Lamb Weston Holdings, Inc. (NYSE:LW) Shares Sold by Scotia Capital Inc.

Scotia Capital Inc. reduced its stake in shares of Lamb Weston Holdings, Inc. (NYSE:LWFree Report) by 74.2% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 3,543 shares of the specialty retailer’s stock after selling 10,212 shares during the period. Scotia Capital Inc.’s holdings in Lamb Weston were worth $383,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Oliver Luxxe Assets LLC acquired a new stake in shares of Lamb Weston during the 4th quarter valued at about $1,143,000. TFO Wealth Partners LLC grew its position in shares of Lamb Weston by 8,040.0% during the 4th quarter. TFO Wealth Partners LLC now owns 407 shares of the specialty retailer’s stock valued at $432,000 after acquiring an additional 402 shares during the period. Treasurer of the State of North Carolina grew its position in shares of Lamb Weston by 0.9% during the 4th quarter. Treasurer of the State of North Carolina now owns 66,308 shares of the specialty retailer’s stock valued at $7,167,000 after acquiring an additional 620 shares during the period. Weiss Asset Management LP acquired a new stake in shares of Lamb Weston during the 4th quarter valued at about $1,833,000. Finally, Stifel Financial Corp grew its position in shares of Lamb Weston by 51.7% during the 4th quarter. Stifel Financial Corp now owns 164,922 shares of the specialty retailer’s stock valued at $17,827,000 after acquiring an additional 56,180 shares during the period. 89.56% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently commented on LW shares. Bank of America dropped their target price on Lamb Weston from $138.00 to $113.00 and set a “buy” rating on the stock in a research report on Friday, April 5th. Citigroup decreased their price target on shares of Lamb Weston from $132.00 to $106.00 and set a “buy” rating on the stock in a research note on Monday, April 8th. Stifel Nicolaus decreased their price target on shares of Lamb Weston from $130.00 to $115.00 and set a “buy” rating on the stock in a research note on Friday, April 5th. Wells Fargo & Company decreased their price target on shares of Lamb Weston from $128.00 to $98.00 and set an “overweight” rating on the stock in a research note on Friday, April 5th. Finally, Barclays decreased their price target on shares of Lamb Weston from $125.00 to $105.00 and set an “overweight” rating on the stock in a research note on Monday, April 8th. One equities research analyst has rated the stock with a sell rating and ten have issued a buy rating to the company. According to MarketBeat.com, Lamb Weston has an average rating of “Moderate Buy” and a consensus target price of $117.40.

Get Our Latest Stock Report on Lamb Weston

Lamb Weston Trading Down 1.3 %

LW opened at $86.23 on Wednesday. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.19 and a quick ratio of 0.52. The company’s 50 day simple moving average is $86.66 and its two-hundred day simple moving average is $97.62. Lamb Weston Holdings, Inc. has a 1-year low of $77.41 and a 1-year high of $117.38. The firm has a market capitalization of $12.45 billion, a price-to-earnings ratio of 11.51, a price-to-earnings-growth ratio of 1.27 and a beta of 0.75.

Lamb Weston (NYSE:LWGet Free Report) last released its earnings results on Thursday, April 4th. The specialty retailer reported $1.20 earnings per share for the quarter, missing analysts’ consensus estimates of $1.40 by ($0.20). The business had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.65 billion. Lamb Weston had a return on equity of 50.74% and a net margin of 16.71%. The company’s revenue for the quarter was up 16.3% compared to the same quarter last year. During the same period last year, the business earned $1.43 earnings per share. Analysts expect that Lamb Weston Holdings, Inc. will post 5.54 EPS for the current fiscal year.

Lamb Weston Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Friday, May 3rd were given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.67%. The ex-dividend date was Thursday, May 2nd. Lamb Weston’s payout ratio is presently 19.23%.

Lamb Weston Profile

(Free Report)

Lamb Weston Holdings, Inc produces, distributes, and markets frozen potato products worldwide. The company operates through four segments: Global, Foodservice, Retail, and Other. It offers frozen potatoes, commercial ingredients, and appetizers under the Lamb Weston brand, as well as under various customer labels.

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Institutional Ownership by Quarter for Lamb Weston (NYSE:LW)

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