Fifth Third Bancorp Sells 2,178 Shares of Lamb Weston (NYSE:LW)

Fifth Third Bancorp lessened its position in shares of Lamb Weston (NYSE:LW) by 23.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,128 shares of the specialty retailer’s stock after selling 2,178 shares during the period. Fifth Third Bancorp’s holdings in Lamb Weston were worth $380,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in LW. Allworth Financial LP grew its holdings in shares of Lamb Weston by 16.1% in the 4th quarter. Allworth Financial LP now owns 1,223 shares of the specialty retailer’s stock valued at $74,000 after acquiring an additional 170 shares in the last quarter. Romano Brothers AND Company grew its holdings in shares of Lamb Weston by 1.4% in the 1st quarter. Romano Brothers AND Company now owns 15,260 shares of the specialty retailer’s stock valued at $813,000 after acquiring an additional 218 shares in the last quarter. Blair William & Co. IL grew its holdings in shares of Lamb Weston by 3.2% in the 4th quarter. Blair William & Co. IL now owns 7,130 shares of the specialty retailer’s stock valued at $476,000 after acquiring an additional 219 shares in the last quarter. Atria Investments Inc grew its holdings in shares of Lamb Weston by 3.2% in the 4th quarter. Atria Investments Inc now owns 7,255 shares of the specialty retailer’s stock valued at $485,000 after acquiring an additional 227 shares in the last quarter. Finally, Norinchukin Bank The grew its holdings in shares of Lamb Weston by 4.0% in the 4th quarter. Norinchukin Bank The now owns 5,873 shares of the specialty retailer’s stock valued at $392,000 after acquiring an additional 227 shares in the last quarter. Institutional investors own 89.56% of the company’s stock.

Lamb Weston Trading Down 1.4%

Shares of LW stock opened at $53.20 on Thursday. The firm has a 50 day moving average price of $53.22 and a two-hundred day moving average price of $57.93. The company has a quick ratio of 0.58, a current ratio of 1.35 and a debt-to-equity ratio of 2.25. The company has a market capitalization of $7.51 billion, a PE ratio of 20.86, a price-to-earnings-growth ratio of 1.17 and a beta of 0.49. Lamb Weston has a 12-month low of $47.90 and a 12-month high of $85.79.

Lamb Weston (NYSE:LW) last issued its quarterly earnings data on Thursday, April 3rd. The specialty retailer reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.23. The firm had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.50 billion. Lamb Weston had a net margin of 5.74% and a return on equity of 27.25%. The business’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period last year, the business posted $1.20 earnings per share. As a group, analysts predict that Lamb Weston will post 3.1 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on LW shares. Barclays decreased their price objective on Lamb Weston from $69.00 to $61.00 and set an “overweight” rating for the company in a report on Monday, May 12th. Wall Street Zen upgraded Lamb Weston from a “sell” rating to a “hold” rating in a report on Thursday, May 8th. Wells Fargo & Company cut their target price on shares of Lamb Weston from $72.00 to $66.00 and set an “overweight” rating for the company in a research note on Wednesday, April 2nd. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $57.00 target price on shares of Lamb Weston in a research note on Wednesday, March 19th. Finally, Bank of America cut their target price on shares of Lamb Weston from $60.00 to $56.00 and set a “neutral” rating for the company in a research note on Wednesday. Nine analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $67.73.

Lamb Weston Profile

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.