Baird Financial Group Inc. Sells 37,447 Shares of Lamb Weston $LW

Baird Financial Group Inc. reduced its position in shares of Lamb Weston (NYSE:LW) by 7.1% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 487,103 shares of the specialty retailer’s stock after selling 37,447 shares during the quarter. Baird Financial Group Inc. owned approximately 0.35% of Lamb Weston worth $25,256,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. LPL Financial LLC raised its stake in shares of Lamb Weston by 15.6% during the first quarter. LPL Financial LLC now owns 193,932 shares of the specialty retailer’s stock valued at $10,337,000 after acquiring an additional 26,180 shares during the last quarter. Atria Wealth Solutions Inc. increased its holdings in Lamb Weston by 22.7% during the 1st quarter. Atria Wealth Solutions Inc. now owns 52,347 shares of the specialty retailer’s stock valued at $2,790,000 after purchasing an additional 9,699 shares during the period. Vanguard Group Inc. raised its position in Lamb Weston by 2.6% during the 1st quarter. Vanguard Group Inc. now owns 17,072,932 shares of the specialty retailer’s stock valued at $909,987,000 after purchasing an additional 426,045 shares during the last quarter. ASR Vermogensbeheer N.V. bought a new position in Lamb Weston during the 1st quarter valued at approximately $199,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Lamb Weston by 1.1% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,243,560 shares of the specialty retailer’s stock worth $66,282,000 after buying an additional 13,960 shares during the period. Hedge funds and other institutional investors own 89.56% of the company’s stock.

Lamb Weston Stock Performance

Shares of Lamb Weston stock opened at $59.73 on Friday. Lamb Weston has a 12 month low of $47.87 and a 12 month high of $83.98. The firm has a market capitalization of $8.32 billion, a P/E ratio of 28.58, a P/E/G ratio of 3.96 and a beta of 0.44. The company has a current ratio of 1.49, a quick ratio of 0.77 and a debt-to-equity ratio of 2.05. The business has a fifty day simple moving average of $61.35 and a two-hundred day simple moving average of $56.81.

Lamb Weston (NYSE:LW) last released its earnings results on Thursday, August 24th. The specialty retailer reported $0.64 earnings per share for the quarter. Lamb Weston had a net margin of 4.56% and a return on equity of 28.08%. The firm had revenue of $1.15 billion for the quarter. On average, equities analysts forecast that Lamb Weston will post 3.1 earnings per share for the current fiscal year.

Lamb Weston Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 28th. Stockholders of record on Friday, October 31st were issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 2.5%. The ex-dividend date was Friday, October 31st. Lamb Weston’s dividend payout ratio (DPR) is presently 70.81%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Sanford C. Bernstein set a $65.00 target price on Lamb Weston and gave the company a “market perform” rating in a research note on Wednesday, October 1st. Stifel Nicolaus set a $66.00 price target on shares of Lamb Weston in a report on Wednesday, October 1st. Zacks Research upgraded shares of Lamb Weston from a “hold” rating to a “strong-buy” rating in a report on Monday, October 20th. Bank of America raised their target price on shares of Lamb Weston from $60.00 to $66.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 1st. Finally, JPMorgan Chase & Co. began coverage on shares of Lamb Weston in a research report on Wednesday, August 20th. They set a “neutral” rating and a $57.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $65.70.

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.