Lamb Weston $LW Shares Sold by Blair William & Co. IL

Blair William & Co. IL cut its stake in Lamb Weston (NYSE:LW) by 7.6% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,433 shares of the specialty retailer’s stock after selling 527 shares during the quarter. Blair William & Co. IL’s holdings in Lamb Weston were worth $334,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of LW. American National Bank & Trust acquired a new stake in shares of Lamb Weston during the 2nd quarter worth about $25,000. Wayfinding Financial LLC acquired a new stake in shares of Lamb Weston during the 1st quarter worth about $28,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of Lamb Weston during the 1st quarter worth about $28,000. ST Germain D J Co. Inc. increased its position in shares of Lamb Weston by 64.2% during the 2nd quarter. ST Germain D J Co. Inc. now owns 537 shares of the specialty retailer’s stock worth $28,000 after purchasing an additional 210 shares during the last quarter. Finally, Ameriflex Group Inc. increased its position in shares of Lamb Weston by 407.7% during the 2nd quarter. Ameriflex Group Inc. now owns 594 shares of the specialty retailer’s stock worth $32,000 after purchasing an additional 477 shares during the last quarter. 89.56% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Barclays raised their target price on Lamb Weston from $61.00 to $68.00 and gave the company an “overweight” rating in a report on Friday, July 25th. Stifel Nicolaus set a $66.00 target price on Lamb Weston in a report on Wednesday, October 1st. Sanford C. Bernstein set a $65.00 target price on Lamb Weston and gave the company a “market perform” rating in a report on Wednesday, October 1st. Wells Fargo & Company raised their target price on Lamb Weston from $66.00 to $68.00 and gave the company an “overweight” rating in a report on Wednesday, October 1st. Finally, Bank of America raised their target price on Lamb Weston from $60.00 to $66.00 and gave the company a “neutral” rating in a report on Wednesday, October 1st. Four investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Lamb Weston has a consensus rating of “Hold” and an average target price of $65.70.

Lamb Weston Price Performance

LW stock opened at $65.02 on Friday. The business has a 50 day moving average price of $57.82 and a 200 day moving average price of $54.96. The stock has a market cap of $9.06 billion, a price-to-earnings ratio of 31.11, a PEG ratio of 4.31 and a beta of 0.52. Lamb Weston has a fifty-two week low of $47.87 and a fifty-two week high of $83.98. The company has a quick ratio of 0.77, a current ratio of 1.49 and a debt-to-equity ratio of 2.05.

Lamb Weston (NYSE:LW) last posted its earnings results on Thursday, August 24th. The specialty retailer reported $0.64 earnings per share for the quarter. The firm had revenue of $1.15 billion during the quarter. Lamb Weston had a return on equity of 28.08% and a net margin of 4.56%. Equities research analysts anticipate 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 will be paid on Friday, November 28th. Investors of record on Friday, October 31st will be paid a dividend of $0.37 per share. The ex-dividend date is Friday, October 31st. This represents a $1.48 annualized dividend and a yield of 2.3%. Lamb Weston’s payout ratio is presently 70.81%.

About Lamb Weston

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.