Aberdeen Group plc Reduces Stock Holdings in Lamb Weston $LW

Aberdeen Group plc decreased its holdings in Lamb Weston (NYSE:LW) by 11.2% in the second quarter, HoldingsChannel.com reports. The fund owned 8,772 shares of the specialty retailer’s stock after selling 1,107 shares during the period. Aberdeen Group plc’s holdings in Lamb Weston were worth $455,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LW. Farther Finance Advisors LLC lifted its stake in Lamb Weston by 47.6% in the first quarter. Farther Finance Advisors LLC now owns 1,823 shares of the specialty retailer’s stock worth $97,000 after acquiring an additional 588 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Lamb Weston by 328.9% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 43,630 shares of the specialty retailer’s stock valued at $2,325,000 after purchasing an additional 33,458 shares during the period. Exchange Traded Concepts LLC lifted its stake in shares of Lamb Weston by 119.2% in the 1st quarter. Exchange Traded Concepts LLC now owns 7,667 shares of the specialty retailer’s stock valued at $409,000 after purchasing an additional 4,169 shares during the period. QRG Capital Management Inc. lifted its stake in shares of Lamb Weston by 11.5% in the 1st quarter. QRG Capital Management Inc. now owns 5,713 shares of the specialty retailer’s stock valued at $305,000 after purchasing an additional 591 shares during the period. Finally, State of Alaska Department of Revenue lifted its stake in shares of Lamb Weston by 2.8% in the 1st quarter. State of Alaska Department of Revenue now owns 16,715 shares of the specialty retailer’s stock valued at $890,000 after purchasing an additional 455 shares during the period. Hedge funds and other institutional investors own 89.56% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on LW shares. 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 research note on Wednesday, October 1st. BNP Paribas Exane raised their target price on Lamb Weston from $64.00 to $66.00 and gave the company an “outperform” rating in a research note on Wednesday, October 1st. Weiss Ratings cut Lamb Weston from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, October 8th. Cfra Research upgraded Lamb Weston to a “hold” rating in a research note on Thursday, October 2nd. Finally, Barclays raised their target price on Lamb Weston from $61.00 to $68.00 and gave the company an “overweight” rating in a research note on Friday, July 25th. Four equities research 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. According to data from MarketBeat.com, Lamb Weston has an average rating of “Hold” and an average price target of $65.70.

Lamb Weston Stock Up 0.1%

Shares of NYSE:LW opened at $65.02 on Friday. The stock has a fifty day simple moving average of $57.82 and a two-hundred day simple moving average of $54.96. The stock has a market capitalization 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 12-month low of $47.87 and a 12-month high of $83.98. The company has a current ratio of 1.49, a quick ratio of 0.77 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 EPS for the quarter. The business 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%. On average, 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. Shareholders of record on Friday, October 31st will be issued a $0.37 dividend. The ex-dividend date of this dividend is Friday, October 31st. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.3%. Lamb Weston’s dividend payout ratio (DPR) is presently 70.81%.

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.