Lamb Weston Holdings, Inc. (NYSE:LW) Shares Sold by Bokf Na

Bokf Na decreased its position in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 6.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,422 shares of the specialty retailer’s stock after selling 283 shares during the period. Bokf Na’s holdings in Lamb Weston were worth $296,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Capital Research Global Investors acquired a new position in shares of Lamb Weston in the fourth quarter worth about $423,270,000. Norges Bank bought a new stake in shares of Lamb Weston during the 4th quarter worth about $96,736,000. JANA Partners Management LP grew its holdings in Lamb Weston by 22.3% during the fourth quarter. JANA Partners Management LP now owns 7,131,339 shares of the specialty retailer’s stock valued at $476,587,000 after purchasing an additional 1,302,585 shares during the last quarter. Continental Grain Co. acquired a new position in Lamb Weston in the 4th quarter valued at $63,786,000. Finally, Boston Partners increased its stake in shares of Lamb Weston by 26.8% in the fourth quarter. Boston Partners now owns 3,477,165 shares of the specialty retailer’s stock worth $232,330,000 after purchasing an additional 735,901 shares during the period. Institutional investors and hedge funds own 89.56% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on LW. Wells Fargo & Company reduced their price objective on Lamb Weston from $72.00 to $66.00 and set an “overweight” rating for the company in a research report on Wednesday, April 2nd. Jefferies Financial Group dropped their price objective on shares of Lamb Weston from $80.00 to $75.00 and set a “buy” rating for the company in a report on Friday, April 11th. StockNews.com upgraded shares of Lamb Weston from a “sell” rating to a “hold” rating in a research report on Thursday. Stifel Nicolaus set a $56.00 price objective on Lamb Weston and gave the company a “hold” rating in a research report on Thursday, April 24th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $57.00 price target on shares of Lamb Weston in a research report on Wednesday, March 19th. Nine research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Lamb Weston currently has a consensus rating of “Hold” and a consensus target price of $70.64.

Lamb Weston Stock Performance

Shares of LW opened at $50.80 on Friday. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.35 and a quick ratio of 0.53. Lamb Weston Holdings, Inc. has a one year low of $47.90 and a one year high of $89.51. The stock has a 50-day moving average of $53.05 and a 200-day moving average of $62.49. The company has a market cap of $7.17 billion, a PE ratio of 20.08, a P/E/G ratio of 1.40 and a beta of 0.46.

Lamb Weston (NYSE:LW) last announced its quarterly earnings results 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 business had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.50 billion. Lamb Weston had a return on equity of 27.82% and a net margin of 5.80%. Lamb Weston’s revenue was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.20 earnings per share. On average, equities research analysts predict that Lamb Weston Holdings, Inc. will post 3.1 EPS for the current fiscal year.

Lamb Weston Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 2nd will be issued a dividend of $0.37 per share. The ex-dividend date is Friday, May 2nd. This represents a $1.48 dividend on an annualized basis and a yield of 2.91%. Lamb Weston’s payout ratio is 58.04%.

Lamb Weston Company 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.