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

Ossiam lessened its stake in Lamb Weston Holdings, Inc. (NYSE:LW) by 29.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 1,982 shares of the specialty retailer’s stock after selling 818 shares during the period. Ossiam’s holdings in Lamb Weston were worth $132,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of LW. West Oak Capital LLC boosted its holdings in Lamb Weston by 155.7% in the fourth quarter. West Oak Capital LLC now owns 450 shares of the specialty retailer’s stock valued at $30,000 after purchasing an additional 274 shares during the period. Stonebridge Financial Group LLC acquired a new position in shares of Lamb Weston during the 4th quarter worth about $35,000. SBI Securities Co. Ltd. acquired a new stake in Lamb Weston during the fourth quarter worth approximately $36,000. Wingate Wealth Advisors Inc. purchased a new stake in shares of Lamb Weston during the 4th quarter worth approximately $47,000. Finally, Advantage Trust Co acquired a new position in shares of Lamb Weston in the 4th quarter valued at $53,000. 89.56% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $57.00 price target on shares of Lamb Weston in a research report on Wednesday, March 19th. Jefferies Financial Group reduced their target price on Lamb Weston from $80.00 to $75.00 and set a “buy” rating for the company in a report on Friday, April 11th. Stifel Nicolaus dropped their price target on Lamb Weston from $68.00 to $63.00 and set a “hold” rating on the stock in a research note on Friday, April 4th. 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 note on Wednesday, April 2nd. Finally, StockNews.com upgraded shares of Lamb Weston from a “sell” rating to a “hold” rating in a research report on Tuesday. Nine equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Lamb Weston has a consensus rating of “Hold” and a consensus target price of $71.27.

Lamb Weston Stock Up 0.1 %

LW stock opened at $52.52 on Thursday. Lamb Weston Holdings, Inc. has a one year low of $47.90 and a one year high of $89.51. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.53 and a current ratio of 1.35. The company has a fifty day moving average of $53.54 and a 200-day moving average of $64.32. The stock has a market capitalization of $7.41 billion, a PE ratio of 20.76, a price-to-earnings-growth ratio of 1.40 and a beta of 0.48.

Lamb Weston (NYSE:LW) last announced its quarterly earnings data on Thursday, April 3rd. The specialty retailer reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.23. The company had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.50 billion. Lamb Weston had a return on equity of 27.82% and a net margin of 5.80%. The firm’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.20 EPS. As a group, analysts expect that Lamb Weston Holdings, Inc. will post 3.1 EPS for the current year.

Lamb Weston Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 2nd will be given a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 2.82%. The ex-dividend date of this dividend is Friday, May 2nd. 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.