Advisory Services Network LLC Has $426,000 Position in Lamb Weston Holdings, Inc. (NYSE:LW)

Advisory Services Network LLC lessened its holdings in Lamb Weston Holdings, Inc. (NYSE:LW) by 38.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,369 shares of the specialty retailer’s stock after selling 3,896 shares during the period. Advisory Services Network LLC’s holdings in Lamb Weston were worth $426,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Invesco Ltd. grew its holdings in shares of Lamb Weston by 6.2% in the 4th quarter. Invesco Ltd. now owns 3,226,695 shares of the specialty retailer’s stock worth $215,640,000 after purchasing an additional 187,058 shares during the last quarter. Russell Investments Group Ltd. boosted its position in Lamb Weston by 12.5% in the fourth quarter. Russell Investments Group Ltd. now owns 167,182 shares of the specialty retailer’s stock valued at $11,162,000 after buying an additional 18,635 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in Lamb Weston by 97.9% during the fourth quarter. Envestnet Asset Management Inc. now owns 588,027 shares of the specialty retailer’s stock worth $39,298,000 after buying an additional 290,901 shares during the last quarter. Resona Asset Management Co. Ltd. acquired a new stake in shares of Lamb Weston during the fourth quarter worth approximately $2,859,000. Finally, Provident Investment Management Inc. raised its stake in shares of Lamb Weston by 2,535.7% in the fourth quarter. Provident Investment Management Inc. now owns 293,086 shares of the specialty retailer’s stock valued at $19,587,000 after acquiring an additional 281,966 shares during the last quarter. Institutional investors own 89.56% of the company’s stock.

Lamb Weston Stock Performance

Shares of Lamb Weston stock opened at $53.42 on Thursday. The firm has a fifty day moving average of $54.06 and a two-hundred day moving average of $64.80. 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 stock has a market capitalization of $7.54 billion, a price-to-earnings ratio of 21.11, a PEG ratio of 1.40 and a beta of 0.48. Lamb Weston Holdings, Inc. has a 52 week low of $47.90 and a 52 week high of $89.51.

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

Lamb Weston Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 2nd will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 2.77%. The ex-dividend date is Friday, May 2nd. Lamb Weston’s payout ratio is 58.04%.

Wall Street Analysts Forecast Growth

LW has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $57.00 price target on shares of Lamb Weston in a report on Wednesday, March 19th. Jefferies Financial Group cut their price target 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 decreased their price objective on shares of Lamb Weston from $68.00 to $63.00 and set a “hold” rating on the stock in a report on Friday, April 4th. Citigroup downgraded shares of Lamb Weston from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $90.00 to $68.00 in a research note on Friday, December 20th. Finally, StockNews.com raised shares of Lamb Weston to a “sell” rating in a research note on Monday, February 24th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $71.27.

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.