Vanguard Group Inc. Cuts Position in Lamb Weston Holdings, Inc. (NYSE:LW)

Vanguard Group Inc. cut its stake in Lamb Weston Holdings, Inc. (NYSE:LW) by 0.9% during the fourth quarter, HoldingsChannel reports. The fund owned 16,634,537 shares of the specialty retailer’s stock after selling 156,499 shares during the quarter. Vanguard Group Inc. owned about 0.12% of Lamb Weston worth $1,798,027,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in LW. VisionPoint Advisory Group LLC boosted its position in shares of Lamb Weston by 113.4% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 303 shares of the specialty retailer’s stock worth $28,000 after purchasing an additional 161 shares in the last quarter. TFO Wealth Partners LLC boosted its position in shares of Lamb Weston by 8,040.0% in the 4th quarter. TFO Wealth Partners LLC now owns 407 shares of the specialty retailer’s stock worth $432,000 after purchasing an additional 402 shares in the last quarter. Vima LLC acquired a new stake in shares of Lamb Weston in the 4th quarter worth $50,000. Headlands Technologies LLC acquired a new stake in shares of Lamb Weston in the 4th quarter worth $51,000. Finally, Benjamin F. Edwards & Company Inc. boosted its position in shares of Lamb Weston by 864.0% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 482 shares of the specialty retailer’s stock worth $52,000 after purchasing an additional 432 shares in the last quarter. 89.56% of the stock is currently owned by hedge funds and other institutional investors.

Lamb Weston Stock Performance

Shares of LW stock opened at $84.68 on Wednesday. The stock has a market cap of $12.23 billion, a PE ratio of 11.31, a price-to-earnings-growth ratio of 1.26 and a beta of 0.75. The business has a 50-day simple moving average of $84.90 and a 200-day simple moving average of $96.71. The company has a quick ratio of 0.52, a current ratio of 1.19 and a debt-to-equity ratio of 1.81. Lamb Weston Holdings, Inc. has a 52-week low of $77.41 and a 52-week high of $117.38.

Lamb Weston (NYSE:LW) last issued its quarterly earnings data on Thursday, April 4th. The specialty retailer reported $1.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.40 by ($0.20). The company had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.65 billion. Lamb Weston had a net margin of 16.71% and a return on equity of 50.74%. The business’s quarterly revenue was up 16.3% compared to the same quarter last year. During the same period last year, the firm earned $1.43 EPS. On average, equities analysts expect that Lamb Weston Holdings, Inc. will post 5.54 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Stifel Nicolaus lowered their price objective on Lamb Weston from $130.00 to $115.00 and set a “buy” rating for the company in a research report on Friday, April 5th. Barclays lowered their price target on Lamb Weston from $125.00 to $105.00 and set an “overweight” rating for the company in a research report on Monday, April 8th. Bank of America lowered their price target on Lamb Weston from $138.00 to $113.00 and set a “buy” rating for the company in a research report on Friday, April 5th. Wells Fargo & Company lowered their price target on Lamb Weston from $128.00 to $98.00 and set an “overweight” rating for the company in a research report on Friday, April 5th. Finally, Citigroup lowered their price target on Lamb Weston from $132.00 to $106.00 and set a “buy” rating for the company in a research report on Monday, April 8th. One investment analyst has rated the stock with a sell rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $117.40.

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.