Goldman Sachs Group Inc. Has $37.34 Million Stock Holdings in Lamb Weston Holdings, Inc. (NYSE:LW)

Goldman Sachs Group Inc. cut its position in Lamb Weston Holdings, Inc. (NYSE:LW) by 20.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 345,487 shares of the specialty retailer’s stock after selling 90,697 shares during the period. Goldman Sachs Group Inc. owned 0.24% of Lamb Weston worth $37,344,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Kestra Advisory Services LLC lifted its position in Lamb Weston by 4.4% in the 3rd quarter. Kestra Advisory Services LLC now owns 5,252 shares of the specialty retailer’s stock valued at $486,000 after acquiring an additional 223 shares in the last quarter. Rafferty Asset Management LLC lifted its position in Lamb Weston by 11.7% in the 3rd quarter. Rafferty Asset Management LLC now owns 10,858 shares of the specialty retailer’s stock valued at $1,004,000 after acquiring an additional 1,134 shares in the last quarter. Envestnet Portfolio Solutions Inc. bought a new position in Lamb Weston in the 3rd quarter valued at about $1,191,000. Envestnet Asset Management Inc. lifted its position in Lamb Weston by 44.4% in the 3rd quarter. Envestnet Asset Management Inc. now owns 292,522 shares of the specialty retailer’s stock valued at $27,047,000 after acquiring an additional 89,964 shares in the last quarter. Finally, Pearl River Capital LLC bought a new position in Lamb Weston in the 3rd quarter valued at about $304,000. 89.56% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

LW has been the topic of several recent research reports. Stifel Nicolaus dropped their price target on shares of Lamb Weston from $130.00 to $115.00 and set a “buy” rating on the stock in a research report on Friday, April 5th. Bank of America dropped their target price on shares of Lamb Weston from $138.00 to $113.00 and set a “buy” rating on the stock in a research report on Friday, April 5th. Wells Fargo & Company dropped their target price on shares of Lamb Weston from $128.00 to $98.00 and set an “overweight” rating on the stock in a research report on Friday, April 5th. Citigroup dropped their target price on shares of Lamb Weston from $132.00 to $106.00 and set a “buy” rating on the stock in a research report on Monday, April 8th. Finally, BNP Paribas assumed coverage on shares of Lamb Weston in a research report on Monday, March 11th. They set an “outperform” rating and a $128.00 target price on the stock. One equities research analyst has rated the stock with a sell rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $117.40.

Lamb Weston Trading Up 2.9 %

Shares of LW stock opened at $84.85 on Friday. The company has a 50 day moving average of $85.12 and a 200-day moving average of $96.41. 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 12-month low of $77.41 and a 12-month high of $117.38. The firm has a market cap of $12.25 billion, a P/E ratio of 11.33, a PEG ratio of 1.25 and a beta of 0.75.

Lamb Weston (NYSE:LW) last issued its quarterly earnings results 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). Lamb Weston had a return on equity of 50.74% and a net margin of 16.71%. The company had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.65 billion. During the same quarter in the previous year, the business earned $1.43 EPS. The company’s revenue for the quarter was up 16.3% on a year-over-year basis. Sell-side analysts anticipate that Lamb Weston Holdings, Inc. will post 5.54 earnings per share for the current year.

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.