Lamb Weston Holdings (LW) Stake Lowered by Clifford Swan Investment Counsel LLC

Clifford Swan Investment Counsel LLC lowered its holdings in Lamb Weston Holdings (NYSE:LW) by 26.8% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 8,665 shares of the specialty retailer’s stock after selling 3,171 shares during the quarter. Clifford Swan Investment Counsel LLC’s holdings in Lamb Weston were worth $504,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Ferris Capital LLC purchased a new position in Lamb Weston during the 4th quarter worth approximately $309,000. Employees Retirement System of Texas grew its stake in Lamb Weston by 49.9% during the 4th quarter. Employees Retirement System of Texas now owns 483,666 shares of the specialty retailer’s stock worth $27,303,000 after buying an additional 161,000 shares during the last quarter. Resources Investment Advisors Inc. grew its stake in Lamb Weston by 6,905.0% during the 4th quarter. Resources Investment Advisors Inc. now owns 28,020 shares of the specialty retailer’s stock worth $1,582,000 after buying an additional 27,620 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Lamb Weston by 2.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 368,656 shares of the specialty retailer’s stock worth $17,285,000 after buying an additional 7,294 shares during the last quarter. Finally, Sei Investments Co. grew its stake in Lamb Weston by 3.4% during the 4th quarter. Sei Investments Co. now owns 156,934 shares of the specialty retailer’s stock worth $8,859,000 after buying an additional 5,154 shares during the last quarter. Institutional investors and hedge funds own 82.68% of the company’s stock.

Lamb Weston opened at $67.00 on Friday, MarketBeat.com reports. Lamb Weston Holdings has a twelve month low of $66.81 and a twelve month high of $67.24. The company has a quick ratio of 0.63, a current ratio of 1.72 and a debt-to-equity ratio of -5.98. The company has a market cap of $9.84 billion, a price-to-earnings ratio of 28.88, a P/E/G ratio of 2.15 and a beta of 0.67.

Lamb Weston (NYSE:LW) last posted its quarterly earnings data on Thursday, April 5th. The specialty retailer reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.11. Lamb Weston had a negative return on equity of 69.53% and a net margin of 11.75%. The company had revenue of $863.40 million during the quarter, compared to analysts’ expectations of $813.81 million. During the same period last year, the firm earned $0.59 EPS. The firm’s revenue for the quarter was up 12.3% on a year-over-year basis. research analysts forecast that Lamb Weston Holdings will post 2.6 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 1st. Shareholders of record on Friday, May 4th will be given a dividend of $0.1913 per share. The ex-dividend date is Thursday, May 3rd. This represents a $0.77 dividend on an annualized basis and a yield of 1.14%. Lamb Weston’s payout ratio is 32.76%.

LW has been the topic of a number of research reports. Stifel Nicolaus restated a “hold” rating and set a $64.00 price target (up previously from $58.00) on shares of Lamb Weston in a research note on Monday, January 22nd. Zacks Investment Research upgraded Lamb Weston from a “hold” rating to a “buy” rating and set a $68.00 price target on the stock in a research note on Thursday, January 25th. Jefferies Group restated a “buy” rating and set a $66.00 price target on shares of Lamb Weston in a research note on Thursday, April 5th. Finally, Morgan Stanley raised their price target on Lamb Weston from $61.00 to $64.00 and gave the stock an “equal weight” rating in a research note on Friday, April 6th. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $61.50.

About Lamb Weston

Lamb Weston Holdings, Inc produces and markets value-added frozen potato products worldwide. It operates through four segments: Global, Foodservice, Retail, and Other. The company offers frozen potatoes, sweet potatoes, and appetizers under the Lamb Weston brand name, as well as various customer labels.

Institutional Ownership by Quarter for Lamb Weston (NYSE:LW)

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