Lamb Weston Holdings, Inc. (NYSE:LW) Stock Position Cut by Argyle Capital Management Inc.

Argyle Capital Management Inc. lessened its stake in Lamb Weston Holdings, Inc. (NYSE:LW) by 6.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,374 shares of the specialty retailer’s stock after selling 600 shares during the period. Argyle Capital Management Inc.’s holdings in Lamb Weston were worth $1,013,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of LW. VisionPoint Advisory Group LLC grew its position in Lamb Weston by 113.4% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 303 shares of the specialty retailer’s stock valued at $28,000 after buying an additional 161 shares in the last quarter. Headlands Technologies LLC bought a new position in shares of Lamb Weston during the 4th quarter valued at about $51,000. FinTrust Capital Advisors LLC boosted its position in shares of Lamb Weston by 24.4% during the 3rd quarter. FinTrust Capital Advisors LLC now owns 582 shares of the specialty retailer’s stock valued at $54,000 after purchasing an additional 114 shares in the last quarter. Private Trust Co. NA boosted its position in shares of Lamb Weston by 17.6% during the 3rd quarter. Private Trust Co. NA now owns 1,084 shares of the specialty retailer’s stock valued at $100,000 after purchasing an additional 162 shares in the last quarter. Finally, Covestor Ltd boosted its position in shares of Lamb Weston by 300.6% during the 3rd quarter. Covestor Ltd now owns 1,294 shares of the specialty retailer’s stock valued at $120,000 after purchasing an additional 971 shares in the last quarter. Institutional investors own 89.56% of the company’s stock.

Lamb Weston Stock Up 0.4 %

LW traded up $0.35 on Friday, reaching $83.85. 2,462,698 shares of the company traded hands, compared to its average volume of 4,422,213. The stock’s 50 day moving average price is $95.51 and its 200-day moving average price is $98.51. Lamb Weston Holdings, Inc. has a 52-week low of $77.41 and a 52-week high of $117.38. The company has a market cap of $12.11 billion, a price-to-earnings ratio of 11.19, a PEG ratio of 1.37 and a beta of 0.72. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.19 and a quick ratio of 0.52.

Lamb Weston (NYSE:LW) last announced its quarterly earnings data on Thursday, April 4th. The specialty retailer reported $1.20 EPS for the quarter, missing analysts’ consensus estimates of $1.40 by ($0.20). Lamb Weston had a net margin of 16.71% and a return on equity of 50.74%. The company had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.65 billion. During the same period in the previous year, the firm posted $1.43 earnings per share. The business’s revenue for the quarter was up 16.3% on a year-over-year basis. On average, sell-side analysts expect that Lamb Weston Holdings, Inc. will post 5.52 EPS for the current fiscal year.

Lamb Weston Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 3rd will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date is Thursday, May 2nd. Lamb Weston’s dividend payout ratio (DPR) is presently 19.23%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Citigroup reduced their price objective on shares of Lamb Weston from $132.00 to $106.00 and set a “buy” rating for the company in a research report on Monday, April 8th. Wells Fargo & Company reduced their price objective on shares of Lamb Weston from $128.00 to $98.00 and set an “overweight” rating for the company in a research note 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. Stifel Nicolaus dropped their target price 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. Finally, StockNews.com downgraded shares of Lamb Weston from a “hold” rating to a “sell” rating in a research report on Friday, January 5th. One investment analyst has rated the stock with a sell rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, Lamb Weston presently has a consensus rating of “Moderate Buy” and an average price target of $117.40.

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.