4,392 Shares in Lamb Weston Holdings, Inc. (NYSE:LW) Acquired by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC acquired a new stake in Lamb Weston Holdings, Inc. (NYSE:LW) during the 4th quarter, Holdings Channel.com reports. The fund acquired 4,392 shares of the specialty retailer’s stock, valued at approximately $475,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. VisionPoint Advisory Group LLC boosted 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 worth $28,000 after purchasing an additional 161 shares in the last quarter. Headlands Technologies LLC acquired a new stake in Lamb Weston during the fourth quarter valued at $51,000. Benjamin F. Edwards & Company Inc. increased its holdings in Lamb Weston by 864.0% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 482 shares of the specialty retailer’s stock valued at $52,000 after buying an additional 432 shares in the last quarter. Covestor Ltd raised its position in shares of Lamb Weston by 300.6% in the third quarter. Covestor Ltd now owns 1,294 shares of the specialty retailer’s stock worth $120,000 after acquiring an additional 971 shares during the period. Finally, Desjardins Global Asset Management Inc. boosted its stake in shares of Lamb Weston by 537.1% during the 4th quarter. Desjardins Global Asset Management Inc. now owns 1,134 shares of the specialty retailer’s stock worth $123,000 after acquiring an additional 956 shares in the last quarter. Institutional investors and hedge funds own 89.56% of the company’s stock.

Lamb Weston Trading Up 0.8 %

Shares of LW opened at $85.10 on Wednesday. The company has a current ratio of 1.19, a quick ratio of 0.52 and a debt-to-equity ratio of 1.81. The firm has a 50-day moving average price of $93.00 and a 200 day moving average price of $98.44. 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 capitalization of $12.29 billion, a P/E ratio of 11.36, a P/E/G ratio of 1.38 and a beta of 0.79.

Lamb Weston (NYSE:LW) last announced its quarterly earnings results on Thursday, April 4th. The specialty retailer reported $1.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.40 by ($0.20). Lamb Weston had a return on equity of 50.74% and a net margin of 16.71%. The firm had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.65 billion. During the same quarter in the prior year, the business earned $1.43 EPS. The firm’s quarterly revenue was up 16.3% on a year-over-year basis. Sell-side analysts forecast that Lamb Weston Holdings, Inc. will post 5.54 EPS for the current year.

Lamb Weston Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 3rd will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date is Thursday, May 2nd. Lamb Weston’s dividend payout ratio is presently 19.23%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on LW shares. 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. Bank of America cut their price objective on Lamb Weston from $138.00 to $113.00 and set a “buy” rating for the company in a research note 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 on the stock in a research note on Friday, April 5th. BNP Paribas assumed coverage on Lamb Weston in a research note on Monday, March 11th. They issued an “outperform” rating and a $128.00 price objective for the company. Finally, Barclays lowered their target price on shares of Lamb Weston from $125.00 to $105.00 and set an “overweight” rating on the stock in a research note on Monday, April 8th. One equities research analyst has rated the stock with a sell rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company 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.