Raymond James Financial Inc. Buys Shares of 296,305 Lamb Weston Holdings, Inc. (NYSE:LW)

Raymond James Financial Inc. purchased a new stake in Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 296,305 shares of the specialty retailer's stock, valued at approximately $19,802,000. Raymond James Financial Inc. owned approximately 0.21% of Lamb Weston at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LW. West Oak Capital LLC boosted its holdings in Lamb Weston by 155.7% in the fourth quarter. West Oak Capital LLC now owns 450 shares of the specialty retailer's stock valued at $30,000 after acquiring an additional 274 shares during the last quarter. Stonebridge Financial Group LLC acquired a new position in shares of Lamb Weston during the fourth quarter worth approximately $35,000. SBI Securities Co. Ltd. acquired a new position in shares of Lamb Weston during the fourth quarter worth approximately $36,000. Prospera Private Wealth LLC purchased a new stake in Lamb Weston in the 3rd quarter valued at $39,000. Finally, Brooklyn Investment Group purchased a new stake in Lamb Weston in the 3rd quarter valued at $40,000. 89.56% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Lamb Weston

In other news, Director Charles A. Blixt purchased 1,200 shares of the business's stock in a transaction on Monday, December 23rd. The stock was acquired at an average price of $63.25 per share, for a total transaction of $75,900.00. Following the acquisition, the director now directly owns 22,982 shares of the company's stock, valued at $1,453,611.50. This represents a 5.51 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert A. Niblock acquired 3,000 shares of the stock in a transaction dated Monday, January 13th. The stock was bought at an average cost of $60.94 per share, with a total value of $182,820.00. Following the completion of the purchase, the director now directly owns 26,406 shares in the company, valued at approximately $1,609,181.64. The trade was a 12.82 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.72% of the company's stock.

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Lamb Weston Stock Up 0.1 %

Shares of LW stock traded up $0.07 during mid-day trading on Thursday, hitting $52.75. The company's stock had a trading volume of 2,016,606 shares, compared to its average volume of 2,724,838. Lamb Weston Holdings, Inc. has a 52-week low of $47.90 and a 52-week high of $107.50. The business has a 50-day moving average price of $56.66 and a 200 day moving average price of $66.29. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.53 and a current ratio of 1.35. The stock has a market cap of $7.52 billion, a price-to-earnings ratio of 20.85, a PEG ratio of 1.40 and a beta of 0.76.

Lamb Weston (NYSE:LW - Get Free Report) last posted its earnings results on Thursday, December 19th. The specialty retailer reported $0.66 earnings per share for the quarter, missing analysts' consensus estimates of $1.01 by ($0.35). Lamb Weston had a net margin of 5.80% and a return on equity of 27.82%. The firm had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.67 billion. During the same period in the prior year, the company posted $1.45 EPS. The firm's revenue was down 7.5% compared to the same quarter last year. Research analysts predict that Lamb Weston Holdings, Inc. will post 3.1 EPS for the current fiscal year.

Analyst Ratings Changes

LW has been the subject of several research reports. StockNews.com upgraded Lamb Weston to a "sell" rating in a research note on Monday, February 24th. Stifel Nicolaus lowered their price target on Lamb Weston from $80.00 to $68.00 and set a "hold" rating on the stock in a report on Friday, December 20th. Deutsche Bank Aktiengesellschaft began coverage on Lamb Weston in a report on Thursday, December 12th. They issued a "hold" rating and a $81.00 price target on the stock. Barclays decreased their price objective on Lamb Weston from $87.00 to $69.00 and set an "overweight" rating on the stock in a report on Monday, December 23rd. Finally, Sanford C. Bernstein began coverage on Lamb Weston in a report on Tuesday, December 3rd. They set a "market perform" rating and a $85.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, Lamb Weston currently has a consensus rating of "Hold" and a consensus price target of $76.73.

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.