Russell Investments Group Ltd. Increases Stock Position in Lamb Weston Holdings, Inc. (NYSE:LW)

Russell Investments Group Ltd. increased its holdings in Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) by 12.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 167,182 shares of the specialty retailer's stock after purchasing an additional 18,635 shares during the quarter. Russell Investments Group Ltd. owned 0.12% of Lamb Weston worth $11,162,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. lifted its position in Lamb Weston by 97.9% in the fourth quarter. Envestnet Asset Management Inc. now owns 588,027 shares of the specialty retailer's stock valued at $39,298,000 after purchasing an additional 290,901 shares during the last quarter. Resona Asset Management Co. Ltd. bought a new stake in Lamb Weston during the 4th quarter valued at $2,859,000. Provident Investment Management Inc. grew its holdings in Lamb Weston by 2,535.7% in the 4th quarter. Provident Investment Management Inc. now owns 293,086 shares of the specialty retailer's stock worth $19,587,000 after acquiring an additional 281,966 shares during the last quarter. Huntington National Bank increased its position in shares of Lamb Weston by 0.5% in the fourth quarter. Huntington National Bank now owns 69,193 shares of the specialty retailer's stock valued at $4,624,000 after acquiring an additional 329 shares during the period. Finally, Groupama Asset Managment raised its stake in shares of Lamb Weston by 20.9% during the fourth quarter. Groupama Asset Managment now owns 11,950 shares of the specialty retailer's stock valued at $776,000 after acquiring an additional 2,066 shares during the last quarter. Hedge funds and other institutional investors own 89.56% of the company's stock.

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Analysts Set New Price Targets

Several analysts recently issued reports on LW shares. StockNews.com upgraded Lamb Weston to a "sell" rating in a report on Monday, February 24th. Citigroup cut Lamb Weston from a "buy" rating to a "neutral" rating and reduced their target price for the company from $90.00 to $68.00 in a research note on Friday, December 20th. Barclays dropped their price target on Lamb Weston from $87.00 to $69.00 and set an "overweight" rating for the company in a research note on Monday, December 23rd. Jefferies Financial Group reduced their price objective on shares of Lamb Weston from $80.00 to $75.00 and set a "buy" rating on the stock in a research report on Friday, April 11th. Finally, Wells Fargo & Company cut their target price on shares of Lamb Weston from $72.00 to $66.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 2nd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $71.27.

Lamb Weston Stock Down 0.1 %

LW traded down $0.08 during midday trading on Wednesday, reaching $54.55. The company's stock had a trading volume of 256,443 shares, compared to its average volume of 2,776,670. The stock's 50-day moving average is $54.17 and its 200-day moving average is $64.88. Lamb Weston Holdings, Inc. has a 1 year low of $47.90 and a 1 year high of $89.51. The firm has a market capitalization of $7.70 billion, a price-to-earnings ratio of 21.55, a PEG ratio of 1.40 and a beta of 0.48. The company has a current ratio of 1.35, a quick ratio of 0.53 and a debt-to-equity ratio of 2.26.

Lamb Weston (NYSE:LW - Get Free Report) last posted its quarterly earnings data on Thursday, April 3rd. The specialty retailer reported $1.10 earnings per share for the quarter, beating analysts' consensus estimates of $0.87 by $0.23. Lamb Weston had a return on equity of 27.82% and a net margin of 5.80%. The company had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same quarter last year, the company earned $1.20 EPS. The firm's revenue for the quarter was up 4.3% on a year-over-year basis. As a group, research analysts expect that Lamb Weston Holdings, Inc. will post 3.1 EPS for the current year.

Lamb Weston Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 2nd will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 2.71%. The ex-dividend date of this dividend is Friday, May 2nd. Lamb Weston's payout ratio is 58.04%.

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.