Resona Asset Management Co. Ltd. Makes New Investment in Lamb Weston Holdings, Inc. (NYSE:LW)

Resona Asset Management Co. Ltd. acquired a new stake in shares of Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 42,766 shares of the specialty retailer's stock, valued at approximately $2,859,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. West Oak Capital LLC boosted its position in shares of Lamb Weston by 155.7% during the fourth quarter. West Oak Capital LLC now owns 450 shares of the specialty retailer's stock worth $30,000 after buying an additional 274 shares during the period. Stonebridge Financial Group LLC bought a new stake in Lamb Weston during the 4th quarter valued at $35,000. SBI Securities Co. Ltd. acquired a new position in Lamb Weston during the 4th quarter worth $36,000. Wingate Wealth Advisors Inc. bought a new position in shares of Lamb Weston in the fourth quarter worth $47,000. Finally, Advantage Trust Co acquired a new position in shares of Lamb Weston during the fourth quarter valued at $53,000. 89.56% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Wells Fargo & Company decreased their target price on shares of Lamb Weston from $72.00 to $66.00 and set an "overweight" rating for the company in a research report on Wednesday, April 2nd. JPMorgan Chase & Co. increased their price objective on shares of Lamb Weston from $68.00 to $78.00 and gave the company a "neutral" rating in a report on Monday, December 16th. Jefferies Financial Group lowered 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 note on Friday. Citigroup downgraded Lamb Weston from a "buy" rating to a "neutral" rating and cut their target price for the stock from $90.00 to $68.00 in a research report on Friday, December 20th. Finally, StockNews.com upgraded Lamb Weston to a "sell" rating in a research report on Monday, February 24th. One analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $71.27.

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Lamb Weston Trading Down 2.8 %

Shares of Lamb Weston stock traded down $1.57 on Tuesday, reaching $54.41. 298,224 shares of the company were exchanged, compared to its average volume of 2,687,561. 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 Holdings, Inc. has a fifty-two week low of $47.90 and a fifty-two week high of $89.51. The firm has a market capitalization of $7.68 billion, a price-to-earnings ratio of 21.50, a price-to-earnings-growth ratio of 1.40 and a beta of 0.48. The stock has a fifty day moving average price of $54.27 and a 200-day moving average price of $64.95.

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

Lamb Weston Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 2nd will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 2.72%. The ex-dividend date 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.