Russell Investments Group Ltd. reduced its holdings in shares of Lamb Weston Holdings Inc. (NYSE:LW) by 36.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 117,400 shares of the specialty retailer’s stock after selling 67,478 shares during the quarter. Russell Investments Group Ltd. owned 0.08% of Lamb Weston worth $5,504,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Bank of New York Mellon Corp raised its position in shares of Lamb Weston by 3.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,550,426 shares of the specialty retailer’s stock valued at $72,700,000 after acquiring an additional 53,083 shares in the last quarter. Massey Quick Simon & CO. LLC acquired a new stake in Lamb Weston in the third quarter worth $146,000. Rhumbline Advisers increased its position in Lamb Weston by 12.2% in the third quarter. Rhumbline Advisers now owns 302,474 shares of the specialty retailer’s stock worth $14,183,000 after buying an additional 32,906 shares during the period. Retirement Systems of Alabama increased its position in Lamb Weston by 50.8% in the third quarter. Retirement Systems of Alabama now owns 269,802 shares of the specialty retailer’s stock worth $12,651,000 after buying an additional 90,911 shares during the period. Finally, Sei Investments Co. increased its position in Lamb Weston by 30.2% in the third quarter. Sei Investments Co. now owns 151,780 shares of the specialty retailer’s stock worth $7,118,000 after buying an additional 35,196 shares during the period. Institutional investors own 79.41% of the company’s stock.

Several brokerages have weighed in on LW. Bank of America increased their target price on Lamb Weston from $52.00 to $57.00 and gave the stock a “buy” rating in a research report on Monday, November 6th. Zacks Investment Research raised Lamb Weston from a “hold” rating to a “buy” rating and set a $54.00 price target for the company in a research note on Friday, October 6th. Morgan Stanley reissued an “equal weight” rating and issued a $50.00 price target (up previously from $46.00) on shares of Lamb Weston in a research note on Thursday, October 5th. Finally, Jefferies Group reissued a “buy” rating and issued a $58.00 price target (up previously from $53.00) on shares of Lamb Weston in a research note on Thursday, October 5th. Three research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $50.63.

Lamb Weston Holdings Inc. (NYSE:LW) traded up $0.68 during trading hours on Tuesday, hitting $56.88. The stock had a trading volume of 1,390,800 shares, compared to its average volume of 987,928. Lamb Weston Holdings Inc. has a 12 month low of $34.15 and a 12 month high of $57.20. The company has a market capitalization of $8,320.00 and a PE ratio of 24.43. The company has a debt-to-equity ratio of -4.10, a quick ratio of 0.67 and a current ratio of 1.62.

Lamb Weston (NYSE:LW) last released its quarterly earnings results on Wednesday, October 4th. The specialty retailer reported $0.57 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.07. Lamb Weston had a negative return on equity of 50.81% and a net margin of 10.31%. The company had revenue of $817.50 million during the quarter, compared to analysts’ expectations of $795.61 million. The company’s revenue was up 5.3% on a year-over-year basis. equities analysts expect that Lamb Weston Holdings Inc. will post 2.36 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Friday, November 3rd were paid a $0.1875 dividend. The ex-dividend date was Thursday, November 2nd. This represents a $0.75 annualized dividend and a dividend yield of 1.32%. Lamb Weston’s payout ratio is 33.48%.

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Lamb Weston Profile

Lamb Weston Holdings, Inc (Lamb Weston), is a supplier of frozen potato, sweet potato, appetizer and vegetable products to restaurants and retailers around the world. The Company’s segments include Global, Foodservice, Retail and Other. The Global segment includes operations associated with Lamb Weston’s business with large chain restaurant customers, whether those results are generated in the United States or abroad, as well as operations associated with retail and foodservice customers located outside of the United States and Canada.

Institutional Ownership by Quarter for Lamb Weston (NYSE:LW)

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