Candriam Luxembourg S.C.A. lowered its position in shares of Lamb Weston Holdings Inc (NYSE:LW) by 18.7% during the second quarter, Holdings Channel reports. The firm owned 9,746 shares of the specialty retailer’s stock after selling 2,242 shares during the quarter. Candriam Luxembourg S.C.A.’s holdings in Lamb Weston were worth $623,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of LW. Strs Ohio increased its position in Lamb Weston by 1,548.4% in the 2nd quarter. Strs Ohio now owns 295,579 shares of the specialty retailer’s stock valued at $18,896,000 after acquiring an additional 277,648 shares during the period. Congress Asset Management Co. MA increased its position in Lamb Weston by 2.9% in the 2nd quarter. Congress Asset Management Co. MA now owns 1,390,143 shares of the specialty retailer’s stock valued at $88,872,000 after acquiring an additional 39,706 shares during the period. Janney Montgomery Scott LLC increased its position in Lamb Weston by 13.5% in the 2nd quarter. Janney Montgomery Scott LLC now owns 13,307 shares of the specialty retailer’s stock valued at $851,000 after acquiring an additional 1,587 shares during the period. Three Peaks Capital Management LLC acquired a new position in Lamb Weston in the 2nd quarter valued at about $2,324,000. Finally, Thompson Investment Management Inc. boosted its holdings in Lamb Weston by 14.9% in the 2nd quarter. Thompson Investment Management Inc. now owns 37,607 shares of the specialty retailer’s stock valued at $2,404,000 after purchasing an additional 4,889 shares in the last quarter. Institutional investors and hedge funds own 85.53% of the company’s stock.

A number of equities research analysts have weighed in on LW shares. Barclays reaffirmed a “buy” rating and issued a $60.00 price objective on shares of Lamb Weston in a report on Tuesday, May 19th. Zacks Investment Research lowered Lamb Weston from a “hold” rating to a “sell” rating and set a $70.00 price objective on the stock. in a report on Wednesday, July 15th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. Lamb Weston presently has a consensus rating of “Hold” and an average target price of $57.40.

Shares of LW opened at $60.08 on Friday. The stock’s 50 day moving average is $64.89 and its two-hundred day moving average is $69.64. The firm has a market capitalization of $8.78 billion, a PE ratio of 24.13, a P/E/G ratio of 7.72 and a beta of 0.82. The company has a current ratio of 2.25, a quick ratio of 0.84 and a debt-to-equity ratio of 12.47. Lamb Weston Holdings Inc has a twelve month low of $39.06 and a twelve month high of $96.32.

Lamb Weston (NYSE:LW) last announced its quarterly earnings results on Tuesday, July 28th. The specialty retailer reported ($0.01) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.17). The firm had revenue of $846.90 million for the quarter, compared to analysts’ expectations of $829.33 million. Lamb Weston had a return on equity of 183.08% and a net margin of 9.65%. Lamb Weston’s revenue was down 15.6% compared to the same quarter last year. During the same period last year, the firm earned $0.74 EPS. On average, sell-side analysts predict that Lamb Weston Holdings Inc will post 2.28 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Friday, August 7th will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 1.53%. The ex-dividend date is Thursday, August 6th. Lamb Weston’s dividend payout ratio (DPR) is 36.80%.

In other news, Director Robert A. Niblock purchased 2,500 shares of the firm’s stock in a transaction dated Thursday, July 30th. The shares were acquired at an average price of $59.70 per share, with a total value of $149,250.00. The purchase was disclosed in a legal filing with the SEC, which is available through this link. 0.82% of the stock is owned by insiders.

Lamb Weston Profile

Lamb Weston Holdings, Inc produces, distributes, and markets value-added frozen potato products worldwide. It operates through four segments: Global, Foodservice, Retail, and Other. The company offers frozen potatoes, sweet potatoes, and appetizers under the Lamb Weston brand name, as well as various customer labels.

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

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