Lamb Weston Holdings, Inc. (NYSE:LW) Shares Sold by BNP PARIBAS ASSET MANAGEMENT Holding S.A.

BNP PARIBAS ASSET MANAGEMENT Holding S.A. reduced its stake in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 6.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 87,125 shares of the specialty retailer’s stock after selling 5,553 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned 0.06% of Lamb Weston worth $5,640,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in LW. O Shaughnessy Asset Management LLC increased its stake in Lamb Weston by 5.3% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 8,075 shares of the specialty retailer’s stock valued at $860,000 after purchasing an additional 403 shares in the last quarter. EntryPoint Capital LLC purchased a new position in shares of Lamb Weston in the first quarter valued at $28,000. Gamco Investors INC. ET AL raised its stake in shares of Lamb Weston by 4.3% during the 1st quarter. Gamco Investors INC. ET AL now owns 11,683 shares of the specialty retailer’s stock worth $1,245,000 after buying an additional 480 shares during the last quarter. 1832 Asset Management L.P. purchased a new stake in shares of Lamb Weston in the 1st quarter worth about $210,000. Finally, Price T Rowe Associates Inc. MD grew its stake in Lamb Weston by 0.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 195,836 shares of the specialty retailer’s stock valued at $20,863,000 after acquiring an additional 1,400 shares during the last quarter. 89.56% of the stock is owned by hedge funds and other institutional investors.

Lamb Weston Stock Up 0.2 %

Shares of NYSE:LW opened at $76.92 on Monday. The company has a current ratio of 1.19, a quick ratio of 0.54 and a debt-to-equity ratio of 1.87. The firm has a market cap of $10.97 billion, a price-to-earnings ratio of 18.06, a PEG ratio of 1.37 and a beta of 0.72. The stock’s 50-day moving average price is $73.11 and its two-hundred day moving average price is $73.94. Lamb Weston Holdings, Inc. has a 12-month low of $52.99 and a 12-month high of $111.88.

Lamb Weston (NYSE:LW) last released its earnings results on Tuesday, October 1st. The specialty retailer reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.01. The business had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.55 billion. Lamb Weston had a net margin of 9.57% and a return on equity of 34.33%. The company’s quarterly revenue was down .7% on a year-over-year basis. During the same period last year, the company earned $1.63 earnings per share. On average, research analysts forecast that Lamb Weston Holdings, Inc. will post 4.26 EPS for the current year.

Lamb Weston Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 1st will be given a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.87%. The ex-dividend date is Friday, November 1st. Lamb Weston’s dividend payout ratio (DPR) is currently 33.80%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on LW shares. Stifel Nicolaus lifted their target price on shares of Lamb Weston from $65.00 to $80.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. JPMorgan Chase & Co. restated a “neutral” rating and set a $68.00 price objective (up from $63.00) on shares of Lamb Weston in a research report on Monday, October 7th. Citigroup increased their target price on Lamb Weston from $76.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Bank of America boosted their price target on Lamb Weston from $68.00 to $80.00 and gave the stock a “neutral” rating in a report on Monday, October 21st. Finally, Barclays increased their price objective on Lamb Weston from $70.00 to $74.00 and gave the company an “overweight” rating in a research note on Friday, October 4th. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, Lamb Weston presently has a consensus rating of “Hold” and a consensus price target of $82.22.

About Lamb Weston

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.