Insight Wealth Strategies LLC Buys Shares of 37,917 Lamb Weston Holdings, Inc. (NYSE:LW)

Insight Wealth Strategies LLC bought a new stake in shares of Lamb Weston Holdings, Inc. (NYSE:LWFree Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 37,917 shares of the specialty retailer’s stock, valued at approximately $4,039,000.

A number of other hedge funds also recently modified their holdings of the stock. Blair William & Co. IL lifted its holdings in Lamb Weston by 6.3% during the third quarter. Blair William & Co. IL now owns 5,266 shares of the specialty retailer’s stock valued at $487,000 after purchasing an additional 310 shares during the last quarter. Deutsche Bank AG boosted its holdings in Lamb Weston by 4.4% in the 3rd quarter. Deutsche Bank AG now owns 332,308 shares of the specialty retailer’s stock worth $30,725,000 after buying an additional 14,068 shares during the period. Rhumbline Advisers grew its stake in Lamb Weston by 0.7% in the 3rd quarter. Rhumbline Advisers now owns 329,897 shares of the specialty retailer’s stock valued at $30,502,000 after buying an additional 2,336 shares in the last quarter. Aviva PLC raised its holdings in Lamb Weston by 23.1% during the 3rd quarter. Aviva PLC now owns 141,874 shares of the specialty retailer’s stock valued at $13,118,000 after acquiring an additional 26,659 shares during the period. Finally, Kestra Advisory Services LLC lifted its position in shares of Lamb Weston by 4.4% during the third quarter. Kestra Advisory Services LLC now owns 5,252 shares of the specialty retailer’s stock worth $486,000 after acquiring an additional 223 shares in the last quarter. Institutional investors own 89.56% of the company’s stock.

Analyst Ratings Changes

LW has been the topic of several recent analyst reports. Wells Fargo & Company lowered their target price on shares of Lamb Weston from $128.00 to $98.00 and set an “overweight” rating on the stock in a research note on Friday, April 5th. Stifel Nicolaus reduced their target price on Lamb Weston from $130.00 to $115.00 and set a “buy” rating for the company in a research report on Friday, April 5th. Citigroup decreased their target price on Lamb Weston from $132.00 to $106.00 and set a “buy” rating on the stock in a research note on Monday, April 8th. Bank of America dropped their price target on Lamb Weston from $138.00 to $113.00 and set a “buy” rating for the company in a research report on Friday, April 5th. Finally, Barclays decreased their price objective on shares of Lamb Weston from $125.00 to $105.00 and set an “overweight” rating on the stock in a research report on Monday, April 8th. One research analyst has rated the stock with a sell rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $117.40.

Get Our Latest Research Report on LW

Lamb Weston Stock Down 2.8 %

Shares of NYSE:LW traded down $2.43 during trading on Wednesday, hitting $84.68. The stock had a trading volume of 1,450,574 shares, compared to its average volume of 1,508,617. The company has a market capitalization of $12.23 billion, a PE ratio of 11.31, a PEG ratio of 1.27 and a beta of 0.75. The company has a quick ratio of 0.52, a current ratio of 1.19 and a debt-to-equity ratio of 1.81. The firm’s fifty day moving average is $84.90 and its 200 day moving average is $96.71. Lamb Weston Holdings, Inc. has a 12 month low of $77.41 and a 12 month high of $117.38.

Lamb Weston (NYSE:LWGet Free Report) last released its earnings results on Thursday, April 4th. The specialty retailer reported $1.20 earnings per share for the quarter, missing analysts’ consensus estimates of $1.40 by ($0.20). Lamb Weston had a return on equity of 50.74% and a net margin of 16.71%. The business had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.65 billion. During the same period in the prior year, the company earned $1.43 earnings per share. The firm’s quarterly revenue was up 16.3% compared to the same quarter last year. Analysts anticipate that Lamb Weston Holdings, Inc. will post 5.54 EPS for the current fiscal year.

Lamb Weston Profile

(Free Report)

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.

See Also

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

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