Naples Global Advisors LLC Has $636,000 Stock Position in Lamb Weston Holdings, Inc. (NYSE:LW)

Naples Global Advisors LLC boosted its holdings in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 40.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,566 shares of the specialty retailer’s stock after purchasing an additional 2,175 shares during the period. Naples Global Advisors LLC’s holdings in Lamb Weston were worth $636,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. WFA Asset Management Corp increased its position in Lamb Weston by 248.6% during the 1st quarter. WFA Asset Management Corp now owns 244 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 174 shares in the last quarter. EntryPoint Capital LLC bought a new position in shares of Lamb Weston in the 1st quarter valued at $28,000. Redmont Wealth Advisors LLC bought a new position in shares of Lamb Weston in the 1st quarter valued at $32,000. GAMMA Investing LLC boosted its holdings in shares of Lamb Weston by 135.8% during the 2nd quarter. GAMMA Investing LLC now owns 382 shares of the specialty retailer’s stock valued at $32,000 after acquiring an additional 220 shares in the last quarter. Finally, TFO Wealth Partners LLC grew its position in Lamb Weston by 8,040.0% during the 4th quarter. TFO Wealth Partners LLC now owns 407 shares of the specialty retailer’s stock worth $432,000 after acquiring an additional 402 shares during the last quarter. Institutional investors and hedge funds own 89.56% of the company’s stock.

Lamb Weston Trading Down 0.3 %

Shares of LW stock traded down $0.16 during mid-day trading on Friday, hitting $60.93. The company’s stock had a trading volume of 1,639,623 shares, compared to its average volume of 2,560,137. The company has a market cap of $8.80 billion, a PE ratio of 8.13, a P/E/G ratio of 5.65 and a beta of 0.74. The company has a debt-to-equity ratio of 1.92, a quick ratio of 0.59 and a current ratio of 1.29. The company’s fifty day simple moving average is $73.60 and its 200-day simple moving average is $86.61. Lamb Weston Holdings, Inc. has a 52 week low of $52.99 and a 52 week high of $111.88.

Lamb Weston (NYSE:LW) last issued its earnings results on Wednesday, July 24th. The specialty retailer reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates of $1.24 by ($0.46). The business had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.71 billion. Lamb Weston had a return on equity of 44.06% and a net margin of 11.22%. As a group, equities research analysts expect that Lamb Weston Holdings, Inc. will post 4.55 earnings per share for the current fiscal year.

Lamb Weston Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Friday, August 2nd will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Friday, August 2nd. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.36%. Lamb Weston’s dividend payout ratio (DPR) is presently 19.23%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on LW shares. The Goldman Sachs Group dropped their target price on Lamb Weston from $132.00 to $78.00 and set a “buy” rating for the company in a research report on Thursday, July 25th. Wells Fargo & Company cut their target price on shares of Lamb Weston from $98.00 to $70.00 and set an “overweight” rating on the stock in a research report on Friday, July 26th. Stifel Nicolaus cut shares of Lamb Weston from a “buy” rating to a “hold” rating and decreased their price target for the company from $115.00 to $60.00 in a research report on Thursday, July 25th. Citigroup cut their price target on shares of Lamb Weston from $106.00 to $104.00 and set a “buy” rating on the stock in a report on Wednesday, July 10th. Finally, Barclays decreased their price objective on Lamb Weston from $96.00 to $70.00 and set an “overweight” rating for the company in a report on Friday, July 26th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $87.70.

Insider Activity

In other news, Director William G. Jurgensen acquired 10,000 shares of the firm’s stock in a transaction dated Friday, July 26th. The stock was purchased at an average price of $55.43 per share, for a total transaction of $554,300.00. Following the completion of the acquisition, the director now directly owns 173,377 shares in the company, valued at approximately $9,610,287.11. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. 1.66% of the stock is currently owned by company insiders.

Lamb Weston Company 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.