Argyle Capital Management Inc. Sells 600 Shares of Lamb Weston Holdings, Inc. (NYSE:LW)

Argyle Capital Management Inc. lowered its holdings in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 6.0% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 9,374 shares of the specialty retailer’s stock after selling 600 shares during the period. Argyle Capital Management Inc.’s holdings in Lamb Weston were worth $1,013,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Transcend Capital Advisors LLC acquired a new stake in shares of Lamb Weston in the fourth quarter valued at approximately $485,000. Intact Investment Management Inc. raised its position in shares of Lamb Weston by 92.3% in the fourth quarter. Intact Investment Management Inc. now owns 42,700 shares of the specialty retailer’s stock valued at $4,615,000 after buying an additional 20,500 shares in the last quarter. Headlands Technologies LLC acquired a new stake in shares of Lamb Weston in the fourth quarter valued at approximately $51,000. Truist Financial Corp raised its position in shares of Lamb Weston by 30.5% in the fourth quarter. Truist Financial Corp now owns 36,346 shares of the specialty retailer’s stock valued at $3,929,000 after buying an additional 8,497 shares in the last quarter. Finally, Atria Wealth Solutions Inc. raised its position in shares of Lamb Weston by 179.6% in the fourth quarter. Atria Wealth Solutions Inc. now owns 11,611 shares of the specialty retailer’s stock valued at $1,255,000 after buying an additional 7,458 shares in the last quarter. Institutional investors own 89.56% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on LW. Stifel Nicolaus dropped their price target on shares of Lamb Weston from $130.00 to $115.00 and set a “buy” rating for the company in a research report on Friday, April 5th. Wells Fargo & Company lowered their price objective on shares of Lamb Weston from $128.00 to $98.00 and set an “overweight” rating for the company in a research report on Friday, April 5th. Citigroup lowered their price objective on shares of Lamb Weston from $132.00 to $106.00 and set a “buy” rating for the company in a research report on Monday, April 8th. Barclays lowered their price objective on shares of Lamb Weston from $125.00 to $105.00 and set an “overweight” rating for the company in a research report on Monday, April 8th. Finally, BNP Paribas assumed coverage on shares of Lamb Weston in a research report on Monday, March 11th. They set an “outperform” rating and a $128.00 price objective for the company. One investment analyst has rated the stock with a sell rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $117.40.

Lamb Weston Price Performance

Shares of NYSE LW traded up $0.35 during midday trading on Friday, reaching $83.85. 2,462,698 shares of the company were exchanged, compared to its average volume of 4,422,213. The stock’s 50-day moving average price is $95.51 and its 200-day moving average price is $98.51. The stock has a market cap of $12.11 billion, a P/E ratio of 11.19, a PEG ratio of 1.37 and a beta of 0.72. Lamb Weston Holdings, Inc. has a one year low of $77.41 and a one year high of $117.38. The company has a quick ratio of 0.52, a current ratio of 1.19 and a debt-to-equity ratio of 1.81.

Lamb Weston (NYSE:LW) last posted 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). The company had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.65 billion. Lamb Weston had a return on equity of 50.74% and a net margin of 16.71%. The business’s quarterly revenue was up 16.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.43 EPS. On average, sell-side analysts anticipate that Lamb Weston Holdings, Inc. will post 5.52 earnings per share for the current fiscal year.

Lamb Weston Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 3rd will be paid a dividend of $0.36 per share. The ex-dividend date is Thursday, May 2nd. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.72%. Lamb Weston’s payout ratio is presently 19.23%.

Lamb Weston 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.