DoubleLine ETF Adviser LP Sells 511 Shares of Lamb Weston Holdings, Inc. (NYSE:LW)

DoubleLine ETF Adviser LP lessened its holdings in Lamb Weston Holdings, Inc. (NYSE:LW) by 8.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,727 shares of the specialty retailer’s stock after selling 511 shares during the quarter. DoubleLine ETF Adviser LP’s holdings in Lamb Weston were worth $482,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in LW. Steward Partners Investment Advisory LLC raised its position in Lamb Weston by 2.4% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 14,036 shares of the specialty retailer’s stock worth $1,517,000 after purchasing an additional 334 shares during the period. Stifel Financial Corp raised its position in Lamb Weston by 51.7% in the 4th quarter. Stifel Financial Corp now owns 164,922 shares of the specialty retailer’s stock worth $17,827,000 after purchasing an additional 56,180 shares during the period. Treasurer of the State of North Carolina raised its position in Lamb Weston by 0.9% in the 4th quarter. Treasurer of the State of North Carolina now owns 66,308 shares of the specialty retailer’s stock worth $7,167,000 after purchasing an additional 620 shares during the period. TFO Wealth Partners LLC raised its position in Lamb Weston by 8,040.0% in the 4th quarter. TFO Wealth Partners LLC now owns 407 shares of the specialty retailer’s stock worth $432,000 after purchasing an additional 402 shares during the period. Finally, Bank of Nova Scotia raised its position in Lamb Weston by 31.5% in the 4th quarter. Bank of Nova Scotia now owns 17,870 shares of the specialty retailer’s stock worth $1,932,000 after purchasing an additional 4,280 shares during the period. Hedge funds and other institutional investors own 89.56% of the company’s stock.

Insider Buying and Selling

In other Lamb Weston news, Director William G. Jurgensen acquired 10,000 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The shares were acquired at an average price of $55.43 per share, with a total value of $554,300.00. Following the completion of the purchase, the director now directly owns 173,377 shares of the company’s stock, valued at approximately $9,610,287.11. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.66% of the stock is currently owned by insiders.

Lamb Weston Trading Up 2.4 %

Shares of LW opened at $66.49 on Friday. The firm’s 50-day moving average price is $62.39 and its 200-day moving average price is $78.77. The firm has a market capitalization of $9.60 billion, a price-to-earnings ratio of 8.88, a PEG ratio of 6.18 and a beta of 0.75. The company has a current ratio of 1.29, a quick ratio of 0.59 and a debt-to-equity ratio of 1.92. Lamb Weston Holdings, Inc. has a 1-year low of $52.99 and a 1-year high of $111.88.

Lamb Weston (NYSE:LW) last announced 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 company had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.71 billion. Lamb Weston had a net margin of 11.22% and a return on equity of 44.06%. Sell-side analysts anticipate that Lamb Weston Holdings, Inc. will post 4.54 EPS for the current year.

Lamb Weston Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 2nd were paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 2.17%. The ex-dividend date of this dividend was Friday, August 2nd. Lamb Weston’s payout ratio is currently 19.23%.

Wall Street Analyst Weigh In

LW has been the topic of a number of analyst reports. Consumer Edge cut shares of Lamb Weston from an “overweight” rating to an “equal weight” rating in a research report on Friday, July 26th. The Goldman Sachs Group decreased their price objective on shares of Lamb Weston from $132.00 to $78.00 and set a “buy” rating on the stock in a research report on Thursday, July 25th. TD Cowen boosted their price objective on shares of Lamb Weston from $61.00 to $65.00 and gave the company a “hold” rating in a research report on Tuesday. Wells Fargo & Company decreased their price objective 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. Finally, Bank of America boosted their price objective on shares of Lamb Weston from $66.00 to $68.00 and gave the company a “neutral” rating in a research report on Tuesday, September 17th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $80.70.

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.