Exchange Traded Concepts LLC Has $262,000 Stake in Lamb Weston Holdings, Inc. (NYSE:LW)

Exchange Traded Concepts LLC trimmed its stake in Lamb Weston Holdings, Inc. (NYSE:LW) by 36.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,046 shares of the specialty retailer’s stock after selling 2,367 shares during the period. Exchange Traded Concepts LLC’s holdings in Lamb Weston were worth $262,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of LW. TPG GP A LLC increased its holdings in Lamb Weston by 74.4% in the second quarter. TPG GP A LLC now owns 2,924,230 shares of the specialty retailer’s stock valued at $245,869,000 after purchasing an additional 1,247,206 shares during the period. Marshall Wace LLP increased its holdings in Lamb Weston by 78.5% in the second quarter. Marshall Wace LLP now owns 1,888,556 shares of the specialty retailer’s stock valued at $158,790,000 after purchasing an additional 830,511 shares during the period. Artemis Investment Management LLP grew its holdings in Lamb Weston by 117.2% during the 1st quarter. Artemis Investment Management LLP now owns 1,230,538 shares of the specialty retailer’s stock worth $131,035,000 after acquiring an additional 663,985 shares during the period. Ninety One UK Ltd acquired a new stake in Lamb Weston during the 2nd quarter worth about $42,518,000. Finally, Deprince Race & Zollo Inc. grew its holdings in Lamb Weston by 2,989.7% during the 2nd quarter. Deprince Race & Zollo Inc. now owns 373,390 shares of the specialty retailer’s stock worth $31,395,000 after acquiring an additional 361,305 shares during the period. 89.56% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Lamb Weston

In other Lamb Weston news, Director William G. Jurgensen purchased 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 transaction, the director now owns 173,377 shares in the company, valued at $9,610,287.11. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.66% of the stock is owned by insiders.

Lamb Weston Price Performance

Shares of NYSE LW opened at $78.22 on Monday. Lamb Weston Holdings, Inc. has a fifty-two week low of $52.99 and a fifty-two week high of $111.88. The stock has a market cap of $11.29 billion, a price-to-earnings ratio of 10.44, a PEG ratio of 1.27 and a beta of 0.75. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.54 and a current ratio of 1.19. The firm’s 50-day simple moving average is $65.02 and its 200 day simple moving average is $74.60.

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

Lamb Weston Announces Dividend

The firm also recently declared 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. The ex-dividend date of this dividend is Friday, November 1st. This represents a $1.44 annualized dividend and a yield of 1.84%. Lamb Weston’s payout ratio is 19.23%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on LW. Stifel Nicolaus increased their price target on Lamb Weston from $60.00 to $65.00 and gave the stock a “hold” rating in a report on Thursday, October 3rd. The Goldman Sachs Group decreased their price target on Lamb Weston from $132.00 to $78.00 and set a “buy” rating for the company in a report on Thursday, July 25th. TD Cowen increased their price target on Lamb Weston from $61.00 to $65.00 and gave the stock a “hold” rating in a report on Tuesday, September 24th. Barclays increased their price target on Lamb Weston from $70.00 to $74.00 and gave the stock an “overweight” rating in a report on Friday, October 4th. Finally, Citigroup increased their price target on Lamb Weston from $75.00 to $76.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. One analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Lamb Weston has an average rating of “Hold” and a consensus price target of $77.67.

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.