Creative Planning Has $3.67 Million Position in Lamb Weston Holdings, Inc. (NYSE:LW)

Creative Planning trimmed its stake in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 65.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,703 shares of the specialty retailer’s stock after selling 105,465 shares during the quarter. Creative Planning’s holdings in Lamb Weston were worth $3,671,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Avantax Advisory Services Inc. lifted its stake in shares of Lamb Weston by 3.7% in the 1st quarter. Avantax Advisory Services Inc. now owns 3,806 shares of the specialty retailer’s stock valued at $405,000 after purchasing an additional 135 shares during the period. City State Bank grew its holdings in Lamb Weston by 56.2% in the third quarter. City State Bank now owns 417 shares of the specialty retailer’s stock worth $27,000 after purchasing an additional 150 shares during the period. Camarda Financial Advisors LLC increased its position in Lamb Weston by 0.9% in the 1st quarter. Camarda Financial Advisors LLC now owns 16,389 shares of the specialty retailer’s stock valued at $1,746,000 after buying an additional 151 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its position in shares of Lamb Weston by 31.8% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 655 shares of the specialty retailer’s stock worth $70,000 after purchasing an additional 158 shares during the period. Finally, Summit Financial Wealth Advisors LLC lifted its holdings in shares of Lamb Weston by 1.2% in the 1st quarter. Summit Financial Wealth Advisors LLC now owns 13,556 shares of the specialty retailer’s stock worth $1,444,000 after purchasing an additional 161 shares in the last quarter. Institutional investors own 89.56% of the company’s stock.

Lamb Weston Trading Down 0.6 %

LW stock opened at $76.92 on Friday. Lamb Weston Holdings, Inc. has a 12 month low of $52.99 and a 12 month high of $111.88. The firm’s 50-day moving average is $66.77 and its 200 day moving average is $74.59. The company has a market capitalization of $10.97 billion, a PE ratio of 18.06, a P/E/G ratio of 1.38 and a beta of 0.75. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.19 and a quick ratio of 0.54.

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

Lamb Weston Dividend Announcement

The business 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 dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.87%. The ex-dividend date is Friday, November 1st. Lamb Weston’s dividend payout ratio is currently 33.80%.

Analyst Ratings Changes

LW has been the subject of a number of recent research reports. JPMorgan Chase & Co. reissued a “neutral” rating and set a $68.00 price objective (up from $63.00) on shares of Lamb Weston in a report on Monday, October 7th. Bank of America increased their price target on Lamb Weston from $68.00 to $80.00 and gave the company a “neutral” rating in a research report on Monday, October 21st. TD Cowen lifted their price objective on shares of Lamb Weston from $61.00 to $65.00 and gave the stock a “hold” rating in a report on Tuesday, September 24th. The Goldman Sachs Group lowered their target price on shares of Lamb Weston from $132.00 to $78.00 and set a “buy” rating for the company in a report on Thursday, July 25th. Finally, Citigroup boosted their price target on shares of Lamb Weston from $76.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Lamb Weston has a consensus rating of “Hold” and a consensus target price of $82.22.

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.