Lamb Weston Holdings, Inc. (NYSE:LW) Position Trimmed by Farther Finance Advisors LLC

Farther Finance Advisors LLC trimmed its holdings in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 39.9% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 841 shares of the specialty retailer’s stock after selling 558 shares during the period. Farther Finance Advisors LLC’s holdings in Lamb Weston were worth $54,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Avantax Advisory Services Inc. boosted its stake in Lamb Weston by 3.7% in the 1st quarter. Avantax Advisory Services Inc. now owns 3,806 shares of the specialty retailer’s stock worth $405,000 after purchasing an additional 135 shares during the period. City State Bank boosted its stake in Lamb Weston by 56.2% in the 3rd 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. Bahl & Gaynor Inc. boosted its stake in Lamb Weston by 2.4% in the 1st quarter. Bahl & Gaynor Inc. now owns 7,018 shares of the specialty retailer’s stock worth $748,000 after purchasing an additional 166 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in Lamb Weston by 1.4% in the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 13,382 shares of the specialty retailer’s stock worth $1,125,000 after purchasing an additional 188 shares during the period. Finally, Fulton Bank N.A. boosted its stake in Lamb Weston by 4.6% in the 3rd quarter. Fulton Bank N.A. now owns 4,592 shares of the specialty retailer’s stock worth $297,000 after purchasing an additional 201 shares during the period. 89.56% of the stock is currently owned by institutional investors.

Lamb Weston Trading Down 0.3 %

Lamb Weston stock opened at $80.12 on Thursday. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.19 and a quick ratio of 0.54. The company has a market capitalization of $11.42 billion, a price-to-earnings ratio of 18.81, a PEG ratio of 1.44 and a beta of 0.72. Lamb Weston Holdings, Inc. has a one year low of $52.99 and a one year high of $111.88. The company’s fifty day moving average price is $71.19 and its two-hundred day moving average price is $74.30.

Lamb Weston (NYSE:LW) last issued its quarterly earnings results on Tuesday, October 1st. The specialty retailer reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.01. The company had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.55 billion. Lamb Weston had a return on equity of 34.33% and a net margin of 9.57%. The firm’s revenue was down .7% compared to the same quarter last year. During the same period last year, the business posted $1.63 earnings per share. On average, analysts forecast 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. Stockholders of record on Friday, November 1st will be given a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.80%. The ex-dividend date of this dividend is Friday, November 1st. Lamb Weston’s dividend payout ratio is currently 33.80%.

Analysts Set New Price Targets

LW has been the subject of a number of recent analyst reports. The Goldman Sachs Group decreased their price objective on shares of Lamb Weston from $132.00 to $78.00 and set a “buy” rating for the company in a research note on Thursday, July 25th. Barclays boosted their price target on shares of Lamb Weston from $70.00 to $74.00 and gave the company an “overweight” rating in a report on Friday, October 4th. Consumer Edge cut shares of Lamb Weston from an “overweight” rating to an “equal weight” rating in a report on Friday, July 26th. Wells Fargo & Company boosted their price target on shares of Lamb Weston from $70.00 to $77.00 and gave the company an “overweight” rating in a report on Thursday, October 3rd. Finally, JPMorgan Chase & Co. restated a “neutral” rating and set a $68.00 price target (up from $63.00) on shares of Lamb Weston in a report on Monday, October 7th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $82.22.

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.