Lamb Weston Holdings, Inc. (NYSE:LW) Stock Holdings Lessened by Victory Capital Management Inc.

Victory Capital Management Inc. lessened its holdings in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 22.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 57,046 shares of the specialty retailer’s stock after selling 16,110 shares during the quarter. Victory Capital Management Inc.’s holdings in Lamb Weston were worth $3,693,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Sumitomo Mitsui Trust Group Inc. grew its holdings in Lamb Weston by 2.2% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 344,106 shares of the specialty retailer’s stock valued at $22,277,000 after purchasing an additional 7,449 shares during the last quarter. WealthPlan Investment Management LLC raised its holdings in shares of Lamb Weston by 124.5% in the third quarter. WealthPlan Investment Management LLC now owns 5,479 shares of the specialty retailer’s stock valued at $355,000 after buying an additional 3,039 shares during the last quarter. First National Trust Co raised its holdings in shares of Lamb Weston by 8.7% in the third quarter. First National Trust Co now owns 30,696 shares of the specialty retailer’s stock valued at $1,987,000 after buying an additional 2,469 shares during the last quarter. Venturi Wealth Management LLC increased its position in Lamb Weston by 88.1% in the third quarter. Venturi Wealth Management LLC now owns 1,023 shares of the specialty retailer’s stock worth $66,000 after purchasing an additional 479 shares during the period. Finally, Diamond Hill Capital Management Inc. increased its position in Lamb Weston by 94.9% in the third quarter. Diamond Hill Capital Management Inc. now owns 411,234 shares of the specialty retailer’s stock worth $26,623,000 after purchasing an additional 200,196 shares during the period. Institutional investors own 89.56% of the company’s stock.

Lamb Weston Price Performance

Shares of LW stock opened at $76.92 on Friday. The company has a quick ratio of 0.54, a current ratio of 1.19 and a debt-to-equity ratio of 1.87. Lamb Weston Holdings, Inc. has a twelve month low of $52.99 and a twelve month high of $111.88. The company has a market cap of $10.97 billion, a P/E ratio of 18.06, a P/E/G ratio of 1.37 and a beta of 0.72. The business has a fifty day simple moving average of $73.11 and a 200 day simple moving average of $74.01.

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

Lamb Weston Announces Dividend

The firm also recently disclosed 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. The ex-dividend date is Friday, November 1st. This represents a $1.44 annualized dividend and a dividend yield of 1.87%. Lamb Weston’s dividend payout ratio is currently 33.80%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Barclays boosted their target price on Lamb Weston from $70.00 to $74.00 and gave the stock an “overweight” rating in a research report on Friday, October 4th. Wells Fargo & Company boosted their target price on Lamb Weston from $70.00 to $77.00 and gave the company an “overweight” rating in a research note on Thursday, October 3rd. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $68.00 price objective (up previously from $63.00) on shares of Lamb Weston in a research note on Monday, October 7th. TD Cowen increased their price target on Lamb Weston from $61.00 to $65.00 and gave the company a “hold” rating in a research note on Tuesday, September 24th. Finally, Bank of America upped their price objective on Lamb Weston from $68.00 to $80.00 and gave the company a “neutral” rating in a report on Monday, October 21st. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target 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.