Teachers Retirement System of The State of Kentucky Sells 345 Shares of Lamb Weston Holdings, Inc. (NYSE:LW)

Teachers Retirement System of The State of Kentucky decreased its holdings in Lamb Weston Holdings, Inc. (NYSE:LW) by 2.9% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,461 shares of the specialty retailer’s stock after selling 345 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Lamb Weston were worth $963,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in Lamb Weston by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 16,695,138 shares of the specialty retailer’s stock worth $1,778,533,000 after purchasing an additional 60,601 shares in the last quarter. TPG GP A LLC increased its holdings in shares of 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 worth $245,869,000 after purchasing an additional 1,247,206 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its position in shares of Lamb Weston by 5.9% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,045,582 shares of the specialty retailer’s stock worth $171,993,000 after buying an additional 114,049 shares in the last quarter. Marshall Wace LLP boosted its stake in Lamb Weston by 78.5% during the second quarter. Marshall Wace LLP now owns 1,888,556 shares of the specialty retailer’s stock valued at $158,790,000 after buying an additional 830,511 shares during the last quarter. Finally, Champlain Investment Partners LLC grew its holdings in Lamb Weston by 11.7% during the 1st quarter. Champlain Investment Partners LLC now owns 1,233,420 shares of the specialty retailer’s stock valued at $131,396,000 after buying an additional 129,120 shares in the last quarter. Institutional investors own 89.56% of the company’s stock.

Wall Street Analysts Forecast Growth

LW has been the subject of a number of research reports. Bank of America increased their target price on Lamb Weston from $66.00 to $68.00 and gave the company a “neutral” rating in a research report on Tuesday, September 17th. The Goldman Sachs Group lowered 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 report on Thursday, July 25th. Citigroup lifted their price objective on shares of Lamb Weston from $75.00 to $76.00 and gave the stock a “buy” rating in a research note on Thursday. JPMorgan Chase & Co. decreased their target price on shares of Lamb Weston from $108.00 to $63.00 and set an “overweight” rating on the stock in a research report on Thursday, July 25th. Finally, Wells Fargo & Company lifted their price target on Lamb Weston from $70.00 to $77.00 and gave the stock an “overweight” rating in a research report on Thursday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, Lamb Weston currently has a consensus rating of “Moderate Buy” and a consensus target price of $82.40.

Insider Transactions at Lamb Weston

In related news, Director William G. Jurgensen acquired 10,000 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The stock was bought at an average price of $55.43 per share, for a total transaction of $554,300.00. Following the acquisition, the director now directly owns 173,377 shares of the company’s stock, valued at $9,610,287.11. This represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.66% of the company’s stock.

Lamb Weston Stock Up 0.8 %

Shares of NYSE LW opened at $68.85 on Friday. Lamb Weston Holdings, Inc. has a 1 year low of $52.99 and a 1 year high of $111.88. The firm has a 50-day simple moving average of $62.37 and a two-hundred day simple moving average of $77.09. The company has a market cap of $9.94 billion, a P/E ratio of 9.19, a PEG ratio of 6.18 and a beta of 0.75. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.29 and a quick ratio of 0.59.

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, topping analysts’ consensus estimates of $0.72 by $0.01. The firm had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.55 billion. Lamb Weston had a return on equity of 44.06% and a net margin of 11.22%. Lamb Weston’s quarterly revenue was down .7% compared to the same quarter last year. During the same period last year, the company earned $1.63 EPS. Research analysts anticipate that Lamb Weston Holdings, Inc. will post 4.54 earnings per share for the current year.

Lamb Weston Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 1st will be paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date is Friday, November 1st. Lamb Weston’s dividend payout ratio is currently 19.23%.

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.