Czech National Bank Purchases 1,752 Shares of Lamb Weston Holdings, Inc. (NYSE:LW)

Czech National Bank lifted its position in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 6.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,267 shares of the specialty retailer’s stock after purchasing an additional 1,752 shares during the period. Czech National Bank’s holdings in Lamb Weston were worth $1,895,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in LW. WFA Asset Management Corp boosted its holdings in Lamb Weston by 248.6% in the first quarter. WFA Asset Management Corp now owns 244 shares of the specialty retailer’s stock valued at $26,000 after acquiring an additional 174 shares during the last quarter. EntryPoint Capital LLC bought a new stake in Lamb Weston in the first quarter valued at approximately $28,000. Crewe Advisors LLC boosted its holdings in Lamb Weston by 357.5% in the second quarter. Crewe Advisors LLC now owns 334 shares of the specialty retailer’s stock valued at $28,000 after acquiring an additional 261 shares during the last quarter. Redmont Wealth Advisors LLC bought a new stake in Lamb Weston in the first quarter valued at approximately $32,000. Finally, GAMMA Investing LLC boosted its holdings in Lamb Weston by 135.8% in the second quarter. GAMMA Investing LLC now owns 382 shares of the specialty retailer’s stock valued at $32,000 after acquiring an additional 220 shares during the last quarter. 89.56% of the stock is currently owned by institutional investors.

Insider Activity

In other Lamb Weston news, Director William G. Jurgensen bought 10,000 shares of the firm’s stock in a transaction dated Friday, July 26th. The stock was purchased at an average cost of $55.43 per share, with a total value of $554,300.00. Following the transaction, the director now directly owns 173,377 shares in the company, valued at $9,610,287.11. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.66% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on LW shares. 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. 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. 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. Consumer Edge cut Lamb Weston from an “overweight” rating to an “equal weight” rating in a report on Friday, July 26th. Finally, Wells Fargo & Company increased their price target on Lamb Weston from $70.00 to $77.00 and gave the stock an “overweight” rating in a report on Thursday, October 3rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $77.67.

Lamb Weston Price Performance

Shares of NYSE:LW opened at $69.23 on Tuesday. The firm has a market capitalization of $10.00 billion, a price-to-earnings ratio of 9.24, a PEG ratio of 6.18 and a beta of 0.75. The stock’s 50 day moving average is $62.63 and its 200-day moving average is $76.67. Lamb Weston Holdings, Inc. has a twelve month low of $52.99 and a twelve month high of $111.88. The company has a quick ratio of 0.59, a current ratio of 1.29 and a debt-to-equity ratio of 1.92.

Lamb Weston (NYSE:LW) last released its quarterly earnings results on Tuesday, October 1st. The specialty retailer reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.01. The business 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 in the prior year, the firm posted $1.63 EPS. Sell-side analysts forecast that Lamb Weston Holdings, Inc. will post 4.54 EPS for the current fiscal year.

Lamb Weston Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Stockholders 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 dividend yield of 2.08%. The ex-dividend date of this dividend is Friday, November 1st. Lamb Weston’s dividend payout ratio is presently 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.