Gulf International Bank UK Ltd Sells 250 Shares of Lamb Weston Holdings, Inc. (NYSE:LW)

Gulf International Bank UK Ltd cut its holdings in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 2.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,671 shares of the specialty retailer’s stock after selling 250 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Lamb Weston were worth $755,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in LW. Avantax Advisory Services Inc. increased its holdings in Lamb Weston by 3.7% during the first quarter. Avantax Advisory Services Inc. now owns 3,806 shares of the specialty retailer’s stock worth $405,000 after buying an additional 135 shares during the last quarter. City State Bank increased its stake in shares of Lamb Weston by 56.2% during 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 last quarter. Camarda Financial Advisors LLC raised its holdings in shares of Lamb Weston by 0.9% in the 1st quarter. Camarda Financial Advisors LLC now owns 16,389 shares of the specialty retailer’s stock worth $1,746,000 after purchasing an additional 151 shares during the period. Bahl & Gaynor Inc. lifted its stake in Lamb Weston by 2.4% in the first quarter. Bahl & Gaynor Inc. now owns 7,018 shares of the specialty retailer’s stock valued at $748,000 after purchasing an additional 166 shares during the last quarter. Finally, Empirical Finance LLC grew its holdings in Lamb Weston by 3.6% during the first quarter. Empirical Finance LLC now owns 5,033 shares of the specialty retailer’s stock valued at $536,000 after purchasing an additional 176 shares during the period. 89.56% of the stock is currently owned by institutional investors.

Lamb Weston Trading Up 1.1 %

Shares of LW stock opened at $81.20 on Friday. Lamb Weston Holdings, Inc. has a 52-week low of $52.99 and a 52-week high of $111.88. The business’s fifty day moving average is $70.06 and its 200 day moving average is $74.44. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.54 and a current ratio of 1.19. The company has a market capitalization of $11.58 billion, a PE ratio of 19.06, a price-to-earnings-growth ratio of 1.43 and a beta of 0.72.

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 analysts’ consensus estimates of $0.72 by $0.01. The firm had revenue of $1.65 billion during 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 company’s revenue for the quarter was down .7% on a year-over-year basis. During the same quarter last year, the company posted $1.63 EPS. On average, equities research analysts anticipate that Lamb Weston Holdings, Inc. will post 4.26 EPS for the current fiscal year.

Lamb Weston Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 1st will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date 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 several research reports. Consumer Edge downgraded Lamb Weston from an “overweight” rating to an “equal weight” rating in a research note on Friday, July 26th. The Goldman Sachs Group lowered their price target on shares of Lamb Weston from $132.00 to $78.00 and set a “buy” rating on the stock in a research report on Thursday, July 25th. TD Cowen raised 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. Wells Fargo & Company increased their target price on Lamb Weston from $70.00 to $77.00 and gave the stock an “overweight” rating in a research report on Thursday, October 3rd. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $68.00 price target (up from $63.00) on shares of Lamb Weston in a research report on Monday, October 7th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $82.22.

About Lamb Weston

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.