979 Shares in Lamb Weston Holdings, Inc. (NYSE:LW) Bought by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB bought a new stake in Lamb Weston Holdings, Inc. (NYSE:LW) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 979 shares of the specialty retailer’s stock, valued at approximately $63,000.

Several other hedge funds also recently bought and sold shares of LW. Southpoint Capital Advisors LP acquired a new position in Lamb Weston during the third quarter worth $129,480,000. Clarkston Capital Partners LLC boosted its stake in shares of Lamb Weston by 108.7% during the 3rd quarter. Clarkston Capital Partners LLC now owns 3,107,929 shares of the specialty retailer’s stock worth $201,207,000 after acquiring an additional 1,618,570 shares in the last quarter. Massachusetts Financial Services Co. MA acquired a new position in shares of Lamb Weston during the 3rd quarter valued at about $86,883,000. TPG GP A LLC raised its stake in shares of Lamb Weston by 74.4% in the 2nd quarter. TPG GP A LLC now owns 2,924,230 shares of the specialty retailer’s stock valued at $245,869,000 after acquiring an additional 1,247,206 shares in the last quarter. Finally, Marshall Wace LLP lifted its holdings in Lamb Weston by 78.5% in the 2nd quarter. Marshall Wace LLP now owns 1,888,556 shares of the specialty retailer’s stock worth $158,790,000 after purchasing an additional 830,511 shares during the last quarter. 89.56% of the stock is owned by institutional investors and hedge funds.

Lamb Weston Stock Down 0.7 %

LW opened at $62.09 on Friday. The company has a market capitalization of $8.85 billion, a P/E ratio of 14.58, a P/E/G ratio of 1.34 and a beta of 0.70. 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 firm’s fifty day moving average price is $76.76 and its two-hundred day moving average price is $72.48. Lamb Weston Holdings, Inc. has a fifty-two week low of $52.99 and a fifty-two week high of $111.88.

Lamb Weston (NYSE:LW) last posted its earnings results on Thursday, December 19th. The specialty retailer reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.35). The business had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.67 billion. Lamb Weston had a net margin of 9.57% and a return on equity of 34.33%. The business’s revenue was down 7.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.45 EPS. On average, analysts anticipate that Lamb Weston Holdings, Inc. will post 4.26 EPS for the current year.

Lamb Weston Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, January 31st will be paid a $0.37 dividend. This is a positive change from Lamb Weston’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Friday, January 31st. This represents a $1.48 annualized dividend and a yield of 2.38%. Lamb Weston’s payout ratio is currently 56.92%.

Analyst Upgrades and Downgrades

LW has been the topic of several analyst reports. TD Cowen increased their price target on Lamb Weston from $61.00 to $65.00 and gave the company a “hold” rating in a report on Tuesday, September 24th. Bank of America raised their target price on shares of Lamb Weston from $68.00 to $80.00 and gave the company a “neutral” rating in a research note on Monday, October 21st. Jefferies Financial Group boosted their target price on shares of Lamb Weston from $80.00 to $95.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. Deutsche Bank Aktiengesellschaft initiated coverage on Lamb Weston in a research report on Thursday, December 12th. They issued a “hold” rating and a $81.00 price target on the stock. Finally, JPMorgan Chase & Co. increased their target price on Lamb Weston from $68.00 to $78.00 and gave the company a “neutral” rating in a research note on Monday, December 16th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $81.42.

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.