100,000 Shares in Lamb Weston Holdings, Inc. (NYSE:LW) Purchased by Nicola Wealth Management LTD.

Nicola Wealth Management LTD. purchased a new position in shares of Lamb Weston Holdings, Inc. (NYSE:LW) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 100,000 shares of the specialty retailer’s stock, valued at approximately $6,474,000. Nicola Wealth Management LTD. owned about 0.07% of Lamb Weston at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of LW. Avantax Advisory Services Inc. raised its stake in shares of Lamb Weston by 3.7% in the 1st quarter. Avantax Advisory Services Inc. now owns 3,806 shares of the specialty retailer’s stock valued at $405,000 after acquiring an additional 135 shares during the period. City State Bank raised its stake in shares of Lamb Weston by 56.2% in the 3rd quarter. City State Bank now owns 417 shares of the specialty retailer’s stock valued at $27,000 after acquiring an additional 150 shares during the period. Kornitzer Capital Management Inc. KS raised its stake in shares of Lamb Weston by 0.8% in the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 18,756 shares of the specialty retailer’s stock valued at $1,214,000 after acquiring an additional 156 shares during the period. Bahl & Gaynor Inc. increased its stake in Lamb Weston by 2.4% during the 1st quarter. Bahl & Gaynor Inc. now owns 7,018 shares of the specialty retailer’s stock worth $748,000 after buying an additional 166 shares during the period. Finally, Bridges Investment Management Inc. increased its stake in Lamb Weston by 2.8% during the 3rd quarter. Bridges Investment Management Inc. now owns 6,648 shares of the specialty retailer’s stock worth $430,000 after buying an additional 181 shares during the period. 89.56% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on LW shares. Citigroup upped their target price on shares of Lamb Weston from $76.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Barclays upped their target price on shares of Lamb Weston from $70.00 to $74.00 and gave the company an “overweight” rating in a report on Friday, October 4th. TD Cowen upped their target price on shares of Lamb Weston from $61.00 to $65.00 and gave the company a “hold” rating in a report on Tuesday, September 24th. Consumer Edge cut shares of Lamb Weston from an “overweight” rating to an “equal weight” rating in a research note on Friday, July 26th. Finally, Bank of America raised their price objective on shares of Lamb Weston from $68.00 to $80.00 and gave the company a “neutral” rating in a research 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’s stock. According to MarketBeat, Lamb Weston has a consensus rating of “Hold” and an average price target of $82.22.

Lamb Weston Trading Up 0.7 %

Shares of NYSE LW traded up $0.57 during trading on Thursday, hitting $80.64. 339,560 shares of the company traded hands, compared to its average volume of 2,495,627. Lamb Weston Holdings, Inc. has a 1 year low of $52.99 and a 1 year high of $111.88. The firm has a market capitalization of $11.50 billion, a P/E ratio of 18.81, a P/E/G ratio of 1.44 and a beta of 0.72. The company has a quick ratio of 0.54, a current ratio of 1.19 and a debt-to-equity ratio of 1.87. The company has a 50-day moving average price of $71.19 and a 200-day moving average price of $74.30.

Lamb Weston (NYSE:LW) last posted its 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. 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 analyst estimates of $1.55 billion. During the same quarter last year, the firm earned $1.63 earnings per share. The company’s revenue for the quarter was down .7% compared to the same quarter last year. On average, equities analysts predict that Lamb Weston Holdings, Inc. will post 4.26 EPS for the current year.

Lamb Weston Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Shareholders 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 yield of 1.79%. The ex-dividend date of this dividend is Friday, November 1st. Lamb Weston’s dividend payout ratio is presently 33.80%.

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.