First Horizon Advisors Inc. Raises Position in Lamb Weston Holdings, Inc. (NYSE:LW)

First Horizon Advisors Inc. boosted its holdings in Lamb Weston Holdings, Inc. (NYSE:LW) by 283.5% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 2,773 shares of the specialty retailer’s stock after purchasing an additional 2,050 shares during the period. First Horizon Advisors Inc.’s holdings in Lamb Weston were worth $180,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in LW. O Shaughnessy Asset Management LLC boosted its stake in shares of Lamb Weston by 5.3% during the first quarter. O Shaughnessy Asset Management LLC now owns 8,075 shares of the specialty retailer’s stock valued at $860,000 after purchasing an additional 403 shares during the period. Natixis bought a new stake in Lamb Weston in the 1st quarter worth $506,000. EntryPoint Capital LLC purchased a new position in shares of Lamb Weston in the first quarter valued at about $28,000. EP Wealth Advisors LLC raised its stake in shares of Lamb Weston by 16.0% during the first quarter. EP Wealth Advisors LLC now owns 3,798 shares of the specialty retailer’s stock valued at $405,000 after acquiring an additional 523 shares during the last quarter. Finally, Gamco Investors INC. ET AL raised its stake in shares of Lamb Weston by 4.3% during the first quarter. Gamco Investors INC. ET AL now owns 11,683 shares of the specialty retailer’s stock valued at $1,245,000 after acquiring an additional 480 shares during the last quarter. 89.56% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on LW shares. TD Cowen boosted 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. Wells Fargo & Company upped their target price on Lamb Weston from $70.00 to $77.00 and gave the company an “overweight” rating in a report on Thursday, October 3rd. Bank of America lifted their price target on shares of Lamb Weston from $68.00 to $80.00 and gave the company a “neutral” rating in a report on Monday, October 21st. Citigroup upped their price objective on shares of Lamb Weston from $76.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $68.00 target price (up previously from $63.00) on shares of Lamb Weston in a research note on Monday, October 7th. One 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’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $82.22.

Lamb Weston Stock Up 0.2 %

Shares of Lamb Weston stock opened at $76.92 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 market cap of $10.97 billion, a price-to-earnings ratio of 18.06, a PEG ratio of 1.37 and a beta of 0.72. The company has a 50-day moving average of $73.11 and a 200 day moving average of $74.01. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.19 and a quick ratio of 0.54.

Lamb Weston (NYSE:LW) last announced its earnings results on Tuesday, October 1st. The specialty retailer reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.01. Lamb Weston had a net margin of 9.57% and a return on equity of 34.33%. The business had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.55 billion. During the same quarter last year, the firm earned $1.63 earnings per share. The business’s revenue for the quarter was down .7% on a year-over-year basis. As a group, sell-side analysts anticipate that Lamb Weston Holdings, Inc. will post 4.26 earnings per share for the current fiscal year.

Lamb Weston Announces Dividend

The business 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 $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.87%. The ex-dividend date is Friday, November 1st. Lamb Weston’s dividend payout ratio (DPR) is 33.80%.

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.