Toronto Dominion Bank Grows Stock Position in Lamb Weston Holdings, Inc. (NYSE:LW)

Toronto Dominion Bank lifted its holdings in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 49.5% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 65,331 shares of the specialty retailer’s stock after acquiring an additional 21,639 shares during the period. Toronto Dominion Bank’s holdings in Lamb Weston were worth $4,230,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of LW. Wealth Enhancement Advisory Services LLC grew its position in Lamb Weston by 34.2% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 7,010 shares of the specialty retailer’s stock worth $589,000 after purchasing an additional 1,786 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of Lamb Weston by 251.6% during the second quarter. Blue Trust Inc. now owns 436 shares of the specialty retailer’s stock valued at $37,000 after buying an additional 312 shares during the last quarter. Raymond James & Associates grew its holdings in shares of Lamb Weston by 237.1% during the second quarter. Raymond James & Associates now owns 185,444 shares of the specialty retailer’s stock valued at $15,592,000 after buying an additional 130,428 shares during the last quarter. Ninety One UK Ltd acquired a new position in shares of Lamb Weston in the 2nd quarter valued at $42,518,000. Finally, Liberty One Investment Management LLC raised its stake in Lamb Weston by 18.7% in the 2nd quarter. Liberty One Investment Management LLC now owns 39,119 shares of the specialty retailer’s stock worth $3,289,000 after acquiring an additional 6,151 shares during the last quarter. Institutional investors and hedge funds own 89.56% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on LW. Bank of America boosted their price target on Lamb Weston from $68.00 to $80.00 and gave the company a “neutral” rating in a research note on Monday, October 21st. Sanford C. Bernstein initiated coverage on shares of Lamb Weston in a report on Tuesday, December 3rd. They issued a “market perform” rating and a $85.00 price target on the stock. JPMorgan Chase & Co. restated a “neutral” rating and set a $68.00 price objective (up from $63.00) on shares of Lamb Weston in a research note on Monday, October 7th. Barclays increased their price objective on shares of Lamb Weston from $70.00 to $74.00 and gave the stock an “overweight” rating in a research note on Friday, October 4th. Finally, Citigroup boosted their target price on shares of Lamb Weston from $76.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $82.36.

Lamb Weston Stock Up 6.8 %

LW opened at $79.27 on Friday. The company has a fifty day moving average of $76.48 and a two-hundred day moving average of $72.94. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.54 and a current ratio of 1.19. Lamb Weston Holdings, Inc. has a fifty-two week low of $52.99 and a fifty-two week high of $111.88. The stock has a market capitalization of $11.30 billion, a price-to-earnings ratio of 18.61, a PEG ratio of 1.34 and a beta of 0.70.

Lamb Weston (NYSE:LW) last released its quarterly earnings results on Tuesday, October 1st. The specialty retailer reported $0.73 earnings per share for the quarter, topping 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 company had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.55 billion. During the same quarter in the prior year, the firm posted $1.63 EPS. Lamb Weston’s quarterly revenue was down .7% compared to the same quarter last year. On average, research analysts expect that Lamb Weston Holdings, Inc. will post 4.26 earnings per share for the current year.

Lamb Weston Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 1st were given a dividend of $0.36 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.82%. Lamb Weston’s dividend payout ratio (DPR) is 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.