Signaturefd LLC Reduces Stock Position in Lamb Weston Holdings, Inc. (NYSE:LW)

Signaturefd LLC decreased its position in Lamb Weston Holdings, Inc. (NYSE:LW) by 8.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,666 shares of the specialty retailer’s stock after selling 236 shares during the quarter. Signaturefd LLC’s holdings in Lamb Weston were worth $173,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Sei Investments Co. boosted its holdings in Lamb Weston by 20.0% in the first quarter. Sei Investments Co. now owns 207,710 shares of the specialty retailer’s stock valued at $22,128,000 after acquiring an additional 34,553 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Lamb Weston by 66.0% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 38,643 shares of the specialty retailer’s stock valued at $4,028,000 after buying an additional 15,364 shares during the period. Empowered Funds LLC bought a new position in Lamb Weston in the first quarter worth about $810,000. Confluence Investment Management LLC purchased a new stake in Lamb Weston in the second quarter worth about $7,937,000. Finally, EntryPoint Capital LLC bought a new stake in Lamb Weston during the 1st quarter valued at approximately $28,000. 89.56% of the stock is currently owned by hedge funds and other institutional investors.

Lamb Weston Trading Down 0.6 %

NYSE:LW opened at $76.92 on Monday. The stock has a market cap of $10.97 billion, a price-to-earnings ratio of 18.06, a PEG ratio of 1.38 and a beta of 0.75. 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’s 50 day moving average price is $66.77 and its 200-day moving average price is $74.51. Lamb Weston Holdings, Inc. has a 52 week low of $52.99 and a 52 week high of $111.88.

Lamb Weston (NYSE:LW) last issued its earnings results on Tuesday, October 1st. The specialty retailer reported $0.73 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $1.55 billion. During the same period last year, the business posted $1.63 EPS. The company’s revenue was down .7% compared to the same quarter last year. On average, equities research analysts forecast that Lamb Weston Holdings, Inc. will post 4.26 earnings per share for the current fiscal year.

Lamb Weston Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 1st will be given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date is Friday, November 1st. Lamb Weston’s dividend payout ratio (DPR) is 33.80%.

Wall Street Analysts Forecast Growth

LW has been the subject of several research reports. 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. Consumer Edge downgraded Lamb Weston from an “overweight” rating to an “equal weight” rating in a report on Friday, July 26th. Bank of America boosted their target price 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. Barclays lifted their price target on shares of Lamb Weston from $70.00 to $74.00 and gave the company an “overweight” rating in a research report on Friday, October 4th. Finally, Stifel Nicolaus boosted their price objective on shares of Lamb Weston from $65.00 to $80.00 and gave the stock a “hold” rating in a research note on Friday. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Lamb Weston currently 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.