Sigma Planning Corp Has $338,000 Position in Lamb Weston Holdings, Inc. (NYSE:LW)

Sigma Planning Corp increased its position in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 112.5% during the third quarter, Holdings Channel reports. The institutional investor owned 5,221 shares of the specialty retailer’s stock after purchasing an additional 2,764 shares during the quarter. Sigma Planning Corp’s holdings in Lamb Weston were worth $338,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. 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 buying an additional 1,247,206 shares in the last quarter. Marshall Wace LLP raised its position in Lamb Weston by 78.5% in the second 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 in the last quarter. Ninety One UK Ltd bought a new position in Lamb Weston during the second quarter worth about $42,518,000. Deprince Race & Zollo Inc. boosted its holdings in Lamb Weston by 2,989.7% during the second quarter. Deprince Race & Zollo Inc. now owns 373,390 shares of the specialty retailer’s stock valued at $31,395,000 after purchasing an additional 361,305 shares in the last quarter. Finally, Ceredex Value Advisors LLC bought a new stake in shares of Lamb Weston in the 2nd quarter valued at approximately $24,165,000. 89.56% of the stock is currently owned by institutional investors.

Lamb Weston Trading Down 6.1 %

Shares of NYSE LW opened at $75.47 on Friday. Lamb Weston Holdings, Inc. has a 1-year low of $52.99 and a 1-year high of $111.88. The company has a 50-day moving average of $71.80 and a two-hundred day moving average of $74.21. The company has a market cap of $10.76 billion, a PE ratio of 17.72, a P/E/G ratio of 1.43 and a beta of 0.72. The company has a current ratio of 1.19, a quick ratio of 0.54 and a debt-to-equity ratio of 1.87.

Lamb Weston (NYSE:LW) last issued its quarterly 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 analyst estimates of $1.55 billion. During the same quarter last year, the business posted $1.63 earnings per share. Lamb Weston’s revenue for the quarter was down .7% compared to the same quarter last year. As a group, equities analysts expect that Lamb Weston Holdings, Inc. will post 4.26 earnings per share for the current fiscal year.

Lamb Weston Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 1st will be paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.91%. The ex-dividend date is Friday, November 1st. Lamb Weston’s dividend payout ratio (DPR) is presently 33.80%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on LW. Citigroup raised their target price on Lamb Weston from $76.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. JPMorgan Chase & Co. reissued a “neutral” rating and set a $68.00 price objective (up from $63.00) on shares of Lamb Weston in a report on Monday, October 7th. Stifel Nicolaus upped their target price on shares of Lamb Weston from $65.00 to $80.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Consumer Edge downgraded shares of Lamb Weston from an “overweight” rating to an “equal weight” rating in a report on Friday, July 26th. Finally, The Goldman Sachs Group decreased their price objective on shares of Lamb Weston from $132.00 to $78.00 and set a “buy” rating on the stock in a research note on Thursday, July 25th. 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 stock. According to MarketBeat, Lamb Weston presently has an average rating of “Hold” and a consensus target price of $82.22.

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.