Nicola Wealth Management LTD. Invests $6.47 Million in Lamb Weston Holdings, Inc. (NYSE:LW)

Nicola Wealth Management LTD. purchased a new stake in Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 100,000 shares of the specialty retailer's stock, valued at approximately $6,474,000. Nicola Wealth Management LTD. owned approximately 0.07% of Lamb Weston as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its position in Lamb Weston by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 16,695,138 shares of the specialty retailer's stock worth $1,778,533,000 after purchasing an additional 60,601 shares in the last quarter. TPG GP A LLC grew its position in Lamb Weston by 74.4% during the 2nd quarter. TPG GP A LLC now owns 2,924,230 shares of the specialty retailer's stock worth $245,869,000 after acquiring an additional 1,247,206 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its holdings in shares of Lamb Weston by 5.9% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,045,582 shares of the specialty retailer's stock worth $171,993,000 after purchasing an additional 114,049 shares during the last quarter. Marshall Wace LLP raised its stake in shares of Lamb Weston by 78.5% during the second quarter. Marshall Wace LLP now owns 1,888,556 shares of the specialty retailer's stock valued at $158,790,000 after acquiring an additional 830,511 shares during the last quarter. Finally, Champlain Investment Partners LLC increased its position in Lamb Weston by 11.7% during the 1st quarter. Champlain Investment Partners LLC now owns 1,233,420 shares of the specialty retailer's stock valued at $131,396,000 after purchasing an additional 129,120 shares during the period. 89.56% of the stock is owned by institutional investors.

Lamb Weston Stock Performance

Shares of LW stock traded up $0.34 during trading hours on Thursday, hitting $80.41. 1,732,293 shares of the company were exchanged, compared to its average volume of 2,502,010. The company has a current ratio of 1.19, a quick ratio of 0.54 and a debt-to-equity ratio of 1.87. The stock has a market capitalization of $11.47 billion, a price-to-earnings ratio of 18.89, a P/E/G ratio of 1.44 and a beta of 0.72. The firm has a fifty day simple moving average of $71.19 and a 200 day simple moving average of $74.30. Lamb Weston Holdings, Inc. has a 52-week low of $52.99 and a 52-week high of $111.88.

Lamb Weston (NYSE:LW - Get Free Report) last issued its quarterly earnings results on Tuesday, October 1st. The specialty retailer reported $0.73 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 firm had revenue of $1.65 billion for the quarter, compared to analysts' expectations of $1.55 billion. During the same quarter in the prior year, the firm earned $1.63 EPS. The business's revenue for the quarter was down .7% compared to the same quarter last year. Research analysts predict that Lamb Weston Holdings, Inc. will post 4.26 earnings per share for the current fiscal year.

Lamb Weston Dividend Announcement

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 given a dividend of $0.36 per share. The ex-dividend date is Friday, November 1st. This represents a $1.44 annualized dividend and a dividend yield of 1.79%. Lamb Weston's dividend payout ratio is currently 33.80%.

Wall Street Analyst Weigh In

LW has been the topic of a number of recent analyst reports. Bank of America boosted their price objective on Lamb Weston from $68.00 to $80.00 and gave the company a "neutral" rating in a research note on Monday, October 21st. The Goldman Sachs Group dropped 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. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $68.00 price target (up previously from $63.00) on shares of Lamb Weston in a research note on Monday, October 7th. TD Cowen increased their price objective on Lamb Weston from $61.00 to $65.00 and gave the stock a "hold" rating in a research note on Tuesday, September 24th. Finally, Stifel Nicolaus lifted their target price on Lamb Weston from $65.00 to $80.00 and gave the company a "hold" rating in a research report on Friday, October 25th. One analyst has rated the stock with a sell rating, five have given 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 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.