Dynamic Technology Lab Private Ltd Buys Shares of 21,573 Lamb Weston Holdings, Inc. (NYSE:LW)

Dynamic Technology Lab Private Ltd acquired a new position in Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 21,573 shares of the specialty retailer's stock, valued at approximately $1,397,000.

A number of other hedge funds also recently modified their holdings of the company. City State Bank lifted its position in shares of Lamb Weston by 56.2% in the 3rd quarter. City State Bank now owns 417 shares of the specialty retailer's stock worth $27,000 after acquiring an additional 150 shares during the period. Kornitzer Capital Management Inc. KS raised its holdings in shares of Lamb Weston by 0.8% in the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 18,756 shares of the specialty retailer's stock worth $1,214,000 after buying an additional 156 shares in the last quarter. Bridges Investment Management Inc. raised its holdings in shares of Lamb Weston by 2.8% in the 3rd quarter. Bridges Investment Management Inc. now owns 6,648 shares of the specialty retailer's stock worth $430,000 after buying an additional 181 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of Lamb Weston by 1.4% in the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 13,382 shares of the specialty retailer's stock worth $1,125,000 after buying an additional 188 shares in the last quarter. Finally, Fulton Bank N.A. raised its holdings in shares of Lamb Weston by 4.6% in the 3rd quarter. Fulton Bank N.A. now owns 4,592 shares of the specialty retailer's stock worth $297,000 after buying an additional 201 shares in the last quarter. Institutional investors own 89.56% of the company's stock.

Lamb Weston Stock Up 0.1 %

Shares of LW opened at $76.83 on Wednesday. The firm has a market capitalization of $10.96 billion, a price-to-earnings ratio of 18.04, a PEG ratio of 1.37 and a beta of 0.72. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.54 and a current ratio of 1.19. The business's fifty day moving average price is $73.35 and its two-hundred day moving average price is $73.82. 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 announced its quarterly earnings data on Tuesday, October 1st. The specialty retailer reported $0.73 EPS for the quarter, beating analysts' consensus estimates of $0.72 by $0.01. The firm had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.55 billion. Lamb Weston had a return on equity of 34.33% and a net margin of 9.57%. The business's quarterly revenue was down .7% compared to the same quarter last year. During the same period last year, the company earned $1.63 EPS. On average, analysts predict that Lamb Weston Holdings, Inc. will post 4.26 earnings per share for the current year.

Lamb Weston Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 1st will be issued a $0.36 dividend. The ex-dividend date of this dividend is Friday, November 1st. This represents a $1.44 dividend on an annualized basis and a yield of 1.87%. Lamb Weston's dividend payout ratio is presently 33.80%.

Analyst Upgrades and Downgrades

LW has been the subject of a number of recent research reports. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $68.00 target price (up from $63.00) on shares of Lamb Weston in a report on Monday, October 7th. Wells Fargo & Company raised their price target on Lamb Weston from $70.00 to $77.00 and gave the company an "overweight" rating in a report on Thursday, October 3rd. Citigroup raised their price target on Lamb Weston from $76.00 to $90.00 and gave the company a "buy" rating in a report on Tuesday, October 22nd. Stifel Nicolaus raised their price target on Lamb Weston from $65.00 to $80.00 and gave the company a "hold" rating in a report on Friday, October 25th. Finally, TD Cowen raised 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. One research 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. Based on data from MarketBeat.com, Lamb Weston presently has a consensus 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.