Cerity Partners LLC Buys 15,878 Shares of Lamb Weston Holdings, Inc. (NYSE:LW)

Cerity Partners LLC boosted its position in Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) by 172.9% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 25,063 shares of the specialty retailer's stock after purchasing an additional 15,878 shares during the period. Cerity Partners LLC's holdings in Lamb Weston were worth $1,623,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Crewe Advisors LLC grew its position in Lamb Weston by 357.5% during the second quarter. Crewe Advisors LLC now owns 334 shares of the specialty retailer's stock valued at $28,000 after buying an additional 261 shares during the period. GAMMA Investing LLC increased its stake in shares of Lamb Weston by 135.8% during the 2nd quarter. GAMMA Investing LLC now owns 382 shares of the specialty retailer's stock worth $32,000 after purchasing an additional 220 shares during the last quarter. City State Bank increased its stake in shares of Lamb Weston by 56.2% during the 3rd quarter. City State Bank now owns 417 shares of the specialty retailer's stock worth $27,000 after purchasing an additional 150 shares during the last quarter. Family Firm Inc. purchased a new position in Lamb Weston in the second quarter valued at approximately $36,000. Finally, Blue Trust Inc. grew its holdings in 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 purchasing an additional 312 shares during the period. Hedge funds and other institutional investors own 89.56% of the company's stock.

Wall Street Analysts Forecast Growth

LW has been the topic of several research reports. Barclays boosted their target price on Lamb Weston from $70.00 to $74.00 and gave the company an "overweight" rating in a research note on Friday, October 4th. Citigroup lifted their target price on shares of Lamb Weston from $76.00 to $90.00 and gave the stock a "buy" rating in a research note on Tuesday, October 22nd. Stifel Nicolaus upped their price target on shares of Lamb Weston from $65.00 to $80.00 and gave the company a "hold" rating in a research note on Friday, October 25th. TD Cowen lifted their price objective on shares of Lamb Weston from $61.00 to $65.00 and gave the company a "hold" rating in a research note on Tuesday, September 24th. Finally, 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. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $82.50.

Lamb Weston Price Performance

Lamb Weston stock traded up $1.07 during midday trading on Tuesday, hitting $79.41. 1,555,477 shares of the company's stock were exchanged, compared to its average volume of 2,464,607. The company has a market cap of $11.32 billion, a P/E ratio of 18.64, a PEG ratio of 1.40 and a beta of 0.70. 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 stock has a 50-day moving average price of $74.81 and a two-hundred day moving average price of $73.47. 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 data on Tuesday, October 1st. The specialty retailer reported $0.73 EPS for the quarter, topping 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 company had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.55 billion. During the same quarter in the previous year, the firm earned $1.63 earnings per share. Lamb Weston's revenue was down .7% on a year-over-year basis. On average, equities research analysts forecast that Lamb Weston Holdings, Inc. will post 4.26 earnings per share for the current year.

Lamb Weston Dividend Announcement

The company also recently disclosed 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 was Friday, November 1st. This represents a $1.44 annualized dividend and a dividend yield of 1.81%. Lamb Weston's dividend payout ratio (DPR) is presently 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.