221,410 Shares in Lamb Weston Holdings, Inc. (NYSE:LW) Purchased by Goodman Financial Corp

Goodman Financial Corp acquired a new stake in shares of Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 221,410 shares of the specialty retailer's stock, valued at approximately $14,335,000. Lamb Weston accounts for approximately 3.2% of Goodman Financial Corp's investment portfolio, making the stock its 12th largest holding. Goodman Financial Corp owned 0.16% of Lamb Weston as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the company. Nicola Wealth Management LTD. purchased a new stake in shares of Lamb Weston during the third quarter worth $6,474,000. Confluence Investment Management LLC purchased a new stake in shares of Lamb Weston during the second quarter worth $7,937,000. EntryPoint Capital LLC purchased a new stake in shares of Lamb Weston during the first quarter worth $28,000. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Lamb Weston during the second quarter worth $3,279,000. Finally, Clarkston Capital Partners LLC lifted its position in shares of Lamb Weston by 108.7% during the third quarter. Clarkston Capital Partners LLC now owns 3,107,929 shares of the specialty retailer's stock worth $201,207,000 after acquiring an additional 1,618,570 shares in the last quarter. 89.56% of the stock is owned by institutional investors.

Lamb Weston Price Performance

NYSE LW traded up $0.05 during trading hours on Tuesday, reaching $76.83. 1,830,805 shares of the stock traded hands, compared to its average volume of 2,486,419. The stock has a 50 day simple moving average of $73.35 and a two-hundred day simple moving average of $73.82. Lamb Weston Holdings, Inc. has a 1 year low of $52.99 and a 1 year high of $111.88. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.19 and a quick ratio of 0.54. The company has a market cap of $10.96 billion, a price-to-earnings ratio of 18.02, a price-to-earnings-growth ratio of 1.38 and a beta of 0.72.

Lamb Weston (NYSE:LW - Get Free Report) last announced its quarterly earnings data on Tuesday, October 1st. The specialty retailer reported $0.73 earnings per share (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 period last year, the firm earned $1.63 earnings per share. The company's revenue for the quarter was down .7% compared to the same quarter last year. On average, analysts predict that Lamb Weston Holdings, Inc. will post 4.26 EPS for the current fiscal year.

Lamb Weston Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Friday, November 1st. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.87%. Lamb Weston's dividend payout ratio (DPR) is currently 33.80%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on LW shares. Bank of America increased their target price on Lamb Weston from $68.00 to $80.00 and gave the stock a "neutral" rating in a research report on Monday, October 21st. Citigroup increased 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. Wells Fargo & Company increased their price objective on Lamb Weston from $70.00 to $77.00 and gave the stock an "overweight" rating in a research report on Thursday, October 3rd. Stifel Nicolaus increased their price objective on Lamb Weston from $65.00 to $80.00 and gave the stock a "hold" rating in a research report on Friday, October 25th. Finally, 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 report on Tuesday, September 24th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Lamb Weston currently has a consensus rating of "Hold" and a consensus target price of $82.22.

Lamb Weston 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.