Howe & Rusling Inc. Invests $4.45 Million in Lamb Weston Holdings, Inc. (NYSE:LW)

Howe & Rusling Inc. purchased a new position in shares of Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 68,748 shares of the specialty retailer's stock, valued at approximately $4,451,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Clarkston Capital Partners LLC boosted its holdings in Lamb Weston by 108.7% in the 3rd quarter. Clarkston Capital Partners LLC now owns 3,107,929 shares of the specialty retailer's stock valued at $201,207,000 after purchasing an additional 1,618,570 shares in the last quarter. TPG GP A LLC boosted its stake in shares of Lamb Weston by 74.4% during the second quarter. TPG GP A LLC now owns 2,924,230 shares of the specialty retailer's stock valued at $245,869,000 after acquiring an additional 1,247,206 shares during the last quarter. Marshall Wace LLP lifted its holdings in Lamb Weston by 78.5% in the 2nd quarter. Marshall Wace LLP now owns 1,888,556 shares of the specialty retailer's stock valued at $158,790,000 after purchasing an additional 830,511 shares in the last quarter. Ninety One UK Ltd acquired a new position in Lamb Weston in the 2nd quarter valued at $42,518,000. Finally, Deprince Race & Zollo Inc. lifted its position 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 worth $31,395,000 after buying an additional 361,305 shares during the period. 89.56% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have weighed in on LW. TD Cowen lifted their price target on shares of Lamb Weston from $61.00 to $65.00 and gave the company a "hold" rating in a research report on Tuesday, September 24th. Consumer Edge lowered shares of Lamb Weston from an "overweight" rating to an "equal weight" rating in a research note on Friday, July 26th. Citigroup upped their price objective on Lamb Weston from $76.00 to $90.00 and gave the stock a "buy" rating in a research note on Tuesday, October 22nd. Wells Fargo & Company raised their target price on Lamb Weston from $70.00 to $77.00 and gave the company an "overweight" rating in a research report on Thursday, October 3rd. Finally, Bank of America upped their price target on shares of Lamb Weston from $68.00 to $80.00 and gave the company a "neutral" rating in a research report on Monday, October 21st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $82.22.

Lamb Weston Stock Performance

Shares of LW traded up $1.04 during midday trading on Wednesday, reaching $76.11. 1,088,933 shares of the stock were exchanged, compared to its average volume of 2,499,329. The company has a quick ratio of 0.54, a current ratio of 1.19 and a debt-to-equity ratio of 1.87. Lamb Weston Holdings, Inc. has a twelve month low of $52.99 and a twelve month high of $111.88. The stock's 50 day simple moving average is $72.32 and its 200 day simple moving average is $74.03. The company has a market cap of $10.85 billion, a P/E ratio of 17.65, a PEG ratio of 1.35 and a beta of 0.72.

Lamb Weston (NYSE:LW - Get Free Report) last released its 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. The firm had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.55 billion. Lamb Weston had a return on equity of 34.33% and a net margin of 9.57%. The company's revenue was down .7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.63 EPS. On average, sell-side analysts expect 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 is Friday, November 1st. This represents a $1.44 dividend on an annualized basis and a yield of 1.89%. Lamb Weston's payout ratio is 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.