Landscape Capital Management L.L.C. Lowers Stake in Lamb Weston Holdings, Inc. (NYSE:LW)

Landscape Capital Management L.L.C. cut its stake in shares of Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) by 43.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,268 shares of the specialty retailer's stock after selling 21,225 shares during the period. Landscape Capital Management L.L.C.'s holdings in Lamb Weston were worth $1,765,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Clarkston Capital Partners LLC raised its position in 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 valued at $201,207,000 after purchasing an additional 1,618,570 shares in the last quarter. TPG GP A LLC increased 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 purchasing an additional 1,247,206 shares in the last quarter. Marshall Wace LLP lifted its stake 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 during the last quarter. Ninety One UK Ltd bought a new stake in shares of Lamb Weston during the second quarter worth $42,518,000. Finally, Deprince Race & Zollo Inc. lifted its stake in shares of Lamb Weston by 2,989.7% in the 2nd quarter. Deprince Race & Zollo Inc. now owns 373,390 shares of the specialty retailer's stock valued at $31,395,000 after acquiring an additional 361,305 shares during the last quarter. 89.56% of the stock is owned by institutional investors and hedge funds.

Lamb Weston Price Performance

LW traded up $0.17 during trading hours on Friday, hitting $76.92. The company's stock had a trading volume of 1,171,618 shares, compared to its average volume of 2,488,236. The business's 50-day moving average price is $72.85 and its 200-day moving average price is $74.07. Lamb Weston Holdings, Inc. has a 12 month low of $52.99 and a 12 month high of $111.88. 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 cap of $10.97 billion, a price-to-earnings ratio of 17.93, a P/E/G ratio of 1.34 and a beta of 0.72.

Lamb Weston (NYSE:LW - Get Free Report) last issued its earnings results 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 net margin of 9.57% and a return on equity of 34.33%. The firm had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.55 billion. During the same period in the previous year, the firm earned $1.63 earnings per share. The business's revenue was down .7% on a year-over-year basis. Sell-side analysts expect that Lamb Weston Holdings, Inc. will post 4.26 earnings per share for the current fiscal year.

Lamb Weston Announces Dividend

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

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Wells Fargo & Company boosted their target price on shares of Lamb Weston from $70.00 to $77.00 and gave the company an "overweight" rating in a report on Thursday, October 3rd. Barclays upped their price objective on shares of Lamb Weston from $70.00 to $74.00 and gave the stock an "overweight" rating in a research report on Friday, October 4th. The Goldman Sachs Group lowered their price objective on Lamb Weston from $132.00 to $78.00 and set a "buy" rating on the stock in a research note on Thursday, July 25th. Consumer Edge downgraded Lamb Weston from an "overweight" rating to an "equal weight" rating in a research note on Friday, July 26th. Finally, Citigroup boosted 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. 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 company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target 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.