Charles Schwab Investment Management Inc. Increases Position in Lamb Weston Holdings, Inc. (NYSE:LW)

Charles Schwab Investment Management Inc. grew its position in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 0.8% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,213,508 shares of the specialty retailer’s stock after purchasing an additional 9,614 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.85% of Lamb Weston worth $78,563,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA purchased a new position in Lamb Weston in the third quarter valued at $86,883,000. Thompson Siegel & Walmsley LLC acquired a new position in shares of Lamb Weston during the third quarter worth about $38,382,000. Intech Investment Management LLC grew its position in shares of Lamb Weston by 314.9% during the third quarter. Intech Investment Management LLC now owns 39,965 shares of the specialty retailer’s stock worth $2,587,000 after buying an additional 30,333 shares in the last quarter. Fidelity National Financial Inc. raised its holdings in Lamb Weston by 40.0% in the third quarter. Fidelity National Financial Inc. now owns 350,000 shares of the specialty retailer’s stock valued at $22,659,000 after acquiring an additional 100,000 shares in the last quarter. Finally, First Horizon Advisors Inc. lifted its stake in Lamb Weston by 283.5% in the third quarter. First Horizon Advisors Inc. now owns 2,773 shares of the specialty retailer’s stock worth $180,000 after acquiring an additional 2,050 shares during the last quarter. 89.56% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. TD Cowen increased their price objective 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. Bank of America increased their target price on Lamb Weston from $68.00 to $80.00 and gave the company a “neutral” rating in a report on Monday, October 21st. Citigroup upped their price objective on Lamb Weston from $76.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Barclays raised their target price on Lamb Weston from $70.00 to $74.00 and gave the stock an “overweight” rating in a research report on Friday, October 4th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $68.00 price target (up from $63.00) on shares of Lamb Weston in a report on Monday, October 7th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $82.22.

Lamb Weston Stock Performance

NYSE:LW opened at $76.71 on Thursday. The firm has a market cap of $10.94 billion, a price-to-earnings ratio of 18.01, a price-to-earnings-growth ratio of 1.37 and a beta of 0.72. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.19 and a quick ratio of 0.54. Lamb Weston Holdings, Inc. has a 1-year low of $52.99 and a 1-year high of $111.88. The firm’s fifty day moving average price is $73.57 and its 200 day moving average price is $73.76.

Lamb Weston (NYSE:LW) last issued its quarterly earnings results on Tuesday, October 1st. The specialty retailer reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.01. The business had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.55 billion. Lamb Weston had a net margin of 9.57% and a return on equity of 34.33%. The business’s revenue was down .7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.63 earnings per share. On average, sell-side analysts expect that Lamb Weston Holdings, Inc. will post 4.26 EPS for the current year.

Lamb Weston Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders 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 annualized dividend and a dividend yield of 1.88%. Lamb Weston’s dividend payout ratio is currently 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.