Lamb Weston Holdings, Inc. (NYSE:LW) Holdings Boosted by Harber Asset Management LLC

Harber Asset Management LLC boosted its stake in Lamb Weston Holdings, Inc. (NYSE:LW) by 22.1% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 277,156 shares of the specialty retailer’s stock after buying an additional 50,120 shares during the quarter. Lamb Weston comprises 5.4% of Harber Asset Management LLC’s holdings, making the stock its 5th largest holding. Harber Asset Management LLC’s holdings in Lamb Weston were worth $17,943,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the stock. City State Bank grew its holdings in Lamb Weston by 56.2% during the 3rd quarter. City State Bank now owns 417 shares of the specialty retailer’s stock valued at $27,000 after buying an additional 150 shares in the last quarter. Kornitzer Capital Management Inc. KS lifted its holdings in shares of Lamb Weston by 0.8% during the third quarter. Kornitzer Capital Management Inc. KS now owns 18,756 shares of the specialty retailer’s stock worth $1,214,000 after purchasing an additional 156 shares during the period. Bridges Investment Management Inc. raised its position in shares of Lamb Weston by 2.8% in the third quarter. Bridges Investment Management Inc. now owns 6,648 shares of the specialty retailer’s stock worth $430,000 after acquiring an additional 181 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in Lamb Weston by 1.4% during the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 13,382 shares of the specialty retailer’s stock worth $1,125,000 after purchasing an additional 188 shares during the last quarter. Finally, Fulton Bank N.A. grew its stake in shares of Lamb Weston by 4.6% in the 3rd quarter. Fulton Bank N.A. now owns 4,592 shares of the specialty retailer’s stock valued at $297,000 after buying an additional 201 shares during the period. 89.56% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

LW has been the subject of a number of research reports. Citigroup boosted their price target on shares of Lamb Weston from $76.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Barclays raised their price target on shares of Lamb Weston from $70.00 to $74.00 and gave the company an “overweight” rating in a report on Friday, October 4th. 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. Stifel Nicolaus upped their price target on Lamb Weston from $65.00 to $80.00 and gave the company a “hold” rating in a report on Friday, October 25th. Finally, TD Cowen boosted their target price on shares of 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 assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $82.22.

Lamb Weston Price Performance

Shares of LW stock opened at $78.36 on Tuesday. Lamb Weston Holdings, Inc. has a one year low of $52.99 and a one year high of $111.88. The company’s 50-day simple moving average is $74.51 and its two-hundred day simple moving average is $73.52. The company has a market capitalization of $11.17 billion, a P/E ratio of 18.39, a P/E/G ratio of 1.38 and a beta of 0.70. 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 (NYSE:LW) last issued its quarterly earnings results on Tuesday, October 1st. The specialty retailer reported $0.73 EPS for the quarter, topping the consensus estimate of $0.72 by $0.01. The firm had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.55 billion. Lamb Weston had a return on equity of 34.33% and a net margin of 9.57%. The firm’s revenue for the quarter was down .7% on a year-over-year basis. During the same period in the previous year, the business earned $1.63 earnings per share. As a group, equities analysts anticipate that Lamb Weston Holdings, Inc. will post 4.26 EPS for the current year.

Lamb Weston Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 1st were given a dividend of $0.36 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $1.44 dividend on an annualized basis and a yield of 1.84%. Lamb Weston’s payout ratio is 33.80%.

About Lamb Weston

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.