Koss Olinger Consulting LLC Sells 363 Shares of Lamb Weston $LW

Koss Olinger Consulting LLC reduced its holdings in shares of Lamb Weston (NYSE:LW) by 1.1% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 32,306 shares of the specialty retailer’s stock after selling 363 shares during the quarter. Koss Olinger Consulting LLC’s holdings in Lamb Weston were worth $1,675,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. American National Bank & Trust bought a new position in shares of Lamb Weston during the 2nd quarter worth approximately $25,000. Wayfinding Financial LLC bought a new position in shares of Lamb Weston in the first quarter valued at $28,000. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of Lamb Weston in the first quarter valued at $28,000. ST Germain D J Co. Inc. grew its stake in shares of Lamb Weston by 64.2% in the second quarter. ST Germain D J Co. Inc. now owns 537 shares of the specialty retailer’s stock valued at $28,000 after buying an additional 210 shares in the last quarter. Finally, Ameriflex Group Inc. grew its stake in shares of Lamb Weston by 407.7% in the second quarter. Ameriflex Group Inc. now owns 594 shares of the specialty retailer’s stock valued at $32,000 after buying an additional 477 shares in the last quarter. 89.56% of the stock is owned by institutional investors.

Lamb Weston Trading Up 1.8%

LW stock opened at $66.34 on Monday. The company has a debt-to-equity ratio of 2.05, a current ratio of 1.49 and a quick ratio of 0.77. The company has a fifty day moving average price of $58.98 and a two-hundred day moving average price of $55.28. Lamb Weston has a one year low of $47.87 and a one year high of $83.98. The stock has a market cap of $9.24 billion, a price-to-earnings ratio of 31.74, a price-to-earnings-growth ratio of 4.40 and a beta of 0.52.

Lamb Weston (NYSE:LW) last released its quarterly earnings data on Thursday, August 24th. The specialty retailer reported $0.64 EPS for the quarter. Lamb Weston had a net margin of 4.56% and a return on equity of 28.08%. The firm had revenue of $1.15 billion during the quarter. Equities analysts anticipate that Lamb Weston will post 3.1 EPS for the current year.

Lamb Weston Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 28th. Shareholders of record on Friday, October 31st will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Friday, October 31st. Lamb Weston’s payout ratio is 70.81%.

Wall Street Analyst Weigh In

LW has been the subject of several analyst reports. Stifel Nicolaus set a $66.00 target price on shares of Lamb Weston in a research note on Wednesday, October 1st. Cowen reissued a “hold” rating on shares of Lamb Weston in a research note on Wednesday, October 1st. Barclays raised their target price on shares of Lamb Weston from $61.00 to $68.00 and gave the company an “overweight” rating in a research note on Friday, July 25th. Wells Fargo & Company raised their target price on shares of Lamb Weston from $66.00 to $68.00 and gave the company an “overweight” rating in a research note on Wednesday, October 1st. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Lamb Weston in a research note on Saturday. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Lamb Weston presently has a consensus rating of “Hold” and a consensus price target of $65.70.

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.