Oppenheimer & Co. Inc. Increases Stake in Lamb Weston Holdings, Inc. (NYSE:LW)

Oppenheimer & Co. Inc. boosted its position in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 98.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,848 shares of the specialty retailer’s stock after purchasing an additional 12,827 shares during the period. Oppenheimer & Co. Inc.’s holdings in Lamb Weston were worth $1,673,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in LW. Avantax Advisory Services Inc. raised its holdings in shares of Lamb Weston by 3.7% in the first quarter. Avantax Advisory Services Inc. now owns 3,806 shares of the specialty retailer’s stock worth $405,000 after buying an additional 135 shares during the period. City State Bank increased its stake in Lamb Weston by 56.2% in the third quarter. City State Bank now owns 417 shares of the specialty retailer’s stock worth $27,000 after purchasing an additional 150 shares during the period. Kornitzer Capital Management Inc. KS lifted its position 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 last quarter. Bahl & Gaynor Inc. boosted its stake in shares of Lamb Weston by 2.4% during the first quarter. Bahl & Gaynor Inc. now owns 7,018 shares of the specialty retailer’s stock valued at $748,000 after purchasing an additional 166 shares during the period. Finally, Bridges Investment Management Inc. grew its holdings 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 purchasing an additional 181 shares during the last quarter. Institutional investors own 89.56% of the company’s stock.

Lamb Weston Price Performance

LW opened at $75.47 on Monday. The firm has a market capitalization of $10.76 billion, a PE ratio of 17.72, a price-to-earnings-growth ratio of 1.35 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. The business’s 50-day moving average is $71.80 and its two-hundred day moving average is $74.21. Lamb Weston Holdings, Inc. has a 1 year low of $52.99 and a 1 year high of $111.88.

Lamb Weston (NYSE:LW) last issued its quarterly earnings data 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 firm had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.55 billion. Lamb Weston had a net margin of 9.57% and a return on equity of 34.33%. The company’s quarterly revenue was down .7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.63 EPS. Research analysts anticipate that Lamb Weston Holdings, Inc. will post 4.26 earnings per share for the current fiscal year.

Lamb Weston Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 1st will be paid a dividend of $0.36 per share. The ex-dividend date is Friday, November 1st. This represents a $1.44 annualized dividend and a yield of 1.91%. Lamb Weston’s dividend payout ratio (DPR) is 33.80%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Wells Fargo & Company boosted their price objective on shares of Lamb Weston from $70.00 to $77.00 and gave the company an “overweight” rating in a research report on Thursday, October 3rd. Consumer Edge lowered Lamb Weston from an “overweight” rating to an “equal weight” rating in a report on Friday, July 26th. TD Cowen raised their price objective on Lamb Weston from $61.00 to $65.00 and gave the stock a “hold” rating in a report on Tuesday, September 24th. Barclays upped their target price on Lamb Weston from $70.00 to $74.00 and gave the stock an “overweight” rating in a report on Friday, October 4th. Finally, The Goldman Sachs Group cut their price target 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. 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 stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price 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.