Guidance Capital Inc. Has $699,000 Stock Position in Lamb Weston Holdings, Inc. (NYSE:LW)

Guidance Capital Inc. lowered its stake in Lamb Weston Holdings, Inc. (NYSE:LW) by 29.2% during the third quarter, Holdings Channel reports. The institutional investor owned 10,803 shares of the specialty retailer’s stock after selling 4,457 shares during the period. Guidance Capital Inc.’s holdings in Lamb Weston were worth $699,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of LW. TPG GP A LLC boosted its holdings in Lamb Weston by 74.4% in the 2nd quarter. TPG GP A LLC now owns 2,924,230 shares of the specialty retailer’s stock valued at $245,869,000 after purchasing an additional 1,247,206 shares during the period. Marshall Wace LLP boosted its holdings 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 period. Artemis Investment Management LLP boosted its holdings in Lamb Weston by 117.2% in the 1st quarter. Artemis Investment Management LLP now owns 1,230,538 shares of the specialty retailer’s stock valued at $131,035,000 after purchasing an additional 663,985 shares during the period. Ninety One UK Ltd bought a new stake in Lamb Weston in the 2nd quarter valued at about $42,518,000. Finally, Deprince Race & Zollo Inc. boosted its holdings in 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 purchasing an additional 361,305 shares during the period. Institutional investors and hedge funds own 89.56% of the company’s stock.

Lamb Weston Stock Up 0.1 %

Shares of LW traded up $0.08 during trading hours on Wednesday, reaching $77.34. 329,072 shares of the stock traded hands, compared to its average volume of 2,546,814. The company has a market cap of $11.17 billion, a price-to-earnings ratio of 10.32, a PEG ratio of 1.27 and a beta of 0.75. The company has a current ratio of 1.19, a quick ratio of 0.54 and a debt-to-equity ratio of 1.87. Lamb Weston Holdings, Inc. has a 52 week low of $52.99 and a 52 week high of $111.88. The stock has a fifty day simple moving average of $65.77 and a 200 day simple moving average of $74.56.

Lamb Weston (NYSE:LW) last released its earnings results on Tuesday, October 1st. The specialty retailer reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.01. The firm had revenue of $1.65 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the previous year, the company earned $1.63 earnings per share. On average, equities analysts forecast that Lamb Weston Holdings, Inc. will post 4.26 EPS for the current year.

Lamb Weston Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 1st will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date of this dividend is Friday, November 1st. Lamb Weston’s payout ratio is 19.23%.

Wall Street Analyst Weigh In

LW has been the subject of a number of recent analyst reports. TD Cowen upped their price target on shares of Lamb Weston from $61.00 to $65.00 and gave the stock a “hold” rating in a report on Tuesday, September 24th. Barclays increased 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. Citigroup increased their price objective on shares of Lamb Weston from $76.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $68.00 price objective (up from $63.00) on shares of Lamb Weston in a research report on Monday, October 7th. Finally, The Goldman Sachs Group reduced their price target on shares of Lamb Weston from $132.00 to $78.00 and set a “buy” rating for the company in a report on Thursday, July 25th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $80.56.

Insider Buying and Selling at Lamb Weston

In other Lamb Weston news, Director William G. Jurgensen purchased 10,000 shares of the stock in a transaction dated Friday, July 26th. The shares were bought at an average price of $55.43 per share, with a total value of $554,300.00. Following the completion of the transaction, the director now directly owns 173,377 shares in the company, valued at approximately $9,610,287.11. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.66% of the company’s stock.

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.