Teachers Retirement System of The State of Kentucky Sells 709 Shares of Lamb Weston Holdings, Inc. (NYSE:LW)

Teachers Retirement System of The State of Kentucky trimmed its stake in Lamb Weston Holdings, Inc. (NYSE:LW) by 6.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,752 shares of the specialty retailer’s stock after selling 709 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Lamb Weston were worth $696,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Crewe Advisors LLC boosted its stake in Lamb Weston by 357.5% in the 2nd quarter. Crewe Advisors LLC now owns 334 shares of the specialty retailer’s stock worth $28,000 after purchasing an additional 261 shares in the last quarter. City State Bank increased its stake 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 purchasing an additional 150 shares in the last quarter. Family Firm Inc. purchased a new position in Lamb Weston in the second quarter worth about $36,000. Blue Trust Inc. lifted its stake in shares of Lamb Weston by 251.6% in the second quarter. Blue Trust Inc. now owns 436 shares of the specialty retailer’s stock worth $37,000 after buying an additional 312 shares in the last quarter. Finally, Northwest Investment Counselors LLC purchased a new stake in shares of Lamb Weston during the third quarter valued at approximately $29,000. 89.56% of the stock is owned by hedge funds and other institutional investors.

Lamb Weston Stock Down 5.0 %

LW opened at $78.22 on Thursday. The firm’s 50 day simple moving average is $76.96 and its two-hundred day simple moving average is $72.79. The company has a market capitalization of $11.15 billion, a PE ratio of 18.36, a PEG ratio of 1.34 and a beta of 0.70. Lamb Weston Holdings, Inc. has a 1-year low of $52.99 and a 1-year high of $111.88. 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 (NYSE:LW) last announced its earnings results on Tuesday, October 1st. The specialty retailer reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.01. Lamb Weston had a return on equity of 34.33% and a net margin of 9.57%. The company had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.55 billion. During the same period last year, the firm earned $1.63 EPS. Lamb Weston’s revenue for the quarter was down .7% compared to the same quarter last year. As a group, equities analysts forecast that Lamb Weston Holdings, Inc. will post 4.26 EPS for the current year.

Lamb Weston Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 1st were paid a dividend of $0.36 per share. The ex-dividend date was Friday, November 1st. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.84%. Lamb Weston’s dividend payout ratio (DPR) is presently 33.80%.

Analyst Ratings Changes

LW has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. boosted their price objective on shares of Lamb Weston from $68.00 to $78.00 and gave the stock a “neutral” rating in a report on Monday. Barclays boosted their price target on Lamb Weston from $70.00 to $74.00 and gave the stock an “overweight” rating in a research note on Friday, October 4th. Citigroup increased their price objective on Lamb Weston from $76.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Bank of America lifted their price objective on Lamb Weston from $68.00 to $80.00 and gave the stock a “neutral” rating in a report on Monday, October 21st. Finally, Sanford C. Bernstein began coverage on shares of Lamb Weston in a research note on Tuesday, December 3rd. They set a “market perform” rating and a $85.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Lamb Weston has a consensus rating of “Hold” and an average target price of $84.25.

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.