Victory Capital Management Inc. increased its holdings in Lamb Weston Holdings Inc. (NYSE:LW) by 9.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 293,714 shares of the specialty retailer’s stock after acquiring an additional 26,075 shares during the period. Victory Capital Management Inc. owned about 0.20% of Lamb Weston Holdings worth $13,773,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of LW. Prudential Financial Inc. increased its stake in Lamb Weston Holdings by 11.7% in the 2nd quarter. Prudential Financial Inc. now owns 1,065,420 shares of the specialty retailer’s stock valued at $46,922,000 after buying an additional 111,876 shares during the last quarter. Evercore Wealth Management LLC increased its stake in Lamb Weston Holdings by 12.5% in the 2nd quarter. Evercore Wealth Management LLC now owns 842,035 shares of the specialty retailer’s stock valued at $37,083,000 after buying an additional 93,852 shares during the last quarter. GAM Holding AG increased its stake in Lamb Weston Holdings by 7.2% in the 2nd quarter. GAM Holding AG now owns 58,159 shares of the specialty retailer’s stock valued at $2,561,000 after buying an additional 3,916 shares during the last quarter. Amalgamated Bank increased its stake in Lamb Weston Holdings by 171.2% in the 2nd quarter. Amalgamated Bank now owns 28,776 shares of the specialty retailer’s stock valued at $1,267,000 after buying an additional 18,167 shares during the last quarter. Finally, Legal & General Group Plc increased its stake in Lamb Weston Holdings by 3.2% in the 2nd quarter. Legal & General Group Plc now owns 647,274 shares of the specialty retailer’s stock valued at $28,507,000 after buying an additional 19,837 shares during the last quarter. Institutional investors own 79.78% of the company’s stock.

Lamb Weston Holdings Inc. (LW) opened at $52.78 on Tuesday. The company has a market cap of $7,596.40 and a P/E ratio of 22.59. Lamb Weston Holdings Inc. has a fifty-two week low of $28.75 and a fifty-two week high of $52.85. The company has a quick ratio of 0.67, a current ratio of 1.62 and a debt-to-equity ratio of -4.10.

Lamb Weston Holdings (NYSE:LW) last released its quarterly earnings data on Wednesday, October 4th. The specialty retailer reported $0.57 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.07. The company had revenue of $817.50 million during the quarter, compared to the consensus estimate of $795.61 million. Lamb Weston Holdings had a net margin of 10.31% and a negative return on equity of 50.81%. The firm’s revenue for the quarter was up 5.3% on a year-over-year basis. analysts predict that Lamb Weston Holdings Inc. will post 2.36 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Friday, November 3rd will be issued a $0.1875 dividend. This represents a $0.75 annualized dividend and a yield of 1.42%. The ex-dividend date of this dividend is Thursday, November 2nd. Lamb Weston Holdings’s dividend payout ratio (DPR) is presently 33.63%.

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Several equities research analysts have commented on the stock. Jefferies Group LLC reiterated a “buy” rating and issued a $53.00 price objective on shares of Lamb Weston Holdings in a research note on Monday, September 25th. Bank of America Corporation increased their price objective on shares of Lamb Weston Holdings from $52.00 to $57.00 and gave the company a “buy” rating in a research note on Monday, November 6th. Zacks Investment Research downgraded shares of Lamb Weston Holdings from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Finally, Morgan Stanley reissued an “equal weight” rating and set a $46.00 target price (up from $45.00) on shares of Lamb Weston Holdings in a research report on Wednesday, July 26th. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Lamb Weston Holdings presently has an average rating of “Buy” and a consensus target price of $50.63.

Lamb Weston Holdings Profile

Lamb Weston Holdings, Inc (Lamb Weston), is a supplier of frozen potato, sweet potato, appetizer and vegetable products to restaurants and retailers around the world. The Company’s segments include Global, Foodservice, Retail and Other. The Global segment includes operations associated with Lamb Weston’s business with large chain restaurant customers, whether those results are generated in the United States or abroad, as well as operations associated with retail and foodservice customers located outside of the United States and Canada.

Institutional Ownership by Quarter for Lamb Weston Holdings (NYSE:LW)

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