Teachers Retirement System of The State of Kentucky Cuts Stock Position in Lamb Weston Holdings, Inc. (NYSE:LW)

Teachers Retirement System of The State of Kentucky trimmed its holdings in Lamb Weston Holdings, Inc. (NYSE:LW) by 6.2% during the 3rd quarter, Holdings Channel.com reports. The fund owned 10,752 shares of the specialty retailer’s stock after selling 709 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Lamb Weston were worth $696,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in LW. Toronto Dominion Bank lifted its holdings in shares of Lamb Weston by 49.5% in the third quarter. Toronto Dominion Bank now owns 65,331 shares of the specialty retailer’s stock worth $4,230,000 after buying an additional 21,639 shares in the last quarter. Coldstream Capital Management Inc. grew its stake in Lamb Weston by 5.4% during the third quarter. Coldstream Capital Management Inc. now owns 3,649 shares of the specialty retailer’s stock valued at $241,000 after acquiring an additional 186 shares in the last quarter. Geode Capital Management LLC increased its holdings in Lamb Weston by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 3,388,056 shares of the specialty retailer’s stock valued at $218,598,000 after acquiring an additional 24,097 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its stake in Lamb Weston by 14.0% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 43,449 shares of the specialty retailer’s stock worth $2,813,000 after purchasing an additional 5,349 shares in the last quarter. Finally, MML Investors Services LLC boosted its holdings in shares of Lamb Weston by 9.5% during the 3rd quarter. MML Investors Services LLC now owns 35,181 shares of the specialty retailer’s stock valued at $2,278,000 after purchasing an additional 3,061 shares during the last quarter. Institutional investors own 89.56% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on LW. Wells Fargo & Company lifted their target price on Lamb Weston from $70.00 to $77.00 and gave the stock an “overweight” rating in a report on Thursday, October 3rd. TD Cowen lifted their price objective on Lamb Weston from $61.00 to $65.00 and gave the stock a “hold” rating in a research note on Tuesday, September 24th. Bank of America upped 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. JPMorgan Chase & Co. raised their target price on shares of Lamb Weston from $68.00 to $78.00 and gave the company a “neutral” rating in a report on Monday. Finally, Sanford C. Bernstein assumed coverage on shares of Lamb Weston in a research note on Tuesday, December 3rd. They set a “market perform” rating and a $85.00 price target on the stock. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $84.25.

Lamb Weston Stock Performance

Shares of NYSE:LW opened at $78.22 on Thursday. 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 12 month low of $52.99 and a 12 month high of $111.88. The company has a market capitalization of $11.15 billion, a price-to-earnings ratio of 18.36, a PEG ratio of 1.34 and a beta of 0.70. The firm’s 50-day moving average is $76.96 and its 200 day moving average is $72.79.

Lamb Weston (NYSE:LW) last released its earnings results on Tuesday, October 1st. The specialty retailer reported $0.73 EPS for the quarter, beating 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 firm had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.55 billion. During the same quarter in the prior year, the firm posted $1.63 earnings per share. The company’s quarterly revenue was down .7% on a year-over-year basis. Research analysts predict that Lamb Weston Holdings, Inc. will post 4.26 EPS for the current year.

Lamb Weston Dividend Announcement

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

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.