Lamb Weston $LW Shares Sold by Praxis Investment Management Inc.

Praxis Investment Management Inc. decreased its holdings in shares of Lamb Weston (NYSE:LW) by 29.2% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 5,740 shares of the specialty retailer’s stock after selling 2,370 shares during the quarter. Praxis Investment Management Inc.’s holdings in Lamb Weston were worth $298,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in LW. American National Bank & Trust acquired a new stake in shares of Lamb Weston during the second quarter worth about $25,000. Wayfinding Financial LLC purchased a new position in Lamb Weston during the first quarter worth about $28,000. MJT & Associates Financial Advisory Group Inc. purchased a new position in Lamb Weston during the first quarter worth about $28,000. ST Germain D J Co. Inc. raised its holdings in Lamb Weston by 64.2% during the second quarter. ST Germain D J Co. Inc. now owns 537 shares of the specialty retailer’s stock worth $28,000 after purchasing an additional 210 shares in the last quarter. Finally, Ameriflex Group Inc. raised its holdings in Lamb Weston by 407.7% during the second quarter. Ameriflex Group Inc. now owns 594 shares of the specialty retailer’s stock worth $32,000 after purchasing an additional 477 shares in the last quarter. Institutional investors and hedge funds own 89.56% of the company’s stock.

Analyst Ratings Changes

LW has been the subject of a number of research analyst reports. Barclays increased their target price on shares of Lamb Weston from $61.00 to $68.00 and gave the company an “overweight” rating in a report on Friday, July 25th. BNP Paribas Exane increased their target price on shares of Lamb Weston from $64.00 to $66.00 and gave the company an “outperform” rating in a report on Wednesday, October 1st. Wells Fargo & Company increased their target price on shares of Lamb Weston from $66.00 to $68.00 and gave the company an “overweight” rating in a report on Wednesday, October 1st. Deutsche Bank Aktiengesellschaft increased their target price on shares of Lamb Weston from $59.00 to $61.00 and gave the company a “hold” rating in a report on Wednesday, October 1st. Finally, Bank of America increased their target price on shares of Lamb Weston from $60.00 to $66.00 and gave the company a “neutral” rating in a report on Wednesday, October 1st. Four equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Lamb Weston presently has a consensus rating of “Hold” and a consensus price target of $65.70.

Lamb Weston Trading Up 0.1%

Shares of LW opened at $65.02 on Friday. The company has a debt-to-equity ratio of 2.05, a current ratio of 1.49 and a quick ratio of 0.77. The firm has a 50 day simple moving average of $57.82 and a 200-day simple moving average of $54.96. Lamb Weston has a 1-year low of $47.87 and a 1-year high of $83.98. The stock has a market cap of $9.06 billion, a price-to-earnings ratio of 31.11, a price-to-earnings-growth ratio of 4.31 and a beta of 0.52.

Lamb Weston (NYSE:LW) last released its earnings results on Thursday, August 24th. The specialty retailer reported $0.64 EPS for the quarter. The firm had revenue of $1.15 billion during the quarter. Lamb Weston had a net margin of 4.56% and a return on equity of 28.08%. Equities analysts forecast that Lamb Weston will post 3.1 EPS for the current fiscal year.

Lamb Weston Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 28th. Shareholders of record on Friday, October 31st will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Friday, October 31st. Lamb Weston’s payout ratio is presently 70.81%.

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.