Arvin Capital Management LP Cuts Stake in Lamb Weston Holdings, Inc. (NYSE:LW)

Arvin Capital Management LP decreased its holdings in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 71.6% during the third quarter, according to its most recent filing with the SEC. The firm owned 90,000 shares of the specialty retailer’s stock after selling 226,413 shares during the period. Lamb Weston accounts for about 1.9% of Arvin Capital Management LP’s portfolio, making the stock its 21st largest position. Arvin Capital Management LP’s holdings in Lamb Weston were worth $5,827,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. City State Bank grew its position in shares of Lamb Weston by 56.2% in the 3rd quarter. City State Bank now owns 417 shares of the specialty retailer’s stock worth $27,000 after buying an additional 150 shares during the last quarter. Crewe Advisors LLC grew its holdings in Lamb Weston by 357.5% in the second quarter. Crewe Advisors LLC now owns 334 shares of the specialty retailer’s stock worth $28,000 after purchasing an additional 261 shares during the last quarter. Northwest Investment Counselors LLC purchased a new position in Lamb Weston in the third quarter worth $29,000. GAMMA Investing LLC increased its position in shares of Lamb Weston by 135.8% during the second quarter. GAMMA Investing LLC now owns 382 shares of the specialty retailer’s stock worth $32,000 after purchasing an additional 220 shares in the last quarter. Finally, Riverview Trust Co purchased a new stake in shares of Lamb Weston during the 3rd quarter valued at $35,000. 89.56% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on LW shares. TD Cowen upped their target price on Lamb Weston from $61.00 to $65.00 and gave the company a “hold” rating in a research report on Tuesday, September 24th. Barclays boosted their price objective on shares of Lamb Weston from $70.00 to $74.00 and gave the company an “overweight” rating in a report on Friday, October 4th. Stifel Nicolaus raised their target price on Lamb Weston from $65.00 to $80.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. Citigroup lifted their target price on Lamb Weston from $76.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $68.00 price target (up previously from $63.00) on shares of Lamb Weston in a report on Monday, October 7th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Lamb Weston has a consensus rating of “Hold” and a consensus price target of $82.22.

Lamb Weston Stock Performance

LW opened at $77.24 on Monday. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.19 and a quick ratio of 0.54. Lamb Weston Holdings, Inc. has a 1 year low of $52.99 and a 1 year high of $111.88. The firm has a fifty day moving average price of $74.25 and a 200 day moving average price of $73.58. The stock has a market cap of $11.01 billion, a P/E ratio of 18.13, a P/E/G ratio of 1.38 and a beta of 0.72.

Lamb Weston (NYSE:LW) last announced its earnings results on Tuesday, October 1st. The specialty retailer reported $0.73 earnings per share (EPS) 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 analyst estimates of $1.55 billion. Lamb Weston had a return on equity of 34.33% and a net margin of 9.57%. The business’s revenue was down .7% on a year-over-year basis. During the same quarter last year, the firm posted $1.63 EPS. Equities research analysts anticipate that Lamb Weston Holdings, Inc. will post 4.26 earnings per share for the current year.

Lamb Weston Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 1st were paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date of this dividend was Friday, November 1st. Lamb Weston’s dividend payout ratio (DPR) is currently 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.