Goodman Financial Corp Makes New Investment in Lamb Weston Holdings, Inc. (NYSE:LW)

Goodman Financial Corp bought a new position in shares of Lamb Weston Holdings, Inc. (NYSE:LW) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 221,410 shares of the specialty retailer’s stock, valued at approximately $14,335,000. Lamb Weston makes up about 3.2% of Goodman Financial Corp’s holdings, making the stock its 12th biggest holding. Goodman Financial Corp owned 0.16% of Lamb Weston as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of LW. City State Bank increased its holdings in Lamb Weston by 56.2% during the third 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. EntryPoint Capital LLC bought a new position in shares of Lamb Weston during the 1st quarter valued at approximately $28,000. Crewe Advisors LLC increased its stake in shares of Lamb Weston by 357.5% during 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 during the last quarter. Northwest Investment Counselors LLC bought a new stake in shares of Lamb Weston in the 3rd quarter worth approximately $29,000. Finally, GAMMA Investing LLC lifted its stake in Lamb Weston by 135.8% in the second quarter. GAMMA Investing LLC now owns 382 shares of the specialty retailer’s stock valued at $32,000 after purchasing an additional 220 shares during the last quarter. 89.56% of the stock is owned by institutional investors.

Lamb Weston Trading Down 0.2 %

Shares of LW stock opened at $76.78 on Tuesday. The business has a 50-day moving average of $73.35 and a 200 day moving average of $73.82. 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 stock has a market capitalization of $10.95 billion, a PE ratio of 18.02, a P/E/G ratio of 1.38 and a beta of 0.72.

Lamb Weston (NYSE:LW) last released its quarterly earnings data on Tuesday, October 1st. The specialty retailer reported $0.73 earnings per share 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 during the quarter, compared to analyst estimates of $1.55 billion. During the same quarter in the prior year, the firm posted $1.63 earnings per share. The business’s quarterly revenue was down .7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Lamb Weston Holdings, Inc. will post 4.26 earnings per share for the current year.

Lamb Weston Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 1st will be given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date is Friday, November 1st. Lamb Weston’s payout ratio is 33.80%.

Analysts Set New Price Targets

Several brokerages have issued reports on LW. Stifel Nicolaus boosted their target price on Lamb Weston from $65.00 to $80.00 and gave the company a “hold” rating in a research note on Friday, October 25th. Wells Fargo & Company boosted their price objective on Lamb Weston from $70.00 to $77.00 and gave the company an “overweight” rating in a research note on Thursday, October 3rd. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $68.00 target price (up previously from $63.00) on shares of Lamb Weston in a research report on Monday, October 7th. TD Cowen boosted their price target on shares of Lamb Weston from $61.00 to $65.00 and gave the company a “hold” rating in a research report on Tuesday, September 24th. Finally, Barclays upped their price target on shares of Lamb Weston from $70.00 to $74.00 and gave the company an “overweight” rating in a research note on Friday, October 4th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Lamb Weston has an average rating of “Hold” and a consensus price target of $82.22.

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.