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

Goodman Financial Corp acquired a new position in Lamb Weston Holdings, Inc. (NYSE:LW) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 221,410 shares of the specialty retailer’s stock, valued at approximately $14,335,000. Lamb Weston makes up 3.2% of Goodman Financial Corp’s investment portfolio, making the stock its 12th biggest position.

Other institutional investors and hedge funds have also recently modified their holdings of the company. EntryPoint Capital LLC bought a new position in shares of Lamb Weston in the 1st quarter worth about $28,000. 1832 Asset Management L.P. bought a new position in shares of Lamb Weston during the first quarter valued at approximately $210,000. Price T Rowe Associates Inc. MD lifted its holdings in shares of Lamb Weston by 0.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 195,836 shares of the specialty retailer’s stock valued at $20,863,000 after purchasing an additional 1,400 shares during the last quarter. Mount Yale Investment Advisors LLC purchased a new position in Lamb Weston during the first quarter valued at $233,000. Finally, B. Riley Wealth Advisors Inc. boosted its stake in Lamb Weston by 135.0% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 7,918 shares of the specialty retailer’s stock worth $844,000 after purchasing an additional 4,549 shares in the last quarter. 89.56% of the stock is owned by hedge funds and other institutional investors.

Lamb Weston Trading Down 0.2 %

Lamb Weston stock opened at $76.78 on Tuesday. Lamb Weston Holdings, Inc. has a 52-week low of $52.99 and a 52-week high of $111.88. The company has a market cap of $10.95 billion, a P/E ratio of 18.02, a P/E/G ratio of 1.38 and a beta of 0.72. The company has a quick ratio of 0.54, a current ratio of 1.19 and a debt-to-equity ratio of 1.87. The business has a 50-day simple moving average of $73.35 and a two-hundred day simple moving average of $73.82.

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 the consensus estimate of $0.72 by $0.01. The company had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.55 billion. Lamb Weston had a net margin of 9.57% and a return on equity of 34.33%. The firm’s quarterly revenue was down .7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.63 earnings per share. Analysts predict that Lamb Weston Holdings, Inc. will post 4.26 EPS for the current year.

Lamb Weston Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 1st will be given a dividend of $0.36 per share. The ex-dividend date is Friday, November 1st. This represents a $1.44 annualized dividend and a yield of 1.88%. Lamb Weston’s dividend payout ratio (DPR) is presently 33.80%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on LW shares. Wells Fargo & Company increased their price target on shares of Lamb Weston from $70.00 to $77.00 and gave the company an “overweight” rating in a report on Thursday, October 3rd. Bank of America boosted their price target on Lamb Weston from $68.00 to $80.00 and gave the stock a “neutral” rating in a research note on Monday, October 21st. TD Cowen increased their price objective on Lamb Weston from $61.00 to $65.00 and gave the company a “hold” rating in a research report on Tuesday, September 24th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $68.00 target price (up previously from $63.00) on shares of Lamb Weston in a research report on Monday, October 7th. Finally, Barclays raised their price target 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. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $82.22.

About Lamb Weston

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.