Elite Wealth Management Inc. Has $1.33 Million Holdings in Lamb Weston Holdings, Inc. (NYSE:LW)

Elite Wealth Management Inc. decreased its holdings in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 33.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,592 shares of the specialty retailer’s stock after selling 10,200 shares during the quarter. Lamb Weston comprises approximately 0.2% of Elite Wealth Management Inc.’s investment portfolio, making the stock its 22nd biggest holding. Elite Wealth Management Inc.’s holdings in Lamb Weston were worth $1,333,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Clarkston Capital Partners LLC lifted its stake in shares of Lamb Weston by 108.7% in the 3rd quarter. Clarkston Capital Partners LLC now owns 3,107,929 shares of the specialty retailer’s stock valued at $201,207,000 after purchasing an additional 1,618,570 shares during the period. Massachusetts Financial Services Co. MA bought a new stake in Lamb Weston in the third quarter valued at about $86,883,000. TPG GP A LLC lifted its stake in Lamb Weston by 74.4% in the second quarter. TPG GP A LLC now owns 2,924,230 shares of the specialty retailer’s stock valued at $245,869,000 after buying an additional 1,247,206 shares during the period. Marshall Wace LLP lifted its stake in Lamb Weston by 78.5% in the second quarter. Marshall Wace LLP now owns 1,888,556 shares of the specialty retailer’s stock valued at $158,790,000 after buying an additional 830,511 shares during the period. Finally, Thompson Siegel & Walmsley LLC bought a new position in Lamb Weston during the third quarter worth about $38,382,000. 89.56% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Bank of America upped their price target on Lamb Weston from $68.00 to $80.00 and gave the company a “neutral” rating in a research note on Monday, October 21st. Barclays increased their target price on shares of Lamb Weston from $70.00 to $74.00 and gave the stock an “overweight” rating in a report on Friday, October 4th. Stifel Nicolaus boosted their price target on shares of Lamb Weston from $65.00 to $80.00 and gave the company a “hold” rating in a report on Friday, October 25th. TD Cowen raised 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. Finally, 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. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Lamb Weston has an average rating of “Hold” and a consensus target price of $82.22.

Lamb Weston Price Performance

LW stock opened at $76.71 on Thursday. The stock has a 50-day moving average price of $73.79 and a two-hundred day moving average price of $73.78. 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 cap of $10.94 billion, a PE ratio of 18.01, a price-to-earnings-growth ratio of 1.37 and a beta of 0.72. 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 (NYSE:LW) last posted its quarterly earnings data on Tuesday, October 1st. The specialty retailer reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.01. The business had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.55 billion. Lamb Weston had a return on equity of 34.33% and a net margin of 9.57%. Lamb Weston’s quarterly revenue was down .7% on a year-over-year basis. During the same period last year, the company earned $1.63 earnings per share. Equities analysts forecast that Lamb Weston Holdings, Inc. will post 4.26 EPS for the current fiscal year.

Lamb Weston Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Stockholders 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 of this dividend is Friday, November 1st. Lamb Weston’s dividend payout ratio is presently 33.80%.

Lamb Weston 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.