IFP Advisors Inc Has $111,000 Position in Lamb Weston $LW

IFP Advisors Inc lifted its holdings in shares of Lamb Weston (NYSE:LW) by 14.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,138 shares of the specialty retailer’s stock after purchasing an additional 271 shares during the quarter. IFP Advisors Inc’s holdings in Lamb Weston were worth $111,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. American National Bank & Trust acquired a new stake in shares of Lamb Weston during the second quarter worth about $25,000. Wayfinding Financial LLC acquired a new stake in shares of Lamb Weston during the first quarter worth about $28,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of Lamb Weston during the first quarter worth about $28,000. ST Germain D J Co. Inc. raised its position in shares of 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 during the period. Finally, Ameriflex Group Inc. raised its position in shares of 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 during the period. Institutional investors and hedge funds own 89.56% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on LW. Cowen reissued a “hold” rating on shares of Lamb Weston in a research report on Wednesday, October 1st. JPMorgan Chase & Co. began coverage on Lamb Weston in a research report on Wednesday, August 20th. They issued a “neutral” rating and a $57.00 target price on the stock. Sanford C. Bernstein set a $65.00 target price on Lamb Weston and gave the company a “market perform” rating in a research report on Wednesday, October 1st. Barclays lifted their target price on Lamb Weston from $61.00 to $68.00 and gave the company an “overweight” rating in a research report on Friday, July 25th. Finally, Cfra Research raised Lamb Weston to a “hold” rating in a research report on Thursday, October 2nd. Four research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $65.70.

Lamb Weston Stock Up 0.1%

NYSE:LW opened at $65.02 on Friday. The firm has a market capitalization 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 has a twelve month low of $47.87 and a twelve month high of $83.98. The stock’s 50 day moving average price is $57.82 and its two-hundred day moving average price is $54.96. The company has a quick ratio of 0.77, a current ratio of 1.49 and a debt-to-equity ratio of 2.05.

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

Lamb Weston Dividend Announcement

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