Praxis Investment Management Inc. Cuts Position in Lamb Weston $LW

Praxis Investment Management Inc. decreased its position in Lamb Weston (NYSE:LW) by 29.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,740 shares of the specialty retailer’s stock after selling 2,370 shares during the quarter. Praxis Investment Management Inc.’s holdings in Lamb Weston were worth $298,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. American National Bank & Trust purchased a new stake in Lamb Weston in the second quarter valued at approximately $25,000. Wayfinding Financial LLC purchased a new stake in Lamb Weston in the first quarter valued at approximately $28,000. MJT & Associates Financial Advisory Group Inc. purchased a new stake in Lamb Weston in the first quarter valued at approximately $28,000. ST Germain D J Co. Inc. grew its stake in shares of Lamb Weston by 64.2% in the second quarter. ST Germain D J Co. Inc. now owns 537 shares of the specialty retailer’s stock worth $28,000 after acquiring an additional 210 shares in the last quarter. Finally, Ameriflex Group Inc. grew its stake in shares of Lamb Weston by 407.7% in the second quarter. Ameriflex Group Inc. now owns 594 shares of the specialty retailer’s stock worth $32,000 after acquiring an additional 477 shares in the last quarter. Hedge funds and other institutional investors own 89.56% of the company’s stock.

Lamb Weston Stock Performance

NYSE:LW opened at $65.02 on Friday. The firm has a market capitalization of $9.06 billion, a PE ratio of 31.11, a price-to-earnings-growth ratio of 4.31 and a beta of 0.52. The business’s fifty day moving average price is $57.82 and its 200 day moving average price is $54.96. The company has a debt-to-equity ratio of 2.05, a current ratio of 1.49 and a quick ratio of 0.77. Lamb Weston has a 12 month low of $47.87 and a 12 month high of $83.98.

Lamb Weston (NYSE:LW) last released its quarterly earnings data on Thursday, August 24th. The specialty retailer reported $0.64 earnings per share (EPS) for the quarter. Lamb Weston had a net margin of 4.56% and a return on equity of 28.08%. The company had revenue of $1.15 billion during the quarter. On average, sell-side analysts anticipate that Lamb Weston will post 3.1 earnings per share for the current fiscal year.

Lamb Weston Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 28th. Shareholders of record on Friday, October 31st will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 2.3%. The ex-dividend date is Friday, October 31st. Lamb Weston’s dividend payout ratio is currently 70.81%.

Analysts Set New Price Targets

Several equities analysts have commented on LW shares. Cowen restated a “hold” rating on shares of Lamb Weston in a research note on Wednesday, October 1st. BNP Paribas Exane boosted their price target on shares of Lamb Weston from $64.00 to $66.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 1st. Bank of America boosted their price target on shares of Lamb Weston from $60.00 to $66.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 1st. Cfra Research upgraded shares of Lamb Weston to a “hold” rating in a research note on Thursday, October 2nd. Finally, Barclays boosted their price target on shares of Lamb Weston from $61.00 to $68.00 and gave the stock an “overweight” rating in a research note on Friday, July 25th. Four analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $65.70.

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.