Lamb Weston Holdings, Inc. (NYSE:LW) Director Acquires $182,820.00 in Stock

Lamb Weston Holdings, Inc. (NYSE:LWGet Free Report) Director Robert A. Niblock bought 3,000 shares of Lamb Weston stock in a transaction dated Monday, January 13th. The shares were bought at an average cost of $60.94 per share, with a total value of $182,820.00. Following the completion of the acquisition, the director now owns 26,406 shares of the company’s stock, valued at $1,609,181.64. The trade was a 12.82 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Lamb Weston Trading Down 1.1 %

Shares of LW stock opened at $59.15 on Thursday. The stock’s fifty day moving average price is $72.14 and its two-hundred day moving average price is $69.73. The company has a market cap of $8.44 billion, a PE ratio of 13.88, a P/E/G ratio of 1.42 and a beta of 0.73. Lamb Weston Holdings, Inc. has a fifty-two week low of $52.99 and a fifty-two week high of $110.61. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.54 and a current ratio of 1.19.

Lamb Weston (NYSE:LWGet Free Report) last announced its earnings results on Thursday, December 19th. The specialty retailer reported $0.66 EPS for the quarter, missing the consensus estimate of $1.01 by ($0.35). The company had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.67 billion. Lamb Weston had a return on equity of 34.33% and a net margin of 9.57%. The firm’s quarterly revenue was down 7.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.45 earnings per share. Equities analysts predict that Lamb Weston Holdings, Inc. will post 4.26 EPS for the current fiscal year.

Lamb Weston Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, January 31st will be given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 2.50%. This is a positive change from Lamb Weston’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Friday, January 31st. Lamb Weston’s payout ratio is presently 58.50%.

Hedge Funds Weigh In On Lamb Weston

A number of hedge funds have recently added to or reduced their stakes in the stock. City State Bank boosted its stake in Lamb Weston by 56.2% during the 3rd quarter. City State Bank now owns 417 shares of the specialty retailer’s stock valued at $27,000 after purchasing an additional 150 shares during the last quarter. Kornitzer Capital Management Inc. KS lifted its stake in Lamb Weston by 0.8% in the third quarter. Kornitzer Capital Management Inc. KS now owns 18,756 shares of the specialty retailer’s stock valued at $1,214,000 after purchasing an additional 156 shares during the last quarter. Bridges Investment Management Inc. lifted its stake in Lamb Weston by 2.8% in the third quarter. Bridges Investment Management Inc. now owns 6,648 shares of the specialty retailer’s stock valued at $430,000 after purchasing an additional 181 shares during the last quarter. Coldstream Capital Management Inc. lifted its stake in Lamb Weston by 5.4% in the third quarter. Coldstream Capital Management Inc. now owns 3,649 shares of the specialty retailer’s stock valued at $241,000 after purchasing an additional 186 shares during the last quarter. Finally, Fulton Bank N.A. raised its holdings in Lamb Weston by 4.6% during the 3rd quarter. Fulton Bank N.A. now owns 4,592 shares of the specialty retailer’s stock valued at $297,000 after acquiring an additional 201 shares during the period. Institutional investors and hedge funds own 89.56% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on LW shares. Jefferies Financial Group upped their target price on Lamb Weston from $80.00 to $95.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. Citigroup downgraded Lamb Weston from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $90.00 to $68.00 in a research report on Friday, December 20th. Wells Fargo & Company raised their target price on Lamb Weston from $70.00 to $77.00 and gave the stock an “overweight” rating in a research report on Thursday, October 3rd. Stifel Nicolaus cut their target price on Lamb Weston from $80.00 to $68.00 and set a “hold” rating for the company in a research report on Friday, December 20th. Finally, Barclays cut their price objective on Lamb Weston from $87.00 to $69.00 and set an “overweight” rating for the company in a research report on Monday, December 23rd. Eight equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Lamb Weston presently has a consensus rating of “Hold” and an average price target of $81.00.

View Our Latest Analysis on LW

About Lamb Weston

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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.

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