Robert A. Niblock Acquires 3,000 Shares of Lamb Weston Holdings, Inc. (NYSE:LW) Stock

Lamb Weston Holdings, Inc. (NYSE:LW) Director Robert A. Niblock acquired 3,000 shares of the business’s stock in a transaction that occurred on Monday, January 13th. The stock was acquired 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 in the company, valued at $1,609,181.64. This trade represents a 12.82 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Lamb Weston Stock Performance

LW opened at $59.15 on Thursday. Lamb Weston Holdings, Inc. has a 12-month low of $52.99 and a 12-month high of $110.61. The company has a current ratio of 1.19, a quick ratio of 0.54 and a debt-to-equity ratio of 1.87. The firm has a market capitalization of $8.44 billion, a PE ratio of 13.88, a P/E/G ratio of 1.42 and a beta of 0.73. The firm has a 50 day moving average of $72.14 and a two-hundred day moving average of $69.73.

Lamb Weston (NYSE:LW) last announced its earnings results on Thursday, December 19th. The specialty retailer reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.01 by ($0.35). Lamb Weston had a return on equity of 34.33% and a net margin of 9.57%. The business had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.67 billion. During the same period last year, the firm earned $1.45 EPS. The company’s revenue for the quarter was down 7.5% compared to the same quarter last year. On average, analysts anticipate that Lamb Weston Holdings, Inc. will post 4.26 EPS for the current 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 issued a $0.37 dividend. This is a boost from Lamb Weston’s previous quarterly dividend of $0.36. The ex-dividend date is Friday, January 31st. This represents a $1.48 annualized dividend and a yield of 2.50%. Lamb Weston’s dividend payout ratio (DPR) is 58.50%.

Analyst Ratings Changes

Several research firms have recently weighed in on LW. Stifel Nicolaus lowered their price objective on shares of Lamb Weston from $80.00 to $68.00 and set a “hold” rating on the stock in a research report on Friday, December 20th. Jefferies Financial Group lifted their target price on shares of Lamb Weston from $80.00 to $95.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. Wells Fargo & Company boosted their price objective on shares of Lamb Weston from $70.00 to $77.00 and gave the company an “overweight” rating in a research report on Thursday, October 3rd. Citigroup lowered shares of Lamb Weston from a “buy” rating to a “neutral” rating and cut their target price for the company from $90.00 to $68.00 in a research note on Friday, December 20th. Finally, Bank of America lifted their target price on shares of Lamb Weston from $68.00 to $80.00 and gave the company a “neutral” rating in a research note on Monday, October 21st. Eight analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $81.00.

Hedge Funds Weigh In On Lamb Weston

Several hedge funds have recently added to or reduced their stakes in the stock. City State Bank grew its position in Lamb Weston by 56.2% in the 3rd quarter. City State Bank now owns 417 shares of the specialty retailer’s stock valued at $27,000 after buying an additional 150 shares during the last quarter. Northwest Investment Counselors LLC acquired a new position in Lamb Weston in the 3rd quarter valued at about $29,000. West Oak Capital LLC grew its holdings in Lamb Weston by 155.7% in the 4th quarter. West Oak Capital LLC now owns 450 shares of the specialty retailer’s stock valued at $30,000 after buying an additional 274 shares during the period. Riverview Trust Co purchased a new stake in Lamb Weston in the 3rd quarter valued at about $35,000. Finally, CVA Family Office LLC grew its holdings in shares of Lamb Weston by 143.8% during the 3rd quarter. CVA Family Office LLC now owns 573 shares of the specialty retailer’s stock worth $37,000 after purchasing an additional 338 shares during the period. 89.56% of the stock is currently owned by hedge funds and other institutional investors.

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.