D.A. Davidson & CO. Purchases 10,594 Shares of Lamb Weston Holdings, Inc. (NYSE:LW)

D.A. Davidson & CO. boosted its stake in Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) by 18.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 69,300 shares of the specialty retailer's stock after purchasing an additional 10,594 shares during the period. D.A. Davidson & CO.'s holdings in Lamb Weston were worth $4,631,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. HB Wealth Management LLC lifted its stake in shares of Lamb Weston by 6.5% in the 4th quarter. HB Wealth Management LLC now owns 13,343 shares of the specialty retailer's stock valued at $892,000 after acquiring an additional 817 shares during the last quarter. Nicola Wealth Management LTD. bought a new position in Lamb Weston in the third quarter valued at about $6,474,000. Clarkston Capital Partners LLC boosted its stake in shares of Lamb Weston by 108.7% during the third 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 in the last quarter. Insight Wealth Strategies LLC grew its holdings in shares of Lamb Weston by 36.0% during the fourth quarter. Insight Wealth Strategies LLC now owns 61,950 shares of the specialty retailer's stock worth $4,140,000 after purchasing an additional 16,412 shares during the last quarter. Finally, Citigroup Inc. increased its stake in shares of Lamb Weston by 39.3% in the third quarter. Citigroup Inc. now owns 156,242 shares of the specialty retailer's stock valued at $10,115,000 after buying an additional 44,057 shares during the period. Institutional investors and hedge funds own 89.56% of the company's stock.

Insider Buying and Selling at Lamb Weston

In other Lamb Weston news, Director Robert A. Niblock bought 3,000 shares of the business's stock in a transaction dated Monday, January 13th. The shares were purchased at an average price of $60.94 per share, for a total transaction of $182,820.00. Following the purchase, the director now directly owns 26,406 shares of the company's stock, valued at approximately $1,609,181.64. This represents a 12.82 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Charles A. Blixt purchased 1,200 shares of the company's stock in a transaction that occurred on Monday, December 23rd. The shares were acquired at an average price of $63.25 per share, for a total transaction of $75,900.00. Following the completion of the acquisition, the director now directly owns 22,982 shares of the company's stock, valued at $1,453,611.50. This trade represents a 5.51 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.72% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently commented on LW shares. Citigroup downgraded shares of Lamb Weston from a "buy" rating to a "neutral" rating and cut their target price for the stock from $90.00 to $68.00 in a research report on Friday, December 20th. Barclays reduced their price objective on shares of Lamb Weston from $87.00 to $69.00 and set an "overweight" rating on the stock in a research note on Monday, December 23rd. Sanford C. Bernstein began coverage on Lamb Weston in a research report on Tuesday, December 3rd. They set a "market perform" rating and a $85.00 target price for the company. JPMorgan Chase & Co. lifted their target price on Lamb Weston from $68.00 to $78.00 and gave the stock a "neutral" rating in a report on Monday, December 16th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Lamb Weston in a research note on Thursday, December 12th. They issued a "hold" rating and a $81.00 price target for the company. Eight research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $81.00.

Lamb Weston Trading Down 1.6 %

Shares of LW stock traded down $0.93 during trading hours on Friday, hitting $55.89. 768,468 shares of the company were exchanged, compared to its average volume of 2,205,130. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.53 and a current ratio of 1.35. Lamb Weston Holdings, Inc. has a fifty-two week low of $52.99 and a fifty-two week high of $107.50. The company has a 50 day simple moving average of $62.68 and a two-hundred day simple moving average of $67.40. The firm has a market cap of $7.97 billion, a P/E ratio of 22.13, a P/E/G ratio of 1.41 and a beta of 0.72.

Lamb Weston (NYSE:LW - Get Free Report) last issued its earnings results on Thursday, December 19th. The specialty retailer reported $0.66 EPS for the quarter, missing analysts' consensus estimates of $1.01 by ($0.35). Lamb Weston had a net margin of 5.80% and a return on equity of 27.82%. The firm had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.67 billion. During the same period in the previous year, the firm earned $1.45 earnings per share. The business's quarterly revenue was down 7.5% on a year-over-year basis. Equities analysts anticipate that Lamb Weston Holdings, Inc. will post 3.1 EPS for the current year.

Lamb Weston Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, January 31st will be issued a dividend of $0.37 per share. This is a boost from Lamb Weston's previous quarterly dividend of $0.36. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.65%. The ex-dividend date is Friday, January 31st. Lamb Weston's dividend payout ratio (DPR) is currently 58.50%.

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.