Victory Capital Management Inc. Sells 31,934 Shares of Lamb Weston Holdings, Inc. (NYSE:LW)

Victory Capital Management Inc. lowered its stake in Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) by 56.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,112 shares of the specialty retailer's stock after selling 31,934 shares during the quarter. Victory Capital Management Inc.'s holdings in Lamb Weston were worth $1,678,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. West Oak Capital LLC grew its stake in Lamb Weston by 155.7% during the 4th quarter. West Oak Capital LLC now owns 450 shares of the specialty retailer's stock valued at $30,000 after acquiring an additional 274 shares in the last quarter. Stonebridge Financial Group LLC purchased a new position in Lamb Weston during the 4th quarter valued at about $35,000. SBI Securities Co. Ltd. purchased a new position in Lamb Weston during the 4th quarter valued at about $36,000. Prospera Private Wealth LLC bought a new stake in shares of Lamb Weston in the 3rd quarter valued at approximately $39,000. Finally, Brooklyn Investment Group bought a new stake in shares of Lamb Weston in the 3rd quarter valued at approximately $40,000. Hedge funds and other institutional investors own 89.56% of the company's stock.

Insider Activity

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

Remove Ads

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on LW shares. Jefferies Financial Group boosted their price target on Lamb Weston from $80.00 to $95.00 and gave the company a "buy" rating in a research note on Tuesday, December 17th. Sanford C. Bernstein started coverage on Lamb Weston in a report on Tuesday, December 3rd. They issued a "market perform" rating and a $85.00 target price for the company. Barclays reduced their target price on Lamb Weston from $87.00 to $69.00 and set an "overweight" rating for the company in a report on Monday, December 23rd. JPMorgan Chase & Co. boosted 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, StockNews.com upgraded Lamb Weston to a "sell" rating in a report on Monday, February 24th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company. According to MarketBeat, Lamb Weston presently has a consensus rating of "Hold" and an average target price of $76.73.

Lamb Weston Stock Performance

Shares of LW stock traded up $0.41 during trading hours on Friday, reaching $53.16. 4,602,533 shares of the company's stock were exchanged, compared to its average volume of 2,741,346. Lamb Weston Holdings, Inc. has a fifty-two week low of $47.90 and a fifty-two week high of $107.50. The stock has a market capitalization of $7.58 billion, a P/E ratio of 21.01, a P/E/G ratio of 1.40 and a beta of 0.76. The business has a fifty day moving average price of $56.34 and a 200-day moving average price of $66.14. The company has a quick ratio of 0.53, a current ratio of 1.35 and a debt-to-equity ratio of 2.26.

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

Lamb Weston Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 2nd will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.78%. Lamb Weston's dividend payout ratio is presently 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.