Lamb Weston Holdings, Inc. (NYSE:LW) Shares Sold by AdvisorNet Financial Inc

AdvisorNet Financial Inc lowered its holdings in Lamb Weston Holdings, Inc. (NYSE:LW) by 25.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,693 shares of the specialty retailer’s stock after selling 1,575 shares during the period. AdvisorNet Financial Inc’s holdings in Lamb Weston were worth $314,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of LW. Nicola Wealth Management LTD. acquired a new stake in shares of Lamb Weston during the third quarter worth approximately $6,474,000. Susquehanna Fundamental Investments LLC bought a new position in Lamb Weston during the 2nd quarter valued at $3,279,000. Clarkston Capital Partners LLC grew its holdings in Lamb Weston by 108.7% during the 3rd quarter. Clarkston Capital Partners LLC now owns 3,107,929 shares of the specialty retailer’s stock worth $201,207,000 after acquiring an additional 1,618,570 shares in the last quarter. Insight Wealth Strategies LLC increased its position in shares of Lamb Weston by 36.0% in the 4th 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. raised its stake in shares of Lamb Weston by 39.3% in the 3rd quarter. Citigroup Inc. now owns 156,242 shares of the specialty retailer’s stock valued at $10,115,000 after purchasing an additional 44,057 shares in the last quarter. 89.56% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Robert A. Niblock bought 3,000 shares of the business’s stock in a transaction on Monday, January 13th. The stock was purchased at an average cost 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 position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Charles A. Blixt purchased 1,200 shares of the stock in a transaction dated Monday, December 23rd. The shares were purchased at an average price of $63.25 per share, for a total transaction of $75,900.00. Following the completion of the transaction, the director now owns 22,982 shares in the company, 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. Corporate insiders own 0.72% of the company’s stock.

Lamb Weston Price Performance

NYSE LW opened at $58.99 on Friday. The company has a 50-day moving average price of $71.71 and a two-hundred day moving average price of $69.66. Lamb Weston Holdings, Inc. has a 52 week low of $52.99 and a 52 week high of $110.61. The stock has a market cap of $8.41 billion, a price-to-earnings ratio of 23.32, a price-to-earnings-growth ratio of 1.48 and a beta of 0.73. The company has a current ratio of 1.35, a quick ratio of 0.53 and a debt-to-equity ratio of 2.26.

Lamb Weston (NYSE:LW) last issued 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 business had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.67 billion. Lamb Weston had a return on equity of 27.82% and a net margin of 5.80%. The business’s quarterly revenue was down 7.5% compared to the same quarter last year. During the same period last year, the company earned $1.45 earnings per share. Analysts forecast that Lamb Weston Holdings, Inc. will post 3.11 EPS for the current year.

Lamb Weston Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, January 31st will be paid 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 2.51%. The ex-dividend date is Friday, January 31st. Lamb Weston’s payout ratio is currently 56.92%.

Analyst Ratings Changes

Several analysts recently weighed in on LW shares. TD Cowen boosted their price objective on Lamb Weston from $61.00 to $65.00 and gave the company a “hold” rating in a report on Tuesday, September 24th. Deutsche Bank Aktiengesellschaft started coverage on Lamb Weston in a report on Thursday, December 12th. They issued a “hold” rating and a $81.00 price target for the company. Citigroup downgraded shares of Lamb Weston from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $90.00 to $68.00 in a report on Friday, December 20th. Barclays lowered their target price on shares of Lamb Weston from $87.00 to $69.00 and set an “overweight” rating for the company in a research note on Monday, December 23rd. Finally, JPMorgan Chase & Co. raised their price target on shares of Lamb Weston from $68.00 to $78.00 and gave the stock a “neutral” rating in a research report on Monday, December 16th. Eight equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $81.00.

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.