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

Victory Capital Management Inc. decreased its position in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 56.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,112 shares of the specialty retailer’s stock after selling 31,934 shares during the period. Victory Capital Management Inc.’s holdings in Lamb Weston were worth $1,678,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in LW. Nicola Wealth Management LTD. grew its holdings in shares of Lamb Weston by 67.3% during the 4th quarter. Nicola Wealth Management LTD. now owns 167,300 shares of the specialty retailer’s stock worth $11,181,000 after purchasing an additional 67,300 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Lamb Weston by 1.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,229,600 shares of the specialty retailer’s stock worth $82,174,000 after purchasing an additional 16,092 shares in the last quarter. Steward Partners Investment Advisory LLC grew its holdings in shares of Lamb Weston by 2.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 16,251 shares of the specialty retailer’s stock worth $1,086,000 after purchasing an additional 317 shares in the last quarter. NINE MASTS CAPITAL Ltd acquired a new stake in shares of Lamb Weston during the 4th quarter worth $751,000. Finally, Grandfield & Dodd LLC acquired a new stake in shares of Lamb Weston during the 4th quarter worth $2,341,000. Institutional investors own 89.56% of the company’s stock.

Lamb Weston Trading Down 1.3 %

NYSE LW opened at $52.88 on Wednesday. The company has a market cap of $7.54 billion, a price-to-earnings ratio of 20.90, a P/E/G ratio of 1.40 and a beta of 0.76. Lamb Weston Holdings, Inc. has a 52 week low of $47.90 and a 52 week high of $107.50. The business has a 50 day moving average price of $56.82 and a 200-day moving average price of $66.39. 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) last released its quarterly earnings data 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 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 company’s revenue was down 7.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.45 EPS. As a group, equities analysts expect that Lamb Weston Holdings, Inc. will post 3.1 earnings per share for the current fiscal year.

Lamb Weston Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, January 31st were given a dividend of $0.37 per share. This is a boost from Lamb Weston’s previous quarterly dividend of $0.36. The ex-dividend date was Friday, January 31st. This represents a $1.48 annualized dividend and a dividend yield of 2.80%. Lamb Weston’s payout ratio is presently 58.50%.

Insider Activity at Lamb Weston

In other Lamb Weston news, Director Robert A. Niblock acquired 3,000 shares of the business’s stock in a transaction on Monday, January 13th. The shares were acquired at an average price of $60.94 per share, with a total value of $182,820.00. Following the completion of the transaction, the director now owns 26,406 shares in the company, valued at approximately $1,609,181.64. This trade represents a 12.82 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Charles A. Blixt acquired 1,200 shares of the business’s stock in a transaction on Monday, December 23rd. The stock was acquired at an average cost of $63.25 per share, for a total transaction of $75,900.00. Following the transaction, the director now 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 disclosure for this purchase can be found here. 0.72% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms have recently issued reports on LW. Barclays reduced their target price on Lamb Weston from $87.00 to $69.00 and set an “overweight” rating on the stock in a report on Monday, December 23rd. Sanford C. Bernstein assumed coverage on Lamb Weston in a research note on Tuesday, December 3rd. They issued a “market perform” rating and a $85.00 price objective on the stock. Stifel Nicolaus reduced their price objective on Lamb Weston from $80.00 to $68.00 and set a “hold” rating on the stock in a research note on Friday, December 20th. Jefferies Financial Group raised their price objective on Lamb Weston from $80.00 to $95.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th. Finally, StockNews.com raised Lamb Weston to a “sell” rating in a research note on Monday, February 24th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $76.73.

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.