Tributary Capital Management LLC Sells 225 Shares of Lamb Weston Holdings, Inc. (NYSE:LW)

Tributary Capital Management LLC lessened its holdings in Lamb Weston Holdings, Inc. (NYSE:LW) by 3.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,720 shares of the specialty retailer’s stock after selling 225 shares during the period. Tributary Capital Management LLC’s holdings in Lamb Weston were worth $382,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. HB Wealth Management LLC raised its holdings 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 worth $892,000 after buying an additional 817 shares in the last quarter. Nicola Wealth Management LTD. acquired a new position in Lamb Weston during the third quarter worth $6,474,000. Clarkston Capital Partners LLC lifted its holdings 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 acquiring an additional 1,618,570 shares during the period. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Lamb Weston in the 2nd quarter valued at $3,279,000. Finally, Insight Wealth Strategies LLC grew its holdings 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. Institutional investors own 89.56% of the company’s stock.

Insider Activity

In other Lamb Weston news, Director Robert A. Niblock bought 3,000 shares of the firm’s stock in a transaction on Monday, January 13th. The stock was purchased at an average cost of $60.94 per share, with a total value of $182,820.00. Following the completion of the purchase, the director now owns 26,406 shares in the company, valued at approximately $1,609,181.64. The trade was a 12.82 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Charles A. Blixt purchased 1,200 shares of the company’s stock in a transaction dated Monday, December 23rd. The shares were 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 $1,453,611.50. This trade represents a 5.51 % 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.

Lamb Weston Trading Up 0.2 %

LW opened at $60.62 on Friday. The firm has a 50 day simple moving average of $69.43 and a 200 day simple moving average of $68.71. 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 market cap of $8.65 billion, a price-to-earnings ratio of 23.96, a price-to-earnings-growth ratio of 1.49 and a beta of 0.73. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.35 and a quick ratio of 0.53.

Lamb Weston (NYSE:LW) last posted its quarterly earnings results on Thursday, December 19th. The specialty retailer reported $0.66 earnings per share 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 company had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.67 billion. During the same period last year, the company earned $1.45 EPS. The business’s revenue for the quarter was down 7.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Lamb Weston Holdings, Inc. will post 3.11 earnings per share for the current year.

Lamb Weston Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, January 31st will be issued a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, January 31st. This represents a $1.48 dividend on an annualized basis and a yield of 2.44%. This is a boost from Lamb Weston’s previous quarterly dividend of $0.36. Lamb Weston’s dividend payout ratio (DPR) is 58.50%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on LW. Sanford C. Bernstein began coverage on shares of Lamb Weston in a research note on Tuesday, December 3rd. They set a “market perform” rating and a $85.00 price objective on the stock. Wells Fargo & Company increased their price target on Lamb Weston from $70.00 to $77.00 and gave the stock an “overweight” rating in a research report on Thursday, October 3rd. Barclays cut their price objective on Lamb Weston from $87.00 to $69.00 and set an “overweight” rating for the company in a research report on Monday, December 23rd. JPMorgan Chase & Co. raised their target price on Lamb Weston from $68.00 to $78.00 and gave the company a “neutral” rating in a research note on Monday, December 16th. Finally, Citigroup downgraded shares of Lamb Weston from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $90.00 to $68.00 in a research report on Friday, December 20th. Eight equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, Lamb Weston presently has an average rating of “Hold” and a consensus price target of $81.00.

About Lamb Weston

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.