Insider Selling: Lamb Weston Holdings Inc (NYSE:LW) VP Sells 1,320 Shares of Stock

Lamb Weston Holdings Inc (NYSE:LW) VP Bernadette M. Madarieta sold 1,320 shares of the firm’s stock in a transaction that occurred on Tuesday, October 22nd. The stock was sold at an average price of $75.59, for a total transaction of $99,778.80. Following the transaction, the vice president now directly owns 14,777 shares of the company’s stock, valued at $1,116,993.43. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

LW traded down $0.52 during trading on Wednesday, reaching $74.81. 1,136,893 shares of the company’s stock were exchanged, compared to its average volume of 1,497,815. Lamb Weston Holdings Inc has a 1 year low of $58.83 and a 1 year high of $83.86. The company has a debt-to-equity ratio of 23.94, a current ratio of 1.68 and a quick ratio of 0.81. The stock has a market capitalization of $11.22 billion, a P/E ratio of 23.23, a price-to-earnings-growth ratio of 2.90 and a beta of 0.17. The company’s fifty day simple moving average is $74.25 and its 200-day simple moving average is $68.11.

Lamb Weston (NYSE:LW) last posted its quarterly earnings results on Wednesday, October 2nd. The specialty retailer reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.01. The company had revenue of $989.00 million during the quarter, compared to analyst estimates of $971.45 million. Lamb Weston had a net margin of 12.44% and a negative return on equity of 1,426.55%. Lamb Weston’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period last year, the firm posted $0.73 EPS. Equities analysts forecast that Lamb Weston Holdings Inc will post 3.45 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 1st will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.07%. The ex-dividend date of this dividend is Thursday, October 31st. Lamb Weston’s dividend payout ratio (DPR) is 24.84%.

Several large investors have recently bought and sold shares of LW. First Trust Advisors LP increased its holdings in shares of Lamb Weston by 25.2% during the 1st quarter. First Trust Advisors LP now owns 320,282 shares of the specialty retailer’s stock valued at $24,002,000 after purchasing an additional 64,418 shares in the last quarter. FMR LLC grew its stake in Lamb Weston by 5.8% in the 1st quarter. FMR LLC now owns 1,631,143 shares of the specialty retailer’s stock valued at $122,238,000 after acquiring an additional 89,544 shares during the period. Copper Rock Capital Partners LLC grew its stake in Lamb Weston by 16.1% in the 2nd quarter. Copper Rock Capital Partners LLC now owns 196,615 shares of the specialty retailer’s stock valued at $12,458,000 after acquiring an additional 27,209 shares during the period. NN Investment Partners Holdings N.V. grew its stake in Lamb Weston by 1,034.7% in the 2nd quarter. NN Investment Partners Holdings N.V. now owns 282,678 shares of the specialty retailer’s stock valued at $17,911,000 after acquiring an additional 257,766 shares during the period. Finally, Nisa Investment Advisors LLC grew its stake in Lamb Weston by 2.0% in the 2nd quarter. Nisa Investment Advisors LLC now owns 66,910 shares of the specialty retailer’s stock valued at $4,239,000 after acquiring an additional 1,299 shares during the period. 87.18% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have issued reports on LW shares. Zacks Investment Research raised shares of Lamb Weston from a “strong sell” rating to a “hold” rating and set a $55.00 price target for the company in a research report on Friday, July 26th. TheStreet raised shares of Lamb Weston from a “d+” rating to a “c+” rating in a research report on Wednesday, October 2nd. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Lamb Weston presently has a consensus rating of “Buy” and a consensus price target of $75.71.

Lamb Weston Company Profile

Lamb Weston Holdings, Inc produces, distributes, and markets value-added frozen potato products worldwide. It operates through four segments: Global, Foodservice, Retail, and Other. The company offers frozen potatoes, sweet potatoes, and appetizers under the Lamb Weston brand name, as well as various customer labels.

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