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

Tributary Capital Management LLC decreased its position in Lamb Weston Holdings, Inc. (NYSE:LW) by 3.8% during the 4th quarter, HoldingsChannel.com reports. The firm 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 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of LW. City State Bank raised its position in Lamb Weston by 56.2% in the 3rd quarter. City State Bank now owns 417 shares of the specialty retailer’s stock valued at $27,000 after buying an additional 150 shares during the last quarter. Kornitzer Capital Management Inc. KS raised its holdings in shares of Lamb Weston by 0.8% in the third quarter. Kornitzer Capital Management Inc. KS now owns 18,756 shares of the specialty retailer’s stock valued at $1,214,000 after purchasing an additional 156 shares during the last quarter. Bridges Investment Management Inc. lifted its position in shares of Lamb Weston by 2.8% in the third quarter. Bridges Investment Management Inc. now owns 6,648 shares of the specialty retailer’s stock worth $430,000 after purchasing an additional 181 shares in the last quarter. Coldstream Capital Management Inc. grew its position in Lamb Weston by 5.4% in the third quarter. Coldstream Capital Management Inc. now owns 3,649 shares of the specialty retailer’s stock valued at $241,000 after purchasing an additional 186 shares in the last quarter. Finally, Fulton Bank N.A. increased its stake in Lamb Weston by 4.6% in the 3rd quarter. Fulton Bank N.A. now owns 4,592 shares of the specialty retailer’s stock valued at $297,000 after buying an additional 201 shares during the last quarter. 89.56% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Robert A. Niblock acquired 3,000 shares of the business’s stock in a transaction that occurred on Monday, January 13th. The stock was 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 directly owns 26,406 shares of the company’s stock, valued at $1,609,181.64. This trade represents a 12.82 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Charles A. Blixt bought 1,200 shares of the company’s stock in a transaction dated Monday, December 23rd. The stock was purchased at an average price of $63.25 per share, with a total value of $75,900.00. Following the completion of the transaction, the director now directly owns 22,982 shares in the company, valued at approximately $1,453,611.50. This 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.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on LW. Stifel Nicolaus reduced their price objective on shares of Lamb Weston from $80.00 to $68.00 and set a “hold” rating for the company in a research note on Friday, December 20th. JPMorgan Chase & Co. raised their price target on Lamb Weston from $68.00 to $78.00 and gave the company a “neutral” rating in a research note on Monday, December 16th. Bank of America upped their price objective on Lamb Weston from $68.00 to $80.00 and gave the stock a “neutral” rating in a research note on Monday, October 21st. Jefferies Financial Group raised their target price on shares of Lamb Weston from $80.00 to $95.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th. Finally, Wells Fargo & Company upped their price target on shares of Lamb Weston from $70.00 to $77.00 and gave the stock an “overweight” rating in a research report on Thursday, October 3rd. Eight investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Lamb Weston has a consensus rating of “Hold” and a consensus target price of $81.00.

Lamb Weston Stock Up 0.2 %

Lamb Weston stock opened at $60.62 on Friday. The company’s 50-day moving average price is $69.43 and its two-hundred day moving average price is $68.71. The company has a quick ratio of 0.53, a current ratio of 1.35 and a debt-to-equity ratio of 2.26. The stock has a market cap of $8.65 billion, a P/E ratio of 23.96, a P/E/G ratio of 1.49 and a beta of 0.73. Lamb Weston Holdings, Inc. has a twelve month low of $52.99 and a twelve month high of $107.50.

Lamb Weston (NYSE:LW) last released its quarterly earnings results on Thursday, December 19th. The specialty retailer reported $0.66 earnings per share 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 analyst estimates of $1.67 billion. Lamb Weston had a return on equity of 27.82% and a net margin of 5.80%. The business’s revenue for the quarter was down 7.5% on a year-over-year basis. During the same period in the previous year, the business posted $1.45 earnings per share. As a group, analysts expect that Lamb Weston Holdings, Inc. will post 3.11 EPS for the current year.

Lamb Weston Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, January 31st will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 2.44%. This is a positive change from Lamb Weston’s previous quarterly dividend of $0.36. The ex-dividend date is Friday, January 31st. Lamb Weston’s dividend payout ratio (DPR) is currently 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.