Lamb Weston Holdings, Inc. (NYSE:LW) Sees Large Drop in Short Interest

Lamb Weston Holdings, Inc. (NYSE:LWGet Rating) saw a large decrease in short interest during the month of August. As of August 31st, there was short interest totalling 2,390,000 shares, a decrease of 9.1% from the August 15th total of 2,630,000 shares. Approximately 1.7% of the company’s stock are short sold. Based on an average daily trading volume, of 1,310,000 shares, the days-to-cover ratio is currently 1.8 days.

Wall Street Analyst Weigh In

Separately, TheStreet lowered Lamb Weston from a “b-” rating to a “c+” rating in a research report on Wednesday, July 27th. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $67.67.

Insider Activity

In other news, SVP Gerardo Scheufler sold 2,786 shares of the stock in a transaction that occurred on Wednesday, August 10th. The stock was sold at an average price of $81.01, for a total transaction of $225,693.86. Following the completion of the transaction, the senior vice president now directly owns 29,685 shares in the company, valued at approximately $2,404,781.85. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, SVP Gerardo Scheufler sold 2,786 shares of the company’s stock in a transaction that occurred on Wednesday, August 10th. The stock was sold at an average price of $81.01, for a total transaction of $225,693.86. Following the sale, the senior vice president now directly owns 29,685 shares of the company’s stock, valued at approximately $2,404,781.85. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Eryk J. Spytek sold 3,867 shares of the company’s stock in a transaction that occurred on Thursday, July 7th. The shares were sold at an average price of $75.00, for a total value of $290,025.00. Following the sale, the senior vice president now directly owns 37,955 shares in the company, valued at $2,846,625. The disclosure for this sale can be found here. In the last three months, insiders sold 9,654 shares of company stock worth $755,709. 0.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Parallel Advisors LLC increased its holdings in shares of Lamb Weston by 12.1% during the second quarter. Parallel Advisors LLC now owns 1,379 shares of the specialty retailer’s stock valued at $99,000 after purchasing an additional 149 shares during the period. Cambridge Investment Research Advisors Inc. increased its holdings in shares of Lamb Weston by 1.5% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 10,209 shares of the specialty retailer’s stock valued at $730,000 after purchasing an additional 152 shares during the period. FDx Advisors Inc. boosted its stake in Lamb Weston by 3.6% during the second quarter. FDx Advisors Inc. now owns 4,586 shares of the specialty retailer’s stock valued at $328,000 after buying an additional 160 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in Lamb Weston by 7.5% during the first quarter. EverSource Wealth Advisors LLC now owns 2,355 shares of the specialty retailer’s stock valued at $140,000 after buying an additional 165 shares in the last quarter. Finally, Hartford Investment Management Co. boosted its stake in Lamb Weston by 1.2% during the second quarter. Hartford Investment Management Co. now owns 13,843 shares of the specialty retailer’s stock valued at $989,000 after buying an additional 165 shares in the last quarter. 90.05% of the stock is owned by institutional investors and hedge funds.

Lamb Weston Price Performance

Shares of NYSE LW opened at $76.56 on Monday. Lamb Weston has a 1-year low of $49.71 and a 1-year high of $83.29. The company has a debt-to-equity ratio of 7.48, a current ratio of 2.37 and a quick ratio of 1.55. The business’s fifty day moving average price is $78.74 and its two-hundred day moving average price is $69.18. The firm has a market capitalization of $11.00 billion, a PE ratio of 55.88, a P/E/G ratio of 1.18 and a beta of 0.53.

Lamb Weston (NYSE:LWGet Rating) last issued its earnings results on Wednesday, July 27th. The specialty retailer reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.14. Lamb Weston had a return on equity of 78.71% and a net margin of 4.90%. The firm had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.07 billion. On average, research analysts expect that Lamb Weston will post 2.79 EPS for the current year.

Lamb Weston Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 2nd. Shareholders of record on Friday, August 5th were given a $0.245 dividend. This represents a $0.98 annualized dividend and a yield of 1.28%. The ex-dividend date was Thursday, August 4th. Lamb Weston’s dividend payout ratio is presently 71.53%.

About Lamb Weston

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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, commercial ingredients, and appetizers under the Lamb Weston brand, as well as under various customer labels.

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