Lamb Weston (LW) Hits New 1-Year High and Low at $65.02

Lamb Weston Holdings (NYSE:LW) shares hit a new 52-week high and low during mid-day trading on Tuesday . The stock traded as low as $65.02 and last traded at $64.61, with a volume of 535000 shares. The stock had previously closed at $64.73.

Several brokerages have issued reports on LW. Morgan Stanley increased their target price on shares of Lamb Weston from $61.00 to $64.00 and gave the stock an “equal weight” rating in a report on Friday, April 6th. Jefferies Group reiterated a “buy” rating and set a $66.00 target price on shares of Lamb Weston in a report on Thursday, April 5th. Stifel Nicolaus reiterated a “hold” rating and set a $64.00 target price (up from $58.00) on shares of Lamb Weston in a report on Monday, January 22nd. Finally, Zacks Investment Research upgraded shares of Lamb Weston from a “hold” rating to a “buy” rating and set a $68.00 target price on the stock in a report on Thursday, January 25th. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $59.71.

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The stock has a market cap of $9,465.09, a P/E ratio of 28.24, a PEG ratio of 2.07 and a beta of 0.78. The company has a debt-to-equity ratio of -5.98, a quick ratio of 0.63 and a current ratio of 1.72.

Lamb Weston (NYSE:LW) last released its quarterly earnings results on Thursday, April 5th. The specialty retailer reported $0.91 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.11. The business had revenue of $863.40 million during the quarter, compared to analyst estimates of $813.81 million. Lamb Weston had a net margin of 11.75% and a negative return on equity of 69.53%. The company’s quarterly revenue was up 12.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.59 earnings per share. analysts anticipate that Lamb Weston Holdings will post 2.6 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 1st. Shareholders of record on Friday, May 4th will be given a dividend of $0.1913 per share. This represents a $0.77 annualized dividend and a dividend yield of 1.17%. The ex-dividend date is Thursday, May 3rd. Lamb Weston’s payout ratio is 32.76%.

Several hedge funds have recently added to or reduced their stakes in LW. Dimensional Fund Advisors LP lifted its position in shares of Lamb Weston by 2.0% during the third quarter. Dimensional Fund Advisors LP now owns 368,656 shares of the specialty retailer’s stock valued at $17,285,000 after buying an additional 7,294 shares during the last quarter. Cornerstone Capital Management Holdings LLC. lifted its position in shares of Lamb Weston by 96.9% during the third quarter. Cornerstone Capital Management Holdings LLC. now owns 35,897 shares of the specialty retailer’s stock valued at $1,682,000 after buying an additional 17,668 shares during the last quarter. California Public Employees Retirement System lifted its position in shares of Lamb Weston by 1.7% during the third quarter. California Public Employees Retirement System now owns 256,466 shares of the specialty retailer’s stock valued at $12,026,000 after buying an additional 4,300 shares during the last quarter. Sterling Capital Management LLC lifted its position in shares of Lamb Weston by 25.9% during the third quarter. Sterling Capital Management LLC now owns 26,000 shares of the specialty retailer’s stock valued at $1,219,000 after buying an additional 5,344 shares during the last quarter. Finally, Public Employees Retirement System of Ohio lifted its position in shares of Lamb Weston by 75.8% during the third quarter. Public Employees Retirement System of Ohio now owns 111,668 shares of the specialty retailer’s stock valued at $5,236,000 after buying an additional 48,151 shares during the last quarter. 80.73% of the stock is owned by institutional investors and hedge funds.

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About Lamb Weston

Lamb Weston Holdings, Inc produces 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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