Lamb Weston Holdings (NYSE:LW) has been given a consensus recommendation of “Buy” by the seven research firms that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $59.71.
A number of analysts have recently issued reports on the stock. Jefferies Group restated a “buy” rating and set a $66.00 price target on shares of Lamb Weston in a report on Thursday, April 5th. Zacks Investment Research upgraded shares of Lamb Weston from a “hold” rating to a “buy” rating and set a $63.00 price target for the company in a report on Thursday, March 29th. Morgan Stanley raised their price target 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. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $64.00 target price (up previously from $58.00) on shares of Lamb Weston in a report on Monday, January 22nd.
A number of institutional investors have recently bought and sold shares of the stock. BlackRock Inc. increased its holdings in Lamb Weston by 5.0% in the 4th quarter. BlackRock Inc. now owns 13,164,249 shares of the specialty retailer’s stock valued at $743,124,000 after purchasing an additional 622,607 shares during the last quarter. Newbrook Capital Advisors LP acquired a new stake in Lamb Weston in the 4th quarter valued at approximately $129,718,000. Wells Fargo & Company MN increased its holdings in Lamb Weston by 73.3% in the 4th quarter. Wells Fargo & Company MN now owns 2,195,707 shares of the specialty retailer’s stock valued at $123,948,000 after purchasing an additional 928,686 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Lamb Weston by 8.2% in the 4th quarter. Bank of New York Mellon Corp now owns 1,678,112 shares of the specialty retailer’s stock valued at $94,730,000 after purchasing an additional 127,686 shares during the last quarter. Finally, Renaissance Technologies LLC increased its holdings in Lamb Weston by 51.1% in the 4th quarter. Renaissance Technologies LLC now owns 1,312,100 shares of the specialty retailer’s stock valued at $74,068,000 after purchasing an additional 443,700 shares during the last quarter. Hedge funds and other institutional investors own 80.76% of the company’s stock.
Shares of NYSE LW opened at $65.44 on Wednesday. The company has a market cap of $9,557.21, a PE ratio of 28.21, a PEG ratio of 2.09 and a beta of 0.76. The company has a debt-to-equity ratio of -5.98, a current ratio of 1.72 and a quick ratio of 0.63. Lamb Weston has a 1 year low of $40.75 and a 1 year high of $66.13.
Lamb Weston (NYSE:LW) last announced its quarterly earnings results on Thursday, April 5th. The specialty retailer reported $0.91 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.11. The business had revenue of $863.40 million during the quarter, compared to the consensus estimate of $813.81 million. Lamb Weston had a net margin of 11.75% and a negative return on equity of 69.53%. The business’s revenue was up 12.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.59 EPS. sell-side analysts expect that Lamb Weston will post 2.6 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 1st. Investors of record on Friday, May 4th will be issued a $0.1913 dividend. The ex-dividend date of this dividend is Thursday, May 3rd. This represents a $0.77 annualized dividend and a yield of 1.17%. Lamb Weston’s dividend payout ratio (DPR) is presently 32.76%.
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Lamb Weston Company Profile
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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