Barclays restated their buy rating on shares of Lamb Weston (NYSE:LW) in a research note published on Tuesday, AnalystRatings.com reports. Barclays currently has a $60.00 price target on the specialty retailer’s stock.
LW has been the subject of a number of other research reports. Stifel Nicolaus reduced their target price on Lamb Weston from $92.00 to $57.00 and set a hold rating for the company in a report on Thursday, April 2nd. JPMorgan Chase & Co. reduced their target price on Lamb Weston from $62.00 to $55.00 and set a neutral rating for the company in a report on Thursday, April 2nd. Bank of America lowered Lamb Weston from a buy rating to a neutral rating in a report on Thursday, March 19th. Zacks Investment Research lowered Lamb Weston from a buy rating to a hold rating and set a $73.00 target price for the company. in a report on Friday, March 13th. Finally, Jefferies Financial Group reaffirmed a hold rating and set a $45.00 target price on shares of Lamb Weston in a report on Thursday, April 2nd. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Lamb Weston currently has an average rating of Hold and a consensus price target of $61.00.
Shares of LW opened at $57.22 on Tuesday. The business has a 50-day moving average of $57.03 and a 200 day moving average of $76.54. Lamb Weston has a fifty-two week low of $39.06 and a fifty-two week high of $96.32. The firm has a market cap of $8.15 billion, a P/E ratio of 17.18, a price-to-earnings-growth ratio of 6.30 and a beta of 0.84. The company has a debt-to-equity ratio of 8.12, a quick ratio of 0.84 and a current ratio of 1.85.
Lamb Weston (NYSE:LW) last posted its earnings results on Wednesday, April 1st. The specialty retailer reported $0.77 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.92 by ($0.15). The company had revenue of $937.40 million for the quarter, compared to analysts’ expectations of $953.62 million. Lamb Weston had a net margin of 12.12% and a return on equity of 342.27%. The firm’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.95 EPS. As a group, research analysts predict that Lamb Weston will post 2.61 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Friday, May 8th will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 1.61%. The ex-dividend date of this dividend is Thursday, May 7th. Lamb Weston’s payout ratio is 28.57%.
Hedge funds and other institutional investors have recently modified their holdings of the company. Verus Capital Partners LLC purchased a new position in shares of Lamb Weston during the fourth quarter worth about $27,000. Royal Fund Management LLC purchased a new position in shares of Lamb Weston during the first quarter worth about $27,000. Sugarloaf Wealth Management LLC purchased a new position in shares of Lamb Weston during the fourth quarter worth about $28,000. Key Financial Inc bought a new stake in Lamb Weston in the 1st quarter worth approximately $30,000. Finally, Fred Alger Management LLC lifted its position in Lamb Weston by 196.2% in the 1st quarter. Fred Alger Management LLC now owns 548 shares of the specialty retailer’s stock worth $31,000 after buying an additional 363 shares during the last quarter. 84.97% of the stock is owned by institutional investors.
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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