Lamb Weston Holdings, Inc. (NYSE:LW) has earned a consensus rating of “Buy” from the six research firms that are presently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $81.20.
Several research firms have recently commented on LW. Bank of America raised shares of Lamb Weston from a “neutral” rating to a “buy” rating and set a $100.00 price objective on the stock in a report on Monday. The Goldman Sachs Group downgraded shares of Lamb Weston from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $84.00 to $81.00 in a report on Thursday.
In related news, CEO Thomas P. Werner sold 69,500 shares of Lamb Weston stock in a transaction that occurred on Friday, January 15th. The shares were sold at an average price of $77.65, for a total value of $5,396,675.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Eryk J. Spytek sold 6,183 shares of Lamb Weston stock in a transaction that occurred on Wednesday, January 13th. The stock was sold at an average price of $75.00, for a total transaction of $463,725.00. The disclosure for this sale can be found here. 0.81% of the stock is owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in LW. Perigon Wealth Management LLC acquired a new stake in Lamb Weston during the fourth quarter worth approximately $25,000. Tompkins Financial Corp acquired a new stake in Lamb Weston during the fourth quarter worth approximately $25,000. Regent Peak Wealth Advisors LLC acquired a new stake in Lamb Weston during the fourth quarter worth approximately $27,000. Key Financial Inc acquired a new stake in Lamb Weston during the fourth quarter worth approximately $41,000. Finally, CI Investments Inc. raised its holdings in Lamb Weston by 62.0% during the fourth quarter. CI Investments Inc. now owns 758 shares of the specialty retailer’s stock worth $60,000 after purchasing an additional 290 shares in the last quarter. 86.38% of the stock is currently owned by institutional investors.
LW stock opened at $77.99 on Thursday. The firm’s fifty day simple moving average is $80.38 and its 200-day simple moving average is $75.25. The company has a market capitalization of $11.41 billion, a P/E ratio of 38.61, a price-to-earnings-growth ratio of 3.31 and a beta of 0.78. The company has a debt-to-equity ratio of 6.65, a current ratio of 2.91 and a quick ratio of 1.88. Lamb Weston has a 12 month low of $51.72 and a 12 month high of $86.41.
Lamb Weston (NYSE:LW) last released its quarterly earnings data on Tuesday, April 6th. The specialty retailer reported $0.45 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.06). The business had revenue of $895.80 million during the quarter, compared to analysts’ expectations of $819.94 million. Lamb Weston had a net margin of 8.33% and a return on equity of 95.26%. The firm’s revenue was down 4.4% on a year-over-year basis. During the same period last year, the company earned $0.77 earnings per share. As a group, sell-side analysts forecast that Lamb Weston will post 2.34 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 4th. Investors of record on Friday, May 7th will be paid a $0.235 dividend. The ex-dividend date of this dividend is Thursday, May 6th. This represents a $0.94 dividend on an annualized basis and a yield of 1.21%. Lamb Weston’s dividend payout ratio is currently 37.60%.
About Lamb Weston
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, commercial ingredients, and appetizers under the Lamb Weston brand, as well as various customer labels.
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