Lamb Weston (NYSE:LW – Get Free Report) announced a quarterly dividend on Friday, July 24th. Shareholders of record on Friday, August 7th will be given a dividend of 0.38 per share by the specialty retailer on Friday, September 4th. This represents a c) annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend is Friday, August 7th.
Lamb Weston has increased its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 7 consecutive years. Lamb Weston has a dividend payout ratio of 39.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect Lamb Weston to earn $3.10 per share next year, which means the company should continue to be able to cover its $1.52 annual dividend with an expected future payout ratio of 49.0%.
Lamb Weston Trading Up 0.8%
Shares of Lamb Weston stock traded up $0.39 during trading hours on Friday, hitting $49.57. The company’s stock had a trading volume of 5,039,944 shares, compared to its average volume of 2,420,118. Lamb Weston has a 1-year low of $37.62 and a 1-year high of $67.07. The business has a fifty day moving average of $44.62 and a 200 day moving average of $44.22. The company has a market capitalization of $6.84 billion, a PE ratio of 23.17, a P/E/G ratio of 6.37 and a beta of 0.47. The company has a quick ratio of 0.69, a current ratio of 1.46 and a debt-to-equity ratio of 1.99.
Wall Street Analyst Weigh In
Several equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. upped their target price on Lamb Weston from $43.00 to $48.00 and gave the stock a “neutral” rating in a research report on Thursday, July 9th. BNP Paribas Exane reduced their price target on Lamb Weston from $48.00 to $41.00 and set a “neutral” rating on the stock in a research report on Thursday, April 2nd. Stephens assumed coverage on Lamb Weston in a report on Wednesday, May 27th. They issued an “equal weight” rating and a $46.00 price target for the company. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Lamb Weston from $46.00 to $40.00 and set a “hold” rating for the company in a research report on Monday, March 30th. Finally, Bank of America reduced their target price on shares of Lamb Weston from $49.00 to $47.00 and set a “neutral” rating on the stock in a research report on Thursday, April 2nd. Three equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Lamb Weston presently has a consensus rating of “Hold” and an average target price of $49.27.
Get Our Latest Stock Report on LW
Lamb Weston Company Profile
Lamb Weston, traded on the NYSE under the symbol LW, is a leading global processor and supplier of frozen potato products. The company’s portfolio includes a variety of potato-based items such as French fries, potato wedges, hash browns and specialty cuts tailored to the foodservice and retail grocery channels. Lamb Weston serves quick-service restaurants, full-service operators, grocery chains and food distributors, offering customized product formats, packaging solutions and seasoning options to meet evolving customer demands.
Founded in 1950 and headquartered in Eagle, Idaho, Lamb Weston has grown from a regional processor into one of the world’s largest producers of frozen potato products.
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