Lamb Weston Holdings Inc. (NYSE:LW) had its target price upped by Bank of America Corporation from $52.00 to $57.00 in a research note published on Monday, November 6th. The firm currently has a buy rating on the specialty retailer’s stock.
Several other analysts also recently commented on the stock. Zacks Investment Research raised shares of Lamb Weston Holdings from a hold rating to a buy rating and set a $54.00 target price for the company in a research report on Friday, October 6th. Morgan Stanley reaffirmed an equal weight rating and set a $46.00 price objective (up from $45.00) on shares of Lamb Weston Holdings in a report on Wednesday, July 26th. Finally, Jefferies Group LLC reaffirmed a buy rating and set a $58.00 price objective (up from $53.00) on shares of Lamb Weston Holdings in a report on Thursday, October 5th. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of Buy and an average price target of $50.63.
Lamb Weston Holdings (NYSE LW) traded down $0.24 during trading on Monday, reaching $53.21. 853,001 shares of the company’s stock traded hands, compared to its average volume of 640,386. The firm has a market cap of $7,779.14 and a price-to-earnings ratio of 23.13. The company has a current ratio of 1.62, a quick ratio of 0.67 and a debt-to-equity ratio of -4.10. Lamb Weston Holdings has a 1 year low of $30.43 and a 1 year high of $54.03.
Lamb Weston Holdings (NYSE:LW) last released its quarterly earnings data on Wednesday, October 4th. The specialty retailer reported $0.57 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.07. The firm had revenue of $817.50 million for the quarter, compared to analyst estimates of $795.61 million. Lamb Weston Holdings had a net margin of 10.31% and a negative return on equity of 50.81%. The company’s quarterly revenue was up 5.3% on a year-over-year basis. research analysts expect that Lamb Weston Holdings will post 2.36 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Friday, November 3rd will be issued a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date of this dividend is Thursday, November 2nd. Lamb Weston Holdings’s dividend payout ratio (DPR) is presently 33.63%.
A number of institutional investors have recently modified their holdings of LW. Vanguard Group Inc. raised its stake in shares of Lamb Weston Holdings by 2.4% in the 2nd quarter. Vanguard Group Inc. now owns 12,089,698 shares of the specialty retailer’s stock valued at $532,430,000 after buying an additional 279,578 shares in the last quarter. BlackRock Inc. raised its stake in shares of Lamb Weston Holdings by 2.2% in the 2nd quarter. BlackRock Inc. now owns 11,872,986 shares of the specialty retailer’s stock valued at $522,887,000 after buying an additional 260,164 shares in the last quarter. State Street Corp raised its stake in shares of Lamb Weston Holdings by 2.7% in the 2nd quarter. State Street Corp now owns 3,922,298 shares of the specialty retailer’s stock valued at $172,731,000 after buying an additional 103,358 shares in the last quarter. Kensico Capital Management Corp raised its stake in shares of Lamb Weston Holdings by 56.9% in the 3rd quarter. Kensico Capital Management Corp now owns 3,640,000 shares of the specialty retailer’s stock valued at $170,680,000 after buying an additional 1,320,000 shares in the last quarter. Finally, Janus Henderson Group PLC raised its stake in shares of Lamb Weston Holdings by 3.3% in the 3rd quarter. Janus Henderson Group PLC now owns 2,765,291 shares of the specialty retailer’s stock valued at $129,664,000 after buying an additional 89,190 shares in the last quarter. 79.78% of the stock is owned by hedge funds and other institutional investors.
Lamb Weston Holdings Company Profile
Lamb Weston Holdings, Inc (Lamb Weston), is a supplier of frozen potato, sweet potato, appetizer and vegetable products to restaurants and retailers around the world. The Company’s segments include Global, Foodservice, Retail and Other. The Global segment includes operations associated with Lamb Weston’s business with large chain restaurant customers, whether those results are generated in the United States or abroad, as well as operations associated with retail and foodservice customers located outside of the United States and Canada.
Receive News & Ratings for Lamb Weston Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lamb Weston Holdings Inc. and related companies with our FREE daily email newsletter.