Lamb Weston Holdings Inc. (NYSE:LW)‘s stock had its “buy” rating reaffirmed by equities research analysts at Jefferies Group LLC in a report released on Thursday, October 5th. They currently have a $58.00 price objective on the specialty retailer’s stock, up from their prior price objective of $53.00. Jefferies Group LLC’s price target indicates a potential upside of 15.49% from the company’s previous close. Jefferies Group also issued estimates for Lamb Weston Holdings’ Q2 2018 earnings at $0.55 EPS, Q3 2018 earnings at $0.70 EPS, Q2 2019 earnings at $0.62 EPS, Q3 2019 earnings at $0.79 EPS and Q1 2020 earnings at $0.69 EPS.
Other research analysts also recently issued research reports about the company. Zacks Investment Research raised Lamb Weston Holdings from a “hold” rating to a “buy” rating and set a $48.00 price target for the company in a research note on Wednesday, July 12th. Bank of America Corporation lifted their price target on Lamb Weston Holdings from $46.00 to $48.00 and gave the stock a “buy” rating in a research note on Monday, July 10th. Morgan Stanley reissued an “equal weight” rating and issued a $46.00 target price (up previously from $45.00) on shares of Lamb Weston Holdings in a research note on Wednesday, July 26th. Finally, Stifel Nicolaus downgraded shares of Lamb Weston Holdings from a “buy” rating to a “hold” rating and boosted their target price for the company from $42.00 to $44.00 in a research note on Tuesday, July 4th. Three analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $47.89.
Lamb Weston Holdings (NYSE:LW) opened at 50.22 on Thursday. The company has a market capitalization of $7.34 billion and a P/E ratio of 22.42. Lamb Weston Holdings has a 52-week low of $29.62 and a 52-week high of $50.60. The firm has a 50-day moving average of $46.69 and a 200 day moving average of $44.68.
Lamb Weston Holdings (NYSE:LW) last issued its earnings results on Wednesday, October 4th. The specialty retailer reported $0.57 EPS for the quarter, topping the consensus estimate of $0.50 by $0.07. The company 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 firm’s revenue was up 5.3% compared to the same quarter last year. Equities analysts predict that Lamb Weston Holdings will post $2.35 earnings per share for the current fiscal year.
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Large investors have recently modified their holdings of the company. Schroder Investment Management Group purchased a new stake in shares of Lamb Weston Holdings during the 2nd quarter worth about $106,000. Advisory Services Network LLC grew its holdings in shares of Lamb Weston Holdings by 81.5% during the 2nd quarter. Advisory Services Network LLC now owns 3,094 shares of the specialty retailer’s stock worth $136,000 after purchasing an additional 1,389 shares during the period. First Mercantile Trust Co. purchased a new stake in shares of Lamb Weston Holdings during the 2nd quarter worth about $137,000. OLD Mutual Customised Solutions Proprietary Ltd. grew its holdings in shares of Lamb Weston Holdings by 165.9% during the 1st quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 3,366 shares of the specialty retailer’s stock worth $142,000 after purchasing an additional 2,100 shares during the period. Finally, IndexIQ Advisors LLC purchased a new stake in shares of Lamb Weston Holdings during the 2nd quarter worth about $149,000. Institutional investors and hedge funds own 79.75% of the company’s stock.
About Lamb Weston Holdings
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.
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