Lamb Weston Holdings Inc. (LW) Sets New 1-Year High at $53.29
Lamb Weston Holdings Inc. (NYSE:LW) reached a new 52-week high on Tuesday . The stock traded as high as $53.29 and last traded at $52.78, with a volume of 777400 shares. The stock had previously closed at $51.96.
Several research firms have recently weighed in on LW. Jefferies Group LLC reissued a “buy” rating and issued a $53.00 target price on shares of Lamb Weston Holdings in a research report on Monday, September 25th. Bank of America Corporation boosted their target price on shares of Lamb Weston Holdings from $52.00 to $57.00 and gave the stock a “buy” rating in a research report on Monday, November 6th. Zacks Investment Research downgraded shares of Lamb Weston Holdings from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Finally, 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 report on Wednesday, July 26th. Three equities research 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’s stock. The company currently has an average rating of “Buy” and a consensus price target of $50.63.
The company has a market cap of $7,596.40 and a PE ratio of 22.59. The company has a debt-to-equity ratio of -4.10, a current ratio of 1.62 and a quick ratio of 0.67.
Lamb Weston Holdings (NYSE:LW) last released its earnings results on Wednesday, October 4th. The specialty retailer reported $0.57 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.07. Lamb Weston Holdings had a net margin of 10.31% and a negative return on equity of 50.81%. The company had revenue of $817.50 million during the quarter, compared to the consensus estimate of $795.61 million. The business’s revenue was up 5.3% compared to the same quarter last year. research analysts predict that Lamb Weston Holdings Inc. will post 2.36 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Friday, November 3rd will be given a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date is Thursday, November 2nd. Lamb Weston Holdings’s dividend payout ratio is presently 33.63%.
Several large investors have recently made changes to their positions in LW. Janus Henderson Group PLC grew its position in shares of Lamb Weston Holdings by 33,787.6% during the 2nd quarter. Janus Henderson Group PLC now owns 2,676,101 shares of the specialty retailer’s stock valued at $117,856,000 after buying an additional 2,668,204 shares during the last quarter. Conatus Capital Management LP bought a new stake in shares of Lamb Weston Holdings during the 2nd quarter valued at about $41,925,000. Balyasny Asset Management LLC grew its position in shares of Lamb Weston Holdings by 5,398.6% during the 2nd quarter. Balyasny Asset Management LLC now owns 716,192 shares of the specialty retailer’s stock valued at $31,541,000 after buying an additional 703,167 shares during the last quarter. Harris Associates L P bought a new stake in shares of Lamb Weston Holdings during the 2nd quarter valued at about $30,823,000. Finally, Renaissance Technologies LLC grew its position in shares of Lamb Weston Holdings by 596.0% during the 2nd quarter. Renaissance Technologies LLC now owns 569,300 shares of the specialty retailer’s stock valued at $25,072,000 after buying an additional 487,500 shares during the last quarter. 79.78% of the stock is owned by institutional investors and hedge funds.
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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