Lamb Weston Holdings Inc (NYSE:LW) Director Purchases $149,250.00 in Stock
Lamb Weston Holdings Inc (NYSE:LW) Director Robert A. Niblock bought 2,500 shares of the company’s stock in a transaction that occurred on Thursday, July 30th. The stock was purchased at an average price of $59.70 per share, for a total transaction of $149,250.00. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink.
Shares of LW stock opened at $59.32 on Friday. The company has a debt-to-equity ratio of 12.47, a current ratio of 2.25 and a quick ratio of 0.84. The company has a market cap of $8.74 billion, a price-to-earnings ratio of 23.92, a PEG ratio of 7.72 and a beta of 0.82. The stock has a 50 day simple moving average of $65.14 and a 200-day simple moving average of $69.80. Lamb Weston Holdings Inc has a 1-year low of $39.06 and a 1-year high of $96.32.
Lamb Weston (NYSE:LW) last announced its earnings results on Tuesday, July 28th. The specialty retailer reported ($0.01) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.17). The business had revenue of $846.90 million for the quarter, compared to analyst estimates of $829.33 million. Lamb Weston had a return on equity of 183.08% and a net margin of 9.65%. The company’s quarterly revenue was down 15.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.74 earnings per share. Analysts anticipate that Lamb Weston Holdings Inc will post 2.28 earnings per share for the current fiscal year.
Several hedge funds have recently made changes to their positions in LW. Jane Street Group LLC acquired a new position in Lamb Weston in the 4th quarter valued at $246,000. Profund Advisors LLC acquired a new position in Lamb Weston in the 4th quarter valued at $239,000. Geode Capital Management LLC raised its stake in Lamb Weston by 5.2% in the 4th quarter. Geode Capital Management LLC now owns 2,348,539 shares of the specialty retailer’s stock valued at $201,645,000 after purchasing an additional 116,991 shares during the last quarter. National Pension Service raised its stake in Lamb Weston by 6,225.7% in the 4th quarter. National Pension Service now owns 246,005 shares of the specialty retailer’s stock valued at $21,164,000 after purchasing an additional 242,116 shares during the last quarter. Finally, Redpoint Investment Management Pty Ltd acquired a new position in Lamb Weston in the 4th quarter valued at $227,000. 85.53% of the stock is owned by institutional investors and hedge funds.
A number of research analysts have issued reports on the company. Jefferies Financial Group reissued a “hold” rating and issued a $45.00 price target on shares of Lamb Weston in a report on Thursday, April 2nd. Barclays reissued a “buy” rating and issued a $60.00 price target on shares of Lamb Weston in a report on Tuesday, May 19th. Zacks Investment Research downgraded Lamb Weston from a “hold” rating to a “sell” rating and set a $70.00 price target for the company. in a report on Wednesday, July 15th. Stifel Nicolaus decreased their price target on Lamb Weston from $92.00 to $57.00 and set a “hold” rating for the company in a report on Thursday, April 2nd. Finally, JPMorgan Chase & Co. decreased their price target on Lamb Weston from $62.00 to $55.00 and set a “neutral” rating for the company in a report on Thursday, April 2nd. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $57.40.
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, and appetizers under the Lamb Weston brand name, as well as various customer labels.
See Also: How Does the Quiet Period Work?
Receive News & Ratings for Lamb Weston Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lamb Weston and related companies with MarketBeat.com's FREE daily email newsletter.