Shares of Lamb Weston Holdings Inc (NYSE:LW) have been given an average rating of “Hold” by the nine ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $72.00.
LW has been the topic of several recent analyst reports. Jefferies Financial Group reiterated a “buy” rating and set a $80.00 target price on shares of Lamb Weston in a research report on Tuesday, October 2nd. CL King downgraded Lamb Weston from a “buy” rating to a “neutral” rating in a research report on Thursday, October 25th. ValuEngine downgraded Lamb Weston from a “buy” rating to a “hold” rating in a research report on Wednesday, August 22nd. Zacks Investment Research downgraded Lamb Weston from a “buy” rating to a “hold” rating in a research report on Tuesday, July 31st. Finally, Stifel Nicolaus increased their target price on Lamb Weston from $68.00 to $74.00 and gave the stock a “hold” rating in a research report on Wednesday, October 3rd.
Several hedge funds have recently bought and sold shares of LW. Destination Wealth Management grew its stake in shares of Lamb Weston by 191.8% in the second quarter. Destination Wealth Management now owns 1,459 shares of the specialty retailer’s stock valued at $100,000 after buying an additional 959 shares in the last quarter. Acadian Asset Management LLC grew its stake in shares of Lamb Weston by 1,114.8% in the second quarter. Acadian Asset Management LLC now owns 1,810 shares of the specialty retailer’s stock valued at $124,000 after buying an additional 1,661 shares in the last quarter. Fort L.P. acquired a new stake in shares of Lamb Weston in the second quarter valued at about $124,000. Parallel Advisors LLC grew its stake in shares of Lamb Weston by 198.5% in the second quarter. Parallel Advisors LLC now owns 1,943 shares of the specialty retailer’s stock valued at $133,000 after buying an additional 1,292 shares in the last quarter. Finally, Financial Advocates Investment Management acquired a new stake in shares of Lamb Weston in the second quarter valued at about $200,000. Institutional investors and hedge funds own 79.76% of the company’s stock.
Lamb Weston (NYSE:LW) last released its earnings results on Tuesday, October 2nd. The specialty retailer reported $0.73 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.05. Lamb Weston had a negative return on equity of 110.81% and a net margin of 12.52%. The firm had revenue of $914.90 million for the quarter, compared to the consensus estimate of $879.68 million. During the same period in the prior year, the business posted $0.57 earnings per share. The firm’s revenue for the quarter was up 11.9% compared to the same quarter last year. As a group, analysts predict that Lamb Weston will post 2.99 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 30th. Stockholders of record on Friday, November 2nd will be issued a $0.191 dividend. The ex-dividend date is Thursday, November 1st. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.93%. Lamb Weston’s dividend payout ratio (DPR) is 28.57%.
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.
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