Lamb Weston Holdings Inc (NYSE:LW) VP Bernadette M. Madarieta sold 1,320 shares of the firm’s stock in a transaction that occurred on Tuesday, October 22nd. The stock was sold at an average price of $75.59, for a total transaction of $99,778.80. Following the transaction, the vice president now directly owns 14,777 shares of the company’s stock, valued at $1,116,993.43. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
LW traded down $0.52 during trading on Wednesday, reaching $74.81. 1,136,893 shares of the company’s stock were exchanged, compared to its average volume of 1,497,815. Lamb Weston Holdings Inc has a 1 year low of $58.83 and a 1 year high of $83.86. The company has a debt-to-equity ratio of 23.94, a current ratio of 1.68 and a quick ratio of 0.81. The stock has a market capitalization of $11.22 billion, a P/E ratio of 23.23, a price-to-earnings-growth ratio of 2.90 and a beta of 0.17. The company’s fifty day simple moving average is $74.25 and its 200-day simple moving average is $68.11.
Lamb Weston (NYSE:LW) last posted its quarterly earnings results on Wednesday, October 2nd. The specialty retailer reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.01. The company had revenue of $989.00 million during the quarter, compared to analyst estimates of $971.45 million. Lamb Weston had a net margin of 12.44% and a negative return on equity of 1,426.55%. Lamb Weston’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period last year, the firm posted $0.73 EPS. Equities analysts forecast that Lamb Weston Holdings Inc will post 3.45 EPS for the current year.
Several large investors have recently bought and sold shares of LW. First Trust Advisors LP increased its holdings in shares of Lamb Weston by 25.2% during the 1st quarter. First Trust Advisors LP now owns 320,282 shares of the specialty retailer’s stock valued at $24,002,000 after purchasing an additional 64,418 shares in the last quarter. FMR LLC grew its stake in Lamb Weston by 5.8% in the 1st quarter. FMR LLC now owns 1,631,143 shares of the specialty retailer’s stock valued at $122,238,000 after acquiring an additional 89,544 shares during the period. Copper Rock Capital Partners LLC grew its stake in Lamb Weston by 16.1% in the 2nd quarter. Copper Rock Capital Partners LLC now owns 196,615 shares of the specialty retailer’s stock valued at $12,458,000 after acquiring an additional 27,209 shares during the period. NN Investment Partners Holdings N.V. grew its stake in Lamb Weston by 1,034.7% in the 2nd quarter. NN Investment Partners Holdings N.V. now owns 282,678 shares of the specialty retailer’s stock valued at $17,911,000 after acquiring an additional 257,766 shares during the period. Finally, Nisa Investment Advisors LLC grew its stake in Lamb Weston by 2.0% in the 2nd quarter. Nisa Investment Advisors LLC now owns 66,910 shares of the specialty retailer’s stock valued at $4,239,000 after acquiring an additional 1,299 shares during the period. 87.18% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have issued reports on LW shares. Zacks Investment Research raised shares of Lamb Weston from a “strong sell” rating to a “hold” rating and set a $55.00 price target for the company in a research report on Friday, July 26th. TheStreet raised shares of Lamb Weston from a “d+” rating to a “c+” rating in a research report on Wednesday, October 2nd. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Lamb Weston presently has a consensus rating of “Buy” and a consensus price target of $75.71.
Lamb Weston Company Profile
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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