Lamb Weston Holdings Inc (NYSE:LW) Receives $57.40 Consensus Target Price from Brokerages

Lamb Weston Holdings Inc (NYSE:LW) has received an average rating of “Hold” from the eight research firms that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $57.40.

Several brokerages have weighed in on LW. Zacks Investment Research lowered shares of Lamb Weston from a “hold” rating to a “sell” rating and set a $70.00 price objective for the company. in a report on Wednesday, July 15th. TheStreet lowered shares of Lamb Weston from a “b-” rating to a “c+” rating in a report on Thursday. Finally, Barclays reaffirmed a “buy” rating and issued a $60.00 price target on shares of Lamb Weston in a report on Tuesday, May 19th.

In other news, Director Robert A. Niblock bought 2,500 shares of Lamb Weston stock in a transaction on Thursday, July 30th. The stock was purchased at an average cost of $59.70 per share, with a total value of $149,250.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.82% of the company’s stock.

Institutional investors have recently bought and sold shares of the business. Cigna Investments Inc. New boosted its stake in Lamb Weston by 397.3% during the 1st quarter. Cigna Investments Inc. New now owns 18,957 shares of the specialty retailer’s stock valued at $1,083,000 after purchasing an additional 15,145 shares during the period. Macquarie Group Ltd. raised its position in shares of Lamb Weston by 7.5% during the 4th quarter. Macquarie Group Ltd. now owns 2,077,769 shares of the specialty retailer’s stock worth $178,751,000 after buying an additional 144,479 shares in the last quarter. IndexIQ Advisors LLC raised its position in shares of Lamb Weston by 23.6% during the 1st quarter. IndexIQ Advisors LLC now owns 1,839 shares of the specialty retailer’s stock worth $105,000 after buying an additional 351 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Lamb Weston by 5.2% during the 1st quarter. Principal Financial Group Inc. now owns 222,387 shares of the specialty retailer’s stock worth $12,698,000 after buying an additional 10,905 shares in the last quarter. Finally, APG Asset Management N.V. raised its position in shares of Lamb Weston by 11.1% during the 1st quarter. APG Asset Management N.V. now owns 3,495,380 shares of the specialty retailer’s stock worth $199,586,000 after buying an additional 349,551 shares in the last quarter. 85.53% of the stock is owned by hedge funds and other institutional investors.

Shares of LW stock opened at $60.08 on Tuesday. The firm has a market cap of $8.78 billion, a P/E ratio of 24.03, a P/E/G ratio of 7.58 and a beta of 0.82. The company has a debt-to-equity ratio of 12.47, a current ratio of 2.25 and a quick ratio of 0.84. Lamb Weston has a 1-year low of $39.06 and a 1-year high of $96.32. The firm has a fifty day moving average of $64.89 and a two-hundred day moving average of $69.64.

Lamb Weston (NYSE:LW) last announced its quarterly earnings data 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 company 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%. Lamb Weston’s revenue was down 15.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.74 earnings per share. On average, sell-side analysts expect that Lamb Weston will post 2.2 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Friday, August 7th will be issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 1.53%. The ex-dividend date is Thursday, August 6th. Lamb Weston’s dividend payout ratio (DPR) is presently 36.80%.

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.

Featured Article: Trading Ex-Dividend

Analyst Recommendations for Lamb Weston (NYSE:LW)

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.