Analysts Set Lamb Weston Holdings Inc (NYSE:LW) Target Price at $61.33

Lamb Weston Holdings Inc (NYSE:LW) has received an average rating of “Hold” from the eight analysts that are currently covering the firm, Marketbeat reports. Six analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $61.33.

Several equities analysts have recently commented on LW shares. TheStreet raised Lamb Weston from a “c+” rating to a “b” rating in a research report on Wednesday, October 7th. Zacks Investment Research raised Lamb Weston from a “sell” rating to a “hold” rating and set a $76.00 target price on the stock in a research report on Thursday, October 8th. Finally, Bank of America increased their price target on Lamb Weston from $70.00 to $75.00 and gave the stock a “neutral” rating in a research report on Thursday, October 8th.

In related news, Director Robert A. Niblock bought 2,500 shares of the stock in a transaction that occurred on Thursday, July 30th. The stock was acquired at an average cost of $59.70 per share, with a total value of $149,250.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.81% of the stock is currently owned by corporate insiders.

Several hedge funds have recently bought and sold shares of the company. Fred Alger Management LLC grew its stake in shares of Lamb Weston by 196.2% in the 1st quarter. Fred Alger Management LLC now owns 548 shares of the specialty retailer’s stock valued at $31,000 after buying an additional 363 shares during the period. Carroll Financial Associates Inc. raised its holdings in Lamb Weston by 209.7% during the 2nd quarter. Carroll Financial Associates Inc. now owns 573 shares of the specialty retailer’s stock valued at $36,000 after acquiring an additional 388 shares during the period. Rosenberg Matthew Hamilton raised its holdings in Lamb Weston by 35.4% during the 2nd quarter. Rosenberg Matthew Hamilton now owns 754 shares of the specialty retailer’s stock valued at $48,000 after acquiring an additional 197 shares during the period. CWM LLC raised its holdings in Lamb Weston by 44.8% during the 2nd quarter. CWM LLC now owns 918 shares of the specialty retailer’s stock valued at $59,000 after acquiring an additional 284 shares during the period. Finally, Old North State Trust LLC bought a new stake in Lamb Weston during the 3rd quarter valued at $63,000. 96.34% of the stock is owned by hedge funds and other institutional investors.

NYSE:LW traded down $0.54 on Friday, hitting $72.70. The company’s stock had a trading volume of 963,964 shares, compared to its average volume of 1,382,135. The company has a current ratio of 3.44, a quick ratio of 2.58 and a debt-to-equity ratio of 8.98. The stock has a fifty day moving average of $66.39 and a two-hundred day moving average of $62.74. The firm has a market capitalization of $10.64 billion, a P/E ratio of 31.47, a price-to-earnings-growth ratio of 4.38 and a beta of 0.71. Lamb Weston has a one year low of $39.06 and a one year high of $96.32.

Lamb Weston (NYSE:LW) last posted its earnings results on Monday, October 12th. The specialty retailer reported $0.61 EPS for the quarter, beating the consensus estimate of $0.30 by $0.31. Lamb Weston had a return on equity of 130.91% and a net margin of 9.24%. The company had revenue of $871.50 million for the quarter, compared to the consensus estimate of $873.60 million. During the same quarter in the prior year, the business earned $0.79 earnings per share. The firm’s revenue for the quarter was down 11.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Lamb Weston will post 2.38 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 4th. Stockholders of record on Friday, November 6th will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date is Thursday, November 5th. Lamb Weston’s payout ratio is 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.

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Analyst Recommendations for Lamb Weston (NYSE:LW)

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