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.
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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