2 weeks Ago By Defense World Staff
StockNews.com upgraded shares of Lamb Weston (NYSE:LW – Free Report) from a sell rating to a hold rating in a research note released on Tuesday.Several other research firms have also recently weighed in on LW.
Barclays dropped their price objective on shares of Lamb Weston from $87.00 to $69.00 and set an “overweight” rating for the company in a research report on Monday, December 23rd.
Wells Fargo & Company cut their price objective on shares of Lamb Weston from $72.00 to $66.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 2nd.
Jefferies Financial Group cut their target price on Lamb Weston from $80.00 to $75.00 and set a “buy” rating on the stock in a research note on Friday, April 11th.
Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $57.00 price target on shares of Lamb Weston in a research note on Wednesday, March 19th. Finally, Stifel Nicolaus dropped their price objective on Lamb Weston from $68.
00 to $63.00 and set a “hold” rating on the stock in a research note on Friday, April 4th. Nine equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock.
According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $71.27.
Read Our Latest Research Report on LWLamb Weston Stock PerformanceLW stock opened at $52.46 on Tuesday. The firm has a 50 day moving average of $53.
66 and a two-hundred day moving average of $64.40. The company has a quick ratio of 0.
53, a current ratio of 1.35 and a debt-to-equity ratio of 2.26.
Lamb Weston has a 12 month low of $47.90 and a 12 month high of $89.51.
The company has a market capitalization of $7.40 billion, a price-to-earnings ratio of 20.74, a P/E/G ratio of 1.
40 and a beta of 0.48. Lamb Weston (NYSE:LW – Get Free Report) last released its earnings results on Thursday, April 3rd.
The specialty retailer reported $1.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.
23. The business had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.
50 billion. Lamb Weston had a return on equity of 27.82% and a net margin of 5.
80%. The firm’s revenue for the quarter was up 4.3% compared to the same quarter last year.
During the same period last year, the business earned $1.20 earnings per share. As a group, equities analysts anticipate that Lamb Weston will post 3.
1 EPS for the current fiscal year. Lamb Weston Announces DividendThe company also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 2nd will be issued a $0.
37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.
82%. The ex-dividend date of this dividend is Friday, May 2nd. Lamb Weston’s payout ratio is 58.
04%. Institutional Trading of Lamb WestonA number of hedge funds have recently bought and sold shares of the company. Alberta Investment Management Corp purchased a new position in shares of Lamb Weston in the fourth quarter worth $2,641,000.
Atria Wealth Solutions Inc. bought a new stake in shares of Lamb Weston in the 4th quarter worth $2,850,000. Leeward Investments LLC MA raised its position in Lamb Weston by 41.
5% in the 4th quarter. Leeward Investments LLC MA now owns 156,473 shares of the specialty retailer’s stock worth $10,457,000 after buying an additional 45,904 shares during the last quarter. HB Wealth Management LLC raised its stake in Lamb Weston by 6.
5% during the 4th quarter. HB Wealth Management LLC now owns 13,343 shares of the specialty retailer’s stock valued at $892,000 after buying an additional 817 shares during the last quarter. Finally, Charles Schwab Investment Management Inc.
increased its position in Lamb Weston by 1.3% during the fourth quarter. Charles Schwab Investment Management Inc.
now owns 1,229,600 shares of the specialty retailer’s stock valued at $82,174,000 after acquiring an additional 16,092 shares during the last quarter. Institutional investors own 89.56% of the company’s stock.
About Lamb Weston (Get Free Report)Lamb Weston Holdings, Inc produces, distributes, and markets frozen potato products worldwide. The company operates through four segments: Global, Foodservice, Retail, and Other. It offers frozen potatoes, commercial ingredients, and appetizers under the Lamb Weston brand, as well as under various customer labels.
Featured StoriesFive stocks we like better than Lamb WestonGrowth Investing: Should You Adopt This Investing Strategy in 2022?How to Invest in Micro-Cap Stocks Like a ProWhat Investors Need to Know to Beat the MarketInvestors Sell Microsoft Stock on OpenAI News—Time to Buy? How to Buy Gold Stock and Invest in GoldTake-Two Interactive: A Defensive Play Set to Explode.
