Lamb Weston Holdings, Inc. (NYSE:LW – Get Rating) has received an average rating of “Moderate Buy” from the seven analysts that are presently covering the company, Marketbeat reports. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $88.20.
LW has been the topic of a number of research analyst reports. The Goldman Sachs Group increased their target price on Lamb Weston from $72.00 to $80.00 and gave the company a “neutral” rating in a research note on Wednesday, October 12th. JPMorgan Chase & Co. increased their target price on Lamb Weston from $98.00 to $101.00 and gave the company an “overweight” rating in a research note on Thursday, October 6th. TheStreet raised Lamb Weston from a “c+” rating to a “b” rating in a research note on Wednesday, October 5th. Stifel Nicolaus upped their price target on shares of Lamb Weston from $82.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, October 6th. Finally, StockNews.com lowered shares of Lamb Weston from a “buy” rating to a “hold” rating in a research report on Saturday, November 19th.
Insider Transactions at Lamb Weston
In other news, SVP Sharon L. Miller sold 4,678 shares of the stock in a transaction dated Thursday, October 13th. The shares were sold at an average price of $85.00, for a total transaction of $397,630.00. Following the completion of the sale, the senior vice president now directly owns 59,678 shares in the company, valued at $5,072,630. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.80% of the stock is currently owned by company insiders.
Institutional Trading of Lamb Weston
Lamb Weston Trading Up 0.3 %
Lamb Weston stock opened at $86.40 on Friday. The stock has a market cap of $12.43 billion, a P/E ratio of 31.19, a PEG ratio of 1.06 and a beta of 0.54. Lamb Weston has a fifty-two week low of $49.71 and a fifty-two week high of $88.04. The firm’s fifty day moving average price is $82.37 and its 200-day moving average price is $76.42. The company has a debt-to-equity ratio of 5.29, a quick ratio of 1.27 and a current ratio of 2.09.
Lamb Weston (NYSE:LW – Get Rating) last released its earnings results on Wednesday, October 5th. The specialty retailer reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.23. The business had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.14 billion. Lamb Weston had a return on equity of 93.98% and a net margin of 9.50%. The firm’s revenue was up 14.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.20 earnings per share. Equities research analysts forecast that Lamb Weston will post 3.03 earnings per share for the current fiscal year.
Lamb Weston Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, December 2nd. Stockholders of record on Friday, November 4th will be issued a dividend of $0.245 per share. The ex-dividend date of this dividend is Thursday, November 3rd. This represents a $0.98 dividend on an annualized basis and a dividend yield of 1.13%. Lamb Weston’s dividend payout ratio is currently 35.38%.
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, commercial ingredients, and appetizers under the Lamb Weston brand, as well as under various customer labels.
- Get a free copy of the StockNews.com research report on Lamb Weston (LW)
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