Brokerages Set Lamb Weston Holdings, Inc. (NYSE:LW) PT at $117.40

Lamb Weston Holdings, Inc. (NYSE:LW) has been assigned an average rating of “Buy” from the ten analysts that are presently covering the company, MarketBeat reports. Ten equities research analysts have rated the stock with a buy rating. The average 12-month price objective among analysts that have covered the stock in the last year is $117.40.

Several research firms recently issued reports on LW. Wells Fargo & Company cut their target price on Lamb Weston from $128.00 to $98.00 and set an “overweight” rating on the stock in a research note on Friday, April 5th. Bank of America cut their price objective on Lamb Weston from $138.00 to $113.00 and set a “buy” rating on the stock in a research report on Friday, April 5th. Barclays cut their price objective on Lamb Weston from $125.00 to $105.00 and set an “overweight” rating on the stock in a research report on Monday, April 8th. Stifel Nicolaus cut their price objective on Lamb Weston from $130.00 to $115.00 and set a “buy” rating on the stock in a research report on Friday, April 5th. Finally, Citigroup cut their price objective on Lamb Weston from $132.00 to $106.00 and set a “buy” rating on the stock in a research report on Monday, April 8th.

Lamb Weston Stock Up 0.7 %

NYSE LW opened at $85.08 on Friday. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.19 and a quick ratio of 0.52. The stock has a market capitalization of $12.28 billion, a PE ratio of 11.36, a PEG ratio of 1.38 and a beta of 0.79. Lamb Weston has a 1 year low of $77.41 and a 1 year high of $117.38. The business’s 50-day moving average is $93.67 and its 200 day moving average is $98.47.

Lamb Weston (NYSE:LW) last posted its earnings results on Thursday, April 4th. The specialty retailer reported $1.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.40 by ($0.20). The business had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.65 billion. Lamb Weston had a return on equity of 50.74% and a net margin of 16.71%. The firm’s revenue for the quarter was up 16.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.43 earnings per share. Sell-side analysts forecast that Lamb Weston will post 5.54 earnings per share for the current year.

Lamb Weston Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 3rd will be issued a $0.36 dividend. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a $1.44 dividend on an annualized basis and a yield of 1.69%. Lamb Weston’s payout ratio is currently 19.23%.

Hedge Funds Weigh In On Lamb Weston

A number of hedge funds have recently added to or reduced their stakes in LW. WFA Asset Management Corp raised its holdings in Lamb Weston by 248.6% in the 1st quarter. WFA Asset Management Corp now owns 244 shares of the specialty retailer’s stock worth $26,000 after acquiring an additional 174 shares during the last quarter. VisionPoint Advisory Group LLC raised its stake in Lamb Weston by 113.4% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 303 shares of the specialty retailer’s stock valued at $28,000 after buying an additional 161 shares during the last quarter. Redmont Wealth Advisors LLC purchased a new stake in Lamb Weston during the 1st quarter valued at $32,000. Vima LLC purchased a new stake in Lamb Weston during the 4th quarter valued at $50,000. Finally, Headlands Technologies LLC purchased a new stake in Lamb Weston during the 4th quarter valued at $51,000. 89.56% of the stock is currently owned by hedge funds and other institutional investors.

Lamb Weston Company Profile

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.