Lamb Weston Holdings, Inc. (NYSE:LW – Get Free Report) was the target of some unusual options trading on Tuesday. Stock traders purchased 35,906 put options on the company. This is an increase of approximately 291% compared to the average volume of 9,194 put options.
Lamb Weston Price Performance
LW opened at $60.89 on Thursday. The stock has a market capitalization of $8.68 billion, a PE ratio of 24.07, a P/E/G ratio of 1.47 and a beta of 0.73. The company’s 50 day simple moving average is $70.13 and its 200 day simple moving average is $68.96. Lamb Weston has a 1 year low of $52.99 and a 1 year high of $110.46. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.53 and a current ratio of 1.35.
Lamb Weston (NYSE:LW – Get Free Report) last released its quarterly earnings data on Thursday, December 19th. The specialty retailer reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.01 by ($0.35). The business had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.67 billion. Lamb Weston had a return on equity of 27.82% and a net margin of 5.80%. Lamb Weston’s revenue was down 7.5% on a year-over-year basis. During the same period in the previous year, the company earned $1.45 EPS. As a group, sell-side analysts expect that Lamb Weston will post 3.11 EPS for the current year.
Lamb Weston Increases Dividend
Analyst Ratings Changes
Several research firms have recently commented on LW. Citigroup lowered shares of Lamb Weston from a “buy” rating to a “neutral” rating and lowered their price target for the company from $90.00 to $68.00 in a research report on Friday, December 20th. Jefferies Financial Group increased their target price on Lamb Weston from $80.00 to $95.00 and gave the company a “buy” rating in a report on Tuesday, December 17th. Bank of America increased their target price on Lamb Weston from $68.00 to $80.00 and gave the company a “neutral” rating in a report on Monday, October 21st. Barclays decreased their price objective on Lamb Weston from $87.00 to $69.00 and set an “overweight” rating on the stock in a research note on Monday, December 23rd. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Lamb Weston in a research note on Thursday, December 12th. They set a “hold” rating and a $81.00 price objective on the stock. Eight analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $81.00.
View Our Latest Stock Analysis on LW
Insider Activity
In related news, Director Charles A. Blixt bought 1,200 shares of the stock in a transaction on Monday, December 23rd. The shares were bought at an average cost of $63.25 per share, for a total transaction of $75,900.00. Following the completion of the transaction, the director now owns 22,982 shares of the company’s stock, valued at $1,453,611.50. This represents a 5.51 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert A. Niblock purchased 3,000 shares of the stock in a transaction that occurred on Monday, January 13th. The stock was purchased at an average price of $60.94 per share, for a total transaction of $182,820.00. Following the acquisition, the director now owns 26,406 shares in the company, valued at approximately $1,609,181.64. This trade represents a 12.82 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.72% of the company’s stock.
Institutional Investors Weigh In On Lamb Weston
A number of large investors have recently modified their holdings of LW. Southpoint Capital Advisors LP acquired a new position in Lamb Weston in the 3rd quarter worth $129,480,000. Clarkston Capital Partners LLC lifted its holdings in Lamb Weston by 108.7% in the 3rd quarter. Clarkston Capital Partners LLC now owns 3,107,929 shares of the specialty retailer’s stock worth $201,207,000 after buying an additional 1,618,570 shares in the last quarter. Massachusetts Financial Services Co. MA acquired a new position in shares of Lamb Weston in the third quarter worth about $86,883,000. TPG GP A LLC lifted its stake in shares of Lamb Weston by 74.4% in the second quarter. TPG GP A LLC now owns 2,924,230 shares of the specialty retailer’s stock worth $245,869,000 after acquiring an additional 1,247,206 shares in the last quarter. Finally, Marshall Wace LLP lifted its stake in shares of Lamb Weston by 78.5% in the second quarter. Marshall Wace LLP now owns 1,888,556 shares of the specialty retailer’s stock worth $158,790,000 after acquiring an additional 830,511 shares in the last quarter. Institutional investors and hedge funds own 89.56% of the company’s stock.
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.
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