Lamb Weston Holdings, Inc. (NYSE:LW – Get Free Report) Director Robert A. Niblock bought 3,000 shares of Lamb Weston stock in a transaction dated Monday, January 13th. The shares were bought at an average cost of $60.94 per share, with a total value of $182,820.00. Following the completion of the acquisition, the director now owns 26,406 shares of the company’s stock, valued at $1,609,181.64. The trade was a 12.82 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Lamb Weston Trading Down 1.1 %
Shares of LW stock opened at $59.15 on Thursday. The stock’s fifty day moving average price is $72.14 and its two-hundred day moving average price is $69.73. The company has a market cap of $8.44 billion, a PE ratio of 13.88, a P/E/G ratio of 1.42 and a beta of 0.73. Lamb Weston Holdings, Inc. has a fifty-two week low of $52.99 and a fifty-two week high of $110.61. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.54 and a current ratio of 1.19.
Lamb Weston (NYSE:LW – Get Free Report) last announced its earnings results on Thursday, December 19th. The specialty retailer reported $0.66 EPS for the quarter, missing the consensus estimate of $1.01 by ($0.35). The company had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.67 billion. Lamb Weston had a return on equity of 34.33% and a net margin of 9.57%. The firm’s quarterly revenue was down 7.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.45 earnings per share. Equities analysts predict that Lamb Weston Holdings, Inc. will post 4.26 EPS for the current fiscal year.
Lamb Weston Increases Dividend
Hedge Funds Weigh In On Lamb Weston
A number of hedge funds have recently added to or reduced their stakes in the stock. City State Bank boosted its stake in Lamb Weston by 56.2% during the 3rd quarter. City State Bank now owns 417 shares of the specialty retailer’s stock valued at $27,000 after purchasing an additional 150 shares during the last quarter. Kornitzer Capital Management Inc. KS lifted its stake in Lamb Weston by 0.8% in the third quarter. Kornitzer Capital Management Inc. KS now owns 18,756 shares of the specialty retailer’s stock valued at $1,214,000 after purchasing an additional 156 shares during the last quarter. Bridges Investment Management Inc. lifted its stake in Lamb Weston by 2.8% in the third quarter. Bridges Investment Management Inc. now owns 6,648 shares of the specialty retailer’s stock valued at $430,000 after purchasing an additional 181 shares during the last quarter. Coldstream Capital Management Inc. lifted its stake in Lamb Weston by 5.4% in the third quarter. Coldstream Capital Management Inc. now owns 3,649 shares of the specialty retailer’s stock valued at $241,000 after purchasing an additional 186 shares during the last quarter. Finally, Fulton Bank N.A. raised its holdings in Lamb Weston by 4.6% during the 3rd quarter. Fulton Bank N.A. now owns 4,592 shares of the specialty retailer’s stock valued at $297,000 after acquiring an additional 201 shares during the period. Institutional investors and hedge funds own 89.56% of the company’s stock.
Analyst Ratings Changes
Several research analysts have weighed in on LW shares. Jefferies Financial Group upped their target price on Lamb Weston from $80.00 to $95.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. Citigroup downgraded Lamb Weston from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $90.00 to $68.00 in a research report on Friday, December 20th. Wells Fargo & Company raised their target price on Lamb Weston from $70.00 to $77.00 and gave the stock an “overweight” rating in a research report on Thursday, October 3rd. Stifel Nicolaus cut their target price on Lamb Weston from $80.00 to $68.00 and set a “hold” rating for the company in a research report on Friday, December 20th. Finally, Barclays cut their price objective on Lamb Weston from $87.00 to $69.00 and set an “overweight” rating for the company in a research report on Monday, December 23rd. Eight equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Lamb Weston presently has a consensus rating of “Hold” and an average price target of $81.00.
View Our Latest Analysis on LW
About Lamb Weston
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.
Further Reading
- Five stocks we like better than Lamb Weston
- What is a Special Dividend?
- 4 Social Media Stocks Set to Gain as TikTok Ban Looms
- How to Find Undervalued Stocks
- How Do Stock Buybacks Affect Shareholders?
- Dividend Payout Ratio Calculator
- JPMorgan Chase & Co. Stock Can Hit $300 This Year
Receive News & Ratings for Lamb Weston Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lamb Weston and related companies with MarketBeat.com's FREE daily email newsletter.