Analysts Set Lamb Weston Holdings, Inc. (NYSE:LW) Price Target at $117.40

Lamb Weston Holdings, Inc. (NYSE:LW) has received a consensus rating of “Buy” from the ten brokerages that are currently covering the company, MarketBeat.com reports. Ten research analysts have rated the stock with a buy rating. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $117.40.

Several research analysts have recently weighed in on the company. BNP Paribas initiated coverage on Lamb Weston in a research report on Monday, March 11th. They issued an “outperform” rating and a $128.00 price objective for the company. Stifel Nicolaus lowered their target price on Lamb Weston from $130.00 to $115.00 and set a “buy” rating for the company in a report on Friday, April 5th. Wells Fargo & Company cut their price target on Lamb Weston from $128.00 to $98.00 and set an “overweight” rating on the stock in a report on Friday, April 5th. Bank of America lowered their price objective on shares of Lamb Weston from $138.00 to $113.00 and set a “buy” rating for the company in a research note on Friday, April 5th. Finally, Citigroup cut their target price on shares of Lamb Weston from $132.00 to $106.00 and set a “buy” rating on the stock in a research note on Monday, April 8th.

Institutional Trading of Lamb Weston

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

Lamb Weston Stock Performance

NYSE:LW opened at $85.10 on Friday. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.52 and a current ratio of 1.19. Lamb Weston has a fifty-two week low of $77.41 and a fifty-two week high of $117.38. The company has a 50 day simple moving average of $93.00 and a two-hundred day simple moving average of $98.44. The company has a market capitalization of $12.29 billion, a PE ratio of 11.36, a P/E/G ratio of 1.38 and a beta of 0.79.

Lamb Weston (NYSE:LW) last posted its quarterly earnings data on Thursday, April 4th. The specialty retailer reported $1.20 earnings per share for the quarter, missing the consensus estimate of $1.40 by ($0.20). The firm had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.65 billion. Lamb Weston had a return on equity of 50.74% and a net margin of 16.71%. The company’s quarterly revenue was up 16.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.43 earnings per share. Research analysts anticipate that Lamb Weston will post 5.54 earnings per share for the current year.

Lamb Weston Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 3rd will be given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.69%. The ex-dividend date is Thursday, May 2nd. Lamb Weston’s payout ratio is presently 19.23%.

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.