Lamb Weston Holdings, Inc. (NYSE:LW) Receives Average Rating of “Hold” from Analysts

Shares of Lamb Weston Holdings, Inc. (NYSE:LW – Get Rating) have been assigned a consensus recommendation of “Hold” from the seven ratings firms that are covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $118.40.

Several research analysts have recently commented on LW shares. Barclays raised their target price on shares of Lamb Weston from $110.00 to $120.00 and gave the stock an “equal weight” rating in a report on Monday, April 10th. JPMorgan Chase & Co. lifted their price objective on shares of Lamb Weston from $112.00 to $122.00 and gave the company an “overweight” rating in a research note on Monday, April 10th. Bank of America lifted their price objective on shares of Lamb Weston from $115.00 to $128.00 and gave the company a “buy” rating in a research note on Monday, April 10th. Stifel Nicolaus began coverage on shares of Lamb Weston in a research note on Thursday, April 13th. They issued a “hold” rating and a $115.00 price objective on the stock. Finally, StockNews.com began coverage on shares of Lamb Weston in a research report on Thursday, May 18th. They issued a “hold” rating on the stock.

Insider Transactions at Lamb Weston

In other news, SVP Sharon L. Miller sold 4,350 shares of Lamb Weston stock in a transaction on Friday, May 19th. The shares were sold at an average price of $115.00, for a total transaction of $500,250.00. Following the transaction, the senior vice president now owns 49,859 shares in the company, valued at $5,733,785. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On Lamb Weston

A number of hedge funds have recently modified their holdings of the business. Bank of Hawaii lifted its holdings in Lamb Weston by 1.9% in the first quarter. Bank of Hawaii now owns 5,200 shares of the specialty retailer’s stock valued at $544,000 after buying an additional 96 shares during the period. Louisiana State Employees Retirement System lifted its holdings in Lamb Weston by 1.1% in the first quarter. Louisiana State Employees Retirement System now owns 9,400 shares of the specialty retailer’s stock valued at $982,000 after buying an additional 100 shares during the period. Huntington National Bank lifted its holdings in Lamb Weston by 4.2% in the fourth quarter. Huntington National Bank now owns 2,531 shares of the specialty retailer’s stock valued at $226,000 after buying an additional 102 shares during the period. Greenleaf Trust increased its stake in Lamb Weston by 3.4% in the first quarter. Greenleaf Trust now owns 3,235 shares of the specialty retailer’s stock valued at $338,000 after purchasing an additional 107 shares in the last quarter. Finally, Czech National Bank increased its stake in Lamb Weston by 0.6% in the first quarter. Czech National Bank now owns 16,947 shares of the specialty retailer’s stock valued at $1,771,000 after purchasing an additional 109 shares in the last quarter. Institutional investors and hedge funds own 89.87% of the company’s stock.

Lamb Weston Stock Down 0.3 %

Lamb Weston stock opened at $108.94 on Friday. Lamb Weston has a twelve month low of $62.62 and a twelve month high of $115.31. The company’s 50-day moving average price is $108.17 and its two-hundred day moving average price is $98.39. The stock has a market cap of $15.87 billion, a P/E ratio of 29.13, a P/E/G ratio of 0.57 and a beta of 0.53. The company has a quick ratio of 1.57, a current ratio of 2.59 and a debt-to-equity ratio of 4.43.

Lamb Weston (NYSE:LW – Get Rating) last announced its earnings results on Thursday, April 6th. The specialty retailer reported $1.43 EPS for the quarter, topping the consensus estimate of $0.98 by $0.45. Lamb Weston had a net margin of 11.27% and a return on equity of 110.40%. The company had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.16 billion. During the same period last year, the firm earned $0.73 earnings per share. The business’s revenue for the quarter was up 26.0% on a year-over-year basis. As a group, analysts expect that Lamb Weston will post 4.51 EPS for the current year.

Lamb Weston Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 2nd. Stockholders of record on Friday, May 5th will be issued a dividend of $0.28 per share. The ex-dividend date of this dividend is Thursday, May 4th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.03%. Lamb Weston’s dividend payout ratio (DPR) is presently 29.95%.

Lamb Weston Company Profile

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Lamb Weston Holdings, Inc engages in the production, distribution, and marketing of value-added frozen potato products. It operates through the following business segments: Global, Foodservice, Retail, and Other. The Global segment includes branded and private label frozen potato products sold in North America and international markets.