Equities researchers at Consumer Edge started coverage on shares of Lamb Weston (NYSE:LW) in a research report issued to clients and investors on Friday, MarketBeat.com reports. The brokerage set an “outperform” rating on the specialty retailer’s stock.
A number of other analysts have also commented on the company. Jefferies Financial Group set a $85.00 price objective on Lamb Weston and gave the company a “buy” rating in a research note on Friday, January 4th. Barclays increased their price objective on Lamb Weston from $76.00 to $82.00 and gave the company an “overweight” rating in a research note on Monday, January 7th. Stifel Nicolaus raised Lamb Weston from a “hold” rating to a “buy” rating and set a $80.00 price target on the stock in a research note on Tuesday, January 22nd. Daiwa Capital Markets started coverage on Lamb Weston in a research note on Wednesday, February 27th. They issued an “outperform” rating on the stock. Finally, Zacks Investment Research lowered Lamb Weston from a “hold” rating to a “sell” rating in a research note on Tuesday, March 19th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $77.14.
LW opened at $71.66 on Friday. The firm has a market cap of $10.50 billion, a P/E ratio of 26.94, a P/E/G ratio of 1.96 and a beta of -0.19. Lamb Weston has a 52 week low of $54.04 and a 52 week high of $83.86.
Lamb Weston (NYSE:LW) last posted its quarterly earnings data on Friday, January 4th. The specialty retailer reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.10. The business had revenue of $911.40 million for the quarter, compared to analyst estimates of $897.08 million. Lamb Weston had a negative return on equity of 160.25% and a net margin of 13.13%. The business’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.54 earnings per share. Research analysts expect that Lamb Weston will post 3.05 EPS for the current year.
A number of large investors have recently modified their holdings of LW. Advisors Asset Management Inc. raised its holdings in shares of Lamb Weston by 62.4% in the 4th quarter. Advisors Asset Management Inc. now owns 393 shares of the specialty retailer’s stock worth $29,000 after purchasing an additional 151 shares during the period. Princeton Global Asset Management LLC purchased a new position in shares of Lamb Weston in the 4th quarter worth about $29,000. Sun Life Financial INC purchased a new position in shares of Lamb Weston in the 4th quarter worth about $30,000. Guardian Life Insurance Co. of America purchased a new position in shares of Lamb Weston in the 4th quarter worth about $30,000. Finally, Timber Creek Capital Management LLC raised its holdings in shares of Lamb Weston by 143.5% in the 4th quarter. Timber Creek Capital Management LLC now owns 526 shares of the specialty retailer’s stock worth $38,000 after purchasing an additional 310 shares during the period. 82.03% 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 value-added frozen potato products worldwide. It operates through four segments: Global, Foodservice, Retail, and Other. The company offers frozen potatoes, sweet potatoes, and appetizers under the Lamb Weston brand name, as well as various customer labels.
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