Consumer Edge Begins Coverage on Lamb Weston (LW)

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Consumer Edge assumed coverage on shares of Lamb Weston (NYSE:LW) in a research report report published on Friday morning, MarketBeat reports. The firm issued an outperform rating on the specialty retailer’s stock.

LW has been the topic of a number of other reports. Zacks Investment Research lowered Lamb Weston from a hold rating to a sell rating in a research note on Tuesday, March 19th. Barclays upped their target price on Lamb Weston from $76.00 to $82.00 and gave the stock an overweight rating in a research note on Monday, January 7th. Jefferies Financial Group set a $85.00 target price on Lamb Weston and gave the stock a buy rating in a research note on Friday, January 25th. Daiwa Capital Markets began coverage on Lamb Weston in a research report on Wednesday, February 27th. They set an outperform rating on the stock. Finally, Stifel Nicolaus upgraded Lamb Weston from a hold rating to a buy rating and set a $80.00 price objective on the stock in a research report on Tuesday, January 22nd. Three research analysts have rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. Lamb Weston presently has a consensus rating of Hold and a consensus price target of $77.14.

Shares of NYSE LW opened at $72.83 on Friday. The stock has a market capitalization of $10.50 billion, a price-to-earnings ratio of 27.38, a price-to-earnings-growth ratio of 1.96 and a beta of -0.19. Lamb Weston has a twelve month low of $54.49 and a twelve month high of $83.86.

Lamb Weston (NYSE:LW) last announced its earnings results on Friday, January 4th. The specialty retailer reported $0.80 earnings per share for the quarter, topping 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 company’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.54 EPS. On average, equities analysts predict that Lamb Weston will post 3.05 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 3rd will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a $0.80 annualized dividend and a dividend yield of 1.10%. Lamb Weston’s dividend payout ratio (DPR) is presently 30.08%.

Institutional investors have recently made changes to their positions in the company. Advisors Asset Management Inc. increased its position in shares of Lamb Weston by 62.4% during the 4th quarter. Advisors Asset Management Inc. now owns 393 shares of the specialty retailer’s stock valued at $29,000 after purchasing an additional 151 shares during the last quarter. Princeton Global Asset Management LLC bought a new position in shares of Lamb Weston during the 4th quarter valued at about $29,000. Sun Life Financial INC bought a new position in shares of Lamb Weston during the 4th quarter valued at about $30,000. Guardian Life Insurance Co. of America bought a new position in Lamb Weston during the 4th quarter worth approximately $30,000. Finally, Timber Creek Capital Management LLC grew its position in Lamb Weston by 143.5% during the 4th quarter. Timber Creek Capital Management LLC now owns 526 shares of the specialty retailer’s stock worth $38,000 after acquiring an additional 310 shares during the last quarter. Hedge funds and other institutional investors own 83.07% of the company’s stock.

About Lamb Weston

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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Analyst Recommendations for Lamb Weston (NYSE:LW)

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