Lamb Weston Holdings Inc (NYSE:LW) SVP Michael Jared Smith sold 5,500 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $91.22, for a total value of $501,710.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Lamb Weston stock opened at $91.19 on Thursday. The stock’s 50 day simple moving average is $87.40 and its two-hundred day simple moving average is $76.65. The company has a debt-to-equity ratio of 10.96, a quick ratio of 0.70 and a current ratio of 1.65. The stock has a market cap of $13.32 billion, a price-to-earnings ratio of 26.59, a PEG ratio of 2.95 and a beta of 0.20. Lamb Weston Holdings Inc has a fifty-two week low of $58.83 and a fifty-two week high of $94.46.
Lamb Weston (NYSE:LW) last posted its quarterly earnings data on Friday, January 3rd. The specialty retailer reported $0.95 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.85 by $0.10. The business had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $964.88 million. Lamb Weston had a return on equity of 869.30% and a net margin of 12.90%. The business’s revenue was up 11.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.80 EPS. On average, analysts predict that Lamb Weston Holdings Inc will post 3.5 earnings per share for the current year.
Several hedge funds have recently added to or reduced their stakes in LW. HM Payson & Co. purchased a new position in shares of Lamb Weston during the second quarter valued at approximately $43,000. Quadrant Capital Group LLC lifted its holdings in shares of Lamb Weston by 261.9% during the third quarter. Quadrant Capital Group LLC now owns 637 shares of the specialty retailer’s stock valued at $43,000 after purchasing an additional 461 shares during the last quarter. Northwest Investment Counselors LLC purchased a new position in shares of Lamb Weston during the third quarter valued at approximately $50,000. CSat Investment Advisory L.P. lifted its holdings in shares of Lamb Weston by 103.2% during the second quarter. CSat Investment Advisory L.P. now owns 817 shares of the specialty retailer’s stock valued at $52,000 after purchasing an additional 415 shares during the last quarter. Finally, Vigilant Capital Management LLC purchased a new position in shares of Lamb Weston during the fourth quarter valued at approximately $54,000. Hedge funds and other institutional investors own 88.13% of the company’s stock.
LW has been the topic of several recent analyst reports. ValuEngine cut Lamb Weston from a “buy” rating to a “hold” rating in a research note on Friday, November 29th. Stifel Nicolaus cut Lamb Weston from a “buy” rating to a “hold” rating and lifted their price objective for the company from $81.00 to $92.00 in a research report on Sunday, January 5th. Barclays set a $83.00 price objective on Lamb Weston and gave the company a “buy” rating in a research report on Friday, November 1st. TheStreet raised Lamb Weston from a “c+” rating to a “b” rating in a research report on Monday, October 28th. Finally, Jefferies Financial Group started coverage on Lamb Weston in a research report on Wednesday. They set a “hold” rating and a $96.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $83.86.
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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