Lamb Weston Holdings Inc. (NYSE:LW)‘s stock had its “equal weight” rating reaffirmed by equities research analysts at Morgan Stanley in a report released on Wednesday, July 26th. They presently have a $46.00 price target on the specialty retailer’s stock, up from their previous price target of $45.00. Morgan Stanley’s price target would indicate a potential upside of 2.66% from the company’s previous close.
A number of other equities research analysts have also recently issued reports on LW. Zacks Investment Research cut shares of Lamb Weston Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday, May 24th. Jefferies Group LLC raised their target price on shares of Lamb Weston Holdings from $48.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, April 7th. CL King initiated coverage on shares of Lamb Weston Holdings in a research note on Tuesday, May 23rd. They set a “strong-buy” rating and a $55.00 price objective on the stock. Stifel Nicolaus lowered shares of Lamb Weston Holdings from a “buy” rating to a “hold” rating and lifted their price target for the company from $42.00 to $44.00 in a research note on Friday, April 7th. Finally, Bank of America Corporation lifted their price objective on shares of Lamb Weston Holdings from $46.00 to $48.00 and gave the company a “buy” rating in a report on Monday, July 10th. Four analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. Lamb Weston Holdings presently has a consensus rating of “Buy” and an average price target of $46.22.
Lamb Weston Holdings (NYSE:LW) traded up 1.06% during midday trading on Wednesday, hitting $44.81. 452,938 shares of the stock traded hands. The company has a 50-day moving average of $44.09 and a 200-day moving average of $42.64. Lamb Weston Holdings has a 1-year low of $28.75 and a 1-year high of $49.94. The stock has a market cap of $6.55 billion and a PE ratio of 20.18.
Lamb Weston Holdings (NYSE:LW) last announced its quarterly earnings data on Tuesday, July 25th. The specialty retailer reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.03. The business had revenue of $833 million during the quarter, compared to analyst estimates of $810.85 million. During the same quarter in the prior year, the company posted $0.29 EPS. The company’s quarterly revenue was up 7.2% compared to the same quarter last year. On average, equities analysts expect that Lamb Weston Holdings will post $2.30 EPS for the current fiscal year.
Several institutional investors have recently bought and sold shares of the company. Schroder Investment Management Group purchased a new position in shares of Lamb Weston Holdings during the second quarter worth about $106,000. First Mercantile Trust Co. bought a new stake in Lamb Weston Holdings during the second quarter worth approximately $137,000. OLD Mutual Customised Solutions Proprietary Ltd. raised its stake in Lamb Weston Holdings by 165.9% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 3,366 shares of the specialty retailer’s stock worth $142,000 after buying an additional 2,100 shares during the last quarter. IndexIQ Advisors LLC bought a new stake in Lamb Weston Holdings during the second quarter worth approximately $149,000. Finally, Transamerica Financial Advisors Inc. raised its stake in shares of Lamb Weston Holdings by 0.7% in the first quarter. Transamerica Financial Advisors Inc. now owns 3,845 shares of the specialty retailer’s stock valued at $162,000 after buying an additional 26 shares in the last quarter. Hedge funds and other institutional investors own 77.26% of the company’s stock.
Lamb Weston Holdings Company Profile
Lamb Weston Holdings, Inc (Lamb Weston), is a supplier of frozen potato, sweet potato, appetizer and vegetable products to restaurants and retailers around the world. The Company’s segments include Global, Foodservice, Retail and Other. The Global segment includes operations associated with Lamb Weston’s business with large chain restaurant customers, whether those results are generated in the United States or abroad, as well as operations associated with retail and foodservice customers located outside of the United States and Canada.
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