Traders Buy Lamb Weston (LW) on Weakness

Investors purchased shares of Lamb Weston Holdings Inc (NYSE:LW) on weakness during trading on Tuesday. $25.64 million flowed into the stock on the tick-up and $10.95 million flowed out of the stock on the tick-down, for a money net flow of $14.69 million into the stock. Of all companies tracked, Lamb Weston had the 26th highest net in-flow for the day. Lamb Weston traded down ($0.51) for the day and closed at $69.70

A number of analysts have issued reports on the stock. Bank of America downgraded shares of Lamb Weston from a “buy” rating to a “neutral” rating and lifted their price target for the company from $75.00 to $85.00 in a report on Thursday, November 15th. Jefferies Financial Group set a $85.00 price objective on shares of Lamb Weston and gave the stock a “buy” rating in a research note on Friday, January 4th. Barclays lifted their price objective on shares of Lamb Weston from $76.00 to $82.00 and gave the stock an “overweight” rating in a research note on Monday, January 7th. Zacks Investment Research cut shares of Lamb Weston from a “buy” rating to a “hold” rating in a research note on Wednesday, March 6th. Finally, Stifel Nicolaus raised shares of Lamb Weston from a “hold” rating to a “buy” rating and set a $80.00 price target for the company in a research note on Tuesday, January 22nd. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. Lamb Weston has an average rating of “Hold” and a consensus price target of $77.14.

The company has a market capitalization of $10.23 billion, a P/E ratio of 25.64, a PEG ratio of 1.90 and a beta of -0.19.

Lamb Weston (NYSE:LW) last released its quarterly earnings results on Friday, January 4th. The specialty retailer reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.10. Lamb Weston had a net margin of 13.13% and a negative return on equity of 160.25%. The firm had revenue of $911.40 million during the quarter, compared to analysts’ expectations of $897.08 million. During the same period in the previous year, the company earned $0.54 EPS. The firm’s revenue for the quarter was up 10.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Lamb Weston Holdings Inc will post 3.05 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 1st were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Thursday, January 31st. This is a boost from Lamb Weston’s previous quarterly dividend of $0.19. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.17%. Lamb Weston’s payout ratio is currently 30.08%.

A number of institutional investors have recently added to or reduced their stakes in LW. Capital International Investors purchased a new stake in Lamb Weston in the 3rd quarter valued at about $198,541,000. Oregon Public Employees Retirement Fund boosted its position in Lamb Weston by 4,768.8% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,807,491 shares of the specialty retailer’s stock valued at $38,000 after buying an additional 2,749,828 shares during the period. Millennium Management LLC boosted its position in Lamb Weston by 372.0% in the 4th quarter. Millennium Management LLC now owns 2,900,859 shares of the specialty retailer’s stock valued at $213,387,000 after buying an additional 2,286,275 shares during the period. Norges Bank purchased a new stake in Lamb Weston in the 4th quarter valued at about $107,505,000. Finally, Two Sigma Investments LP raised its holdings in shares of Lamb Weston by 649.6% in the 4th quarter. Two Sigma Investments LP now owns 1,169,616 shares of the specialty retailer’s stock valued at $86,037,000 after purchasing an additional 1,013,584 shares in the last quarter. 82.12% of the stock is owned by institutional investors.

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Lamb Weston Company Profile (NYSE:LW)

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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