Lamb Weston (LW) Sees Unusually-High Trading Volume

Shares of Lamb Weston Holdings Inc. (NYSE:LW) saw strong trading volume on Friday . 2,592,257 shares changed hands during mid-day trading, an increase of 162% from the previous session’s volume of 990,946 shares.The stock last traded at $55.50 and had previously closed at $55.45.

Several equities analysts have issued reports on the company. Jefferies Group reiterated a “buy” rating and issued a $53.00 price objective on shares of Lamb Weston in a research report on Monday, September 25th. Morgan Stanley reiterated an “equal weight” rating and issued a $50.00 price objective (up previously from $46.00) on shares of Lamb Weston in a research report on Thursday, October 5th. Zacks Investment Research upgraded Lamb Weston from a “hold” rating to a “buy” rating and set a $54.00 price objective for the company in a research report on Friday, October 6th. Finally, Bank of America lifted their price objective on Lamb Weston from $52.00 to $57.00 and gave the company a “buy” rating in a research report on Monday, November 6th. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $50.63.

The company has a current ratio of 1.62, a quick ratio of 0.67 and a debt-to-equity ratio of -4.10. The firm has a market cap of $8,110.00 and a PE ratio of 24.26.

Lamb Weston (NYSE:LW) last released its earnings results on Wednesday, October 4th. The specialty retailer reported $0.57 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.07. The company had revenue of $817.50 million during the quarter, compared to analysts’ expectations of $795.61 million. Lamb Weston had a negative return on equity of 50.81% and a net margin of 10.31%. The firm’s revenue for the quarter was up 5.3% compared to the same quarter last year. research analysts predict that Lamb Weston Holdings Inc. will post 2.36 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Friday, November 3rd were paid a $0.1875 dividend. The ex-dividend date was Thursday, November 2nd. This represents a $0.75 annualized dividend and a dividend yield of 1.35%. Lamb Weston’s dividend payout ratio (DPR) is currently 33.48%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Lamb Weston by 2.4% in the 2nd quarter. Vanguard Group Inc. now owns 12,089,698 shares of the specialty retailer’s stock valued at $532,430,000 after buying an additional 279,578 shares during the period. BlackRock Inc. increased its stake in shares of Lamb Weston by 2.2% in the 2nd quarter. BlackRock Inc. now owns 11,872,986 shares of the specialty retailer’s stock valued at $522,887,000 after buying an additional 260,164 shares during the period. State Street Corp increased its stake in shares of Lamb Weston by 2.7% in the 2nd quarter. State Street Corp now owns 3,922,298 shares of the specialty retailer’s stock valued at $172,731,000 after buying an additional 103,358 shares during the period. Kensico Capital Management Corp increased its stake in shares of Lamb Weston by 56.9% in the 3rd quarter. Kensico Capital Management Corp now owns 3,640,000 shares of the specialty retailer’s stock valued at $170,680,000 after buying an additional 1,320,000 shares during the period. Finally, Janus Henderson Group PLC increased its stake in shares of Lamb Weston by 3.3% in the 3rd quarter. Janus Henderson Group PLC now owns 2,765,291 shares of the specialty retailer’s stock valued at $129,664,000 after buying an additional 89,190 shares during the period. 79.41% of the stock is owned by institutional investors.

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About Lamb Weston

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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