Barclays Increases Lamb Weston (NYSE:LW) Price Target to $120.00

Posted by Defense World Staff on Apr 11th, 2023

Lamb Weston (NYSE:LW – Get Rating) had its price objective boosted by Barclays from $110.00 to $120.00 in a research report sent to investors on Monday morning, The Fly reports.

A number of other analysts have also commented on LW. The Goldman Sachs Group upped their price objective on shares of Lamb Weston from $97.00 to $107.00 in a research note on Thursday, April 6th. Stifel Nicolaus raised their price objective on shares of Lamb Weston from $90.00 to $107.00 in a report on Friday, January 6th. JPMorgan Chase & Co. boosted their price objective on shares of Lamb Weston from $101.00 to $107.00 and gave the stock an overweight rating in a research report on Friday, January 6th. StockNews.com began coverage on shares of Lamb Weston in a research note on Thursday, March 16th. They issued a hold rating for the company. Finally, Bank of America lifted their target price on shares of Lamb Weston from $105.00 to $115.00 in a report on Friday, January 6th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average target price of $113.80.

Lamb Weston Trading Up 0.4 %

NYSE LW opened at $107.29 on Monday. The company has a market capitalization of $15.44 billion, a price-to-earnings ratio of 28.69, a price-to-earnings-growth ratio of 0.81 and a beta of 0.53. Lamb Weston has a 12 month low of $60.59 and a 12 month high of $109.70. The company’s fifty day moving average price is $100.60 and its two-hundred day moving average price is $91.94. The company has a debt-to-equity ratio of 4.43, a current ratio of 2.59 and a quick ratio of 1.07.

Lamb Weston (NYSE:LW – Get Rating) last released its quarterly earnings results on Thursday, April 6th. The specialty retailer reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.45. The company had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Lamb Weston had a return on equity of 110.40% and a net margin of 11.27%. The business’s revenue for the quarter was up 26.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.73 earnings per share. As a group, research analysts predict that Lamb Weston will post 4.43 earnings per share for the current fiscal year.

Lamb Weston Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 2nd. Investors of record on Friday, May 5th will be given a $0.28 dividend. The ex-dividend date is Thursday, May 4th. This represents a $1.12 annualized dividend and a dividend yield of 1.04%. Lamb Weston’s dividend payout ratio is presently 29.95%.

Insider Transactions at Lamb Weston

In related news, VP Gregory W. Jones sold 1,000 shares of the stock in a transaction on Thursday, January 12th. The stock was sold at an average price of $97.49, for a total value of $97,490.00. Following the transaction, the vice president now directly owns 6,384 shares of the company’s stock, valued at approximately $622,376.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.80% of the company’s stock.

Institutional Investors Weigh In On Lamb Weston

Several large investors have recently modified their holdings of LW. Vanguard Group Inc. grew its stake in shares of Lamb Weston by 0.9% in the 3rd quarter. Vanguard Group Inc. now owns 16,395,925 shares of the specialty retailer’s stock valued at $1,268,717,000 after purchasing an additional 146,496 shares during the period. State Street Corp lifted its position in Lamb Weston by 3.4% during the 1st quarter. State Street Corp now owns 5,224,012 shares of the specialty retailer’s stock worth $312,971,000 after buying an additional 172,399 shares in the last quarter. Geode Capital Management LLC raised its stake in Lamb Weston by 5.5% in the fourth quarter. Geode Capital Management LLC now owns 2,974,490 shares of the specialty retailer’s stock valued at $265,320,000 after buying an additional 154,606 shares during the period. Bank of America Corp DE lifted its holdings in shares of Lamb Weston by 7.8% during the fourth quarter. Bank of America Corp DE now owns 2,751,402 shares of the specialty retailer’s stock worth $245,865,000 after buying an additional 199,088 shares in the last quarter. Finally, Amundi increased its stake in Lamb Weston by 73.3% in the fourth quarter. Amundi now owns 2,368,387 shares of the specialty retailer’s stock valued at $230,302,000 after acquiring an additional 1,002,040 shares during the last quarter. 89.87% of the stock is owned by institutional investors.

Lamb Weston Company Profile

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Lamb Weston Holdings, Inc engages in the production, distribution, and marketing of value-added frozen potato products. It operates through the following business segments: Global, Foodservice, Retail, and Other. The Global segment includes branded and private label frozen potato products sold in North America and international markets.