Lamb Weston Holdings, Inc. (NYSE:LW – Get Rating) saw a large growth in short interest in the month of March. As of March 31st, there was short interest totalling 2,540,000 shares, a growth of 36.6% from the March 15th total of 1,860,000 shares. Currently, 1.8% of the company’s shares are sold short. Based on an average daily trading volume, of 1,440,000 shares, the short-interest ratio is currently 1.8 days.
NYSE LW traded down $1.55 on Monday, reaching $67.16. The company had a trading volume of 942,348 shares, compared to its average volume of 1,434,751. The firm has a market capitalization of $9.70 billion, a price-to-earnings ratio of 43.21, a price-to-earnings-growth ratio of 2.54 and a beta of 0.69. The company has a debt-to-equity ratio of 6.87, a quick ratio of 1.59 and a current ratio of 2.63. Lamb Weston has a 1-year low of $49.71 and a 1-year high of $85.72. The company’s fifty day moving average is $60.84 and its 200-day moving average is $60.31.
Lamb Weston (NYSE:LW – Get Rating) last announced its earnings results on Thursday, April 7th. The specialty retailer reported $0.73 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.29. The firm had revenue of $955.00 million during the quarter, compared to analyst estimates of $972.64 million. Lamb Weston had a net margin of 5.93% and a return on equity of 66.02%. The company’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.45 EPS. On average, research analysts forecast that Lamb Weston will post 1.93 earnings per share for the current year.
Several institutional investors have recently bought and sold shares of the company. Diversified Trust Co boosted its stake in shares of Lamb Weston by 9.6% during the 1st quarter. Diversified Trust Co now owns 10,393 shares of the specialty retailer’s stock worth $623,000 after buying an additional 910 shares during the last quarter. Meyer Handelman Co. boosted its stake in shares of Lamb Weston by 1.5% during the 1st quarter. Meyer Handelman Co. now owns 137,656 shares of the specialty retailer’s stock worth $8,247,000 after buying an additional 2,000 shares during the last quarter. Humankind Investments LLC boosted its stake in shares of Lamb Weston by 29.9% during the 4th quarter. Humankind Investments LLC now owns 4,984 shares of the specialty retailer’s stock worth $316,000 after buying an additional 1,146 shares during the last quarter. Comprehensive Financial Consultants Institutional Inc. bought a new stake in shares of Lamb Weston in the 4th quarter valued at about $59,000. Finally, Norges Bank bought a new stake in shares of Lamb Weston in the 4th quarter valued at about $24,054,000. Institutional investors own 91.78% of the company’s stock.
LW has been the subject of several research analyst reports. The Goldman Sachs Group decreased their price target on shares of Lamb Weston from $70.00 to $54.00 and set a “neutral” rating for the company in a report on Wednesday, March 16th. JPMorgan Chase & Co. decreased their price target on shares of Lamb Weston from $79.00 to $74.00 and set an “overweight” rating for the company in a report on Tuesday, March 22nd. Zacks Investment Research lowered shares of Lamb Weston from a “hold” rating to a “sell” rating and set a $54.00 price target for the company. in a report on Wednesday, March 9th. Jefferies Financial Group reduced their target price on shares of Lamb Weston from $80.00 to $75.00 and set a “buy” rating for the company in a research note on Tuesday, March 29th. Finally, StockNews.com initiated coverage on shares of Lamb Weston in a research note on Thursday, March 31st. They issued a “hold” rating for the company. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $69.20.
About Lamb Weston (Get Rating)
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, commercial ingredients, and appetizers under the Lamb Weston brand, as well as under various customer labels.
- Get a free copy of the StockNews.com research report on Lamb Weston (LW)
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