Lamb Weston Holdings, Inc. (NYSE:LW) Short Interest Update

Lamb Weston Holdings, Inc. (NYSE:LWGet 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:LWGet 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.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 3rd. Stockholders of record on Friday, May 6th will be paid a dividend of $0.245 per share. The ex-dividend date is Thursday, May 5th. This represents a $0.98 dividend on an annualized basis and a dividend yield of 1.46%. Lamb Weston’s dividend payout ratio is 61.64%.

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.

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