Lamb Weston Holdings Inc (NYSE:LW) saw a large growth in short interest in February. As of February 28th, there was short interest totalling 2,204,021 shares, a growth of 41.4% from the February 15th total of 1,558,345 shares. Based on an average daily volume of 935,808 shares, the days-to-cover ratio is currently 2.4 days.
Shares of Lamb Weston stock opened at $55.66 on Monday. The company has a debt-to-equity ratio of -4.43, a current ratio of 1.55 and a quick ratio of 0.53. Lamb Weston has a fifty-two week low of $40.61 and a fifty-two week high of $60.85. The firm has a market cap of $8,138.83, a PE ratio of 25.77, a P/E/G ratio of 1.88 and a beta of 1.25.
Lamb Weston (NYSE:LW) last posted its earnings results on Thursday, January 4th. The specialty retailer reported $0.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.01. Lamb Weston had a net margin of 9.85% and a negative return on equity of 53.18%. The company had revenue of $824.60 million for the quarter, compared to analyst estimates of $815.29 million. During the same quarter in the prior year, the business posted $0.63 EPS. The firm’s revenue was up 4.3% compared to the same quarter last year. analysts expect that Lamb Weston will post 2.46 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 2nd. Investors of record on Friday, February 2nd were issued a $0.1913 dividend. This represents a $0.77 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date was Thursday, February 1st. This is a positive change from Lamb Weston’s previous quarterly dividend of $0.19. Lamb Weston’s dividend payout ratio is currently 35.19%.
In related news, Director Peter J. Bensen acquired 5,000 shares of the business’s stock in a transaction dated Monday, January 8th. The shares were bought at an average price of $58.18 per share, with a total value of $290,900.00. Following the transaction, the director now directly owns 1,935 shares of the company’s stock, valued at $112,578.30. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.26% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently bought and sold shares of LW. Globeflex Capital L P acquired a new stake in shares of Lamb Weston in the 4th quarter worth about $106,000. Tower Research Capital LLC TRC raised its holdings in shares of Lamb Weston by 844.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,888 shares of the specialty retailer’s stock worth $107,000 after acquiring an additional 1,688 shares during the last quarter. Captrust Financial Advisors acquired a new stake in shares of Lamb Weston in the 4th quarter worth about $112,000. Chicago Partners Investment Group LLC increased its stake in Lamb Weston by 359.7% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 2,404 shares of the specialty retailer’s stock valued at $113,000 after buying an additional 1,881 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. purchased a new stake in Lamb Weston in the 4th quarter valued at about $151,000. Institutional investors own 80.64% of the company’s stock.
LW has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of Lamb Weston from a “hold” rating to a “buy” rating and set a $68.00 price objective on the stock in a research report on Thursday, January 25th. Stifel Nicolaus increased their price objective on shares of Lamb Weston from $54.00 to $58.00 and gave the stock a “hold” rating in a research report on Tuesday, January 2nd. Finally, Jefferies Group increased their price objective on shares of Lamb Weston to $64.00 and gave the stock a “buy” rating in a research report on Wednesday, January 3rd. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $58.14.
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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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