Lamb Weston (NYSE:LW) PT Lowered to $106.00 at Citigroup

Lamb Weston (NYSE:LW - Free Report) had its price objective cut by Citigroup from $132.00 to $106.00 in a research report report published on Monday morning, Benzinga reports. They currently have a buy rating on the specialty retailer's stock.

Other equities analysts have also issued reports about the stock. Barclays decreased their target price on shares of Lamb Weston from $125.00 to $105.00 and set an overweight rating on the stock in a report on Monday. Bank of America decreased their target price on shares of Lamb Weston from $138.00 to $113.00 and set a buy rating on the stock in a report on Friday. BNP Paribas began coverage on shares of Lamb Weston in a report on Monday, March 11th. They issued an outperform rating and a $128.00 target price on the stock. Stifel Nicolaus decreased their price objective on shares of Lamb Weston from $130.00 to $115.00 and set a buy rating on the stock in a report on Friday. Finally, StockNews.com lowered shares of Lamb Weston from a hold rating to a sell rating in a report on Friday, January 5th. One research analyst has rated the stock with a sell rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus price target of $117.40.

Lamb Weston Price Performance

NYSE LW traded down $1.97 during trading hours on Monday, hitting $77.81. 5,981,159 shares of the company's stock traded hands, compared to its average volume of 2,139,340. Lamb Weston has a 52-week low of $77.41 and a 52-week high of $117.38. The company has a market capitalization of $11.23 billion, a PE ratio of 10.39, a PEG ratio of 0.97 and a beta of 0.72. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.19 and a quick ratio of 0.52. The firm's 50-day moving average is $101.39 and its 200-day moving average is $99.63.

Lamb Weston (NYSE:LW - Get Free Report) last announced its quarterly earnings data on Thursday, April 4th. The specialty retailer reported $1.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.40 by ($0.20). Lamb Weston had a net margin of 16.71% and a return on equity of 50.74%. The business had revenue of $1.46 billion for the quarter, compared to analysts' expectations of $1.65 billion. During the same period in the prior year, the company posted $1.43 EPS. The firm's revenue was up 16.3% on a year-over-year basis. Equities analysts forecast that Lamb Weston will post 5.51 EPS for the current fiscal year.

Lamb Weston Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 3rd will be issued a dividend of $0.36 per share. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a $1.44 dividend on an annualized basis and a yield of 1.85%. Lamb Weston's dividend payout ratio (DPR) is presently 19.23%.

Institutional Investors Weigh In On Lamb Weston

A number of hedge funds have recently added to or reduced their stakes in LW. Viking Global Investors LP acquired a new stake in Lamb Weston during the 4th quarter worth approximately $383,220,000. Norges Bank acquired a new stake in Lamb Weston during the 4th quarter worth approximately $93,553,000. Assenagon Asset Management S.A. increased its position in shares of Lamb Weston by 406.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 934,530 shares of the specialty retailer's stock valued at $86,407,000 after purchasing an additional 750,033 shares during the last quarter. Duquesne Family Office LLC increased its position in shares of Lamb Weston by 75.1% in the 4th quarter. Duquesne Family Office LLC now owns 1,657,875 shares of the specialty retailer's stock valued at $148,148,000 after purchasing an additional 711,075 shares during the last quarter. Finally, Imprint Wealth LLC increased its position in shares of Lamb Weston by 11,689.2% in the 2nd quarter. Imprint Wealth LLC now owns 543,599 shares of the specialty retailer's stock valued at $54,360,000 after purchasing an additional 538,988 shares during the last quarter. 89.56% of the stock is currently owned by institutional investors and hedge funds.

Lamb Weston Company Profile

Lamb Weston Holdings, Inc produces, distributes, and markets frozen potato products worldwide. The company operates through four segments: Global, Foodservice, Retail, and Other. It offers frozen potatoes, commercial ingredients, and appetizers under the Lamb Weston brand, as well as under various customer labels.