Barclays Lowers Lamb Weston (NYSE:LW) Price Target to $96.00

Lamb Weston (NYSE:LW) had its price objective decreased by research analysts at Barclays from $105.00 to $96.00 in a research note issued to investors on Friday, July 19th, Benzinga reports. The brokerage presently has an “overweight” rating on the specialty retailer’s stock. Barclays‘s price target suggests a potential upside of 55.04% from the stock’s current price.

A number of other equities research analysts have also recently commented on the stock. Wells Fargo & Company reduced their price target on shares of Lamb Weston from $128.00 to $98.00 and set an “overweight” rating for the company in a report on Friday, April 5th. Citigroup decreased their target price on Lamb Weston from $106.00 to $104.00 and set a “buy” rating for the company in a research report on Wednesday, July 10th. Bank of America reduced their price objective on Lamb Weston from $138.00 to $113.00 and set a “buy” rating for the company in a research note on Friday, April 5th. Finally, Stifel Nicolaus lowered their target price on Lamb Weston from $130.00 to $115.00 and set a “buy” rating on the stock in a research report on Friday, April 5th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $87.70.

Lamb Weston Trading Up 1.0 %

Shares of Lamb Weston stock traded up $0.62 on Friday, hitting $61.92. The stock had a trading volume of 1,962,884 shares, compared to its average volume of 2,520,579. The firm has a market capitalization of $8.94 billion, a P/E ratio of 8.27, a PEG ratio of 5.65 and a beta of 0.74. Lamb Weston has a twelve month low of $52.99 and a twelve month high of $111.88. The stock has a 50 day moving average of $68.91 and a 200 day moving average of $83.80. The company has a debt-to-equity ratio of 1.92, a quick ratio of 0.59 and a current ratio of 1.29.

Lamb Weston (NYSE:LW) last issued its quarterly earnings results on Wednesday, July 24th. The specialty retailer reported $0.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.24 by ($0.46). The firm had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.71 billion. Lamb Weston had a return on equity of 44.06% and a net margin of 11.22%. Sell-side analysts expect that Lamb Weston will post 4.55 earnings per share for the current fiscal year.

Insider Transactions at Lamb Weston

In other Lamb Weston news, Director William G. Jurgensen acquired 10,000 shares of Lamb Weston stock in a transaction on Friday, July 26th. The stock was purchased at an average price of $55.43 per share, for a total transaction of $554,300.00. Following the purchase, the director now directly owns 173,377 shares of the company’s stock, valued at $9,610,287.11. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 1.66% of the company’s stock.

Institutional Investors Weigh In On Lamb Weston

A number of hedge funds have recently modified their holdings of LW. WFA Asset Management Corp boosted its holdings in Lamb Weston by 248.6% in the 1st quarter. WFA Asset Management Corp now owns 244 shares of the specialty retailer’s stock worth $26,000 after buying an additional 174 shares during the period. EntryPoint Capital LLC bought a new stake in shares of Lamb Weston during the 1st quarter valued at $28,000. Crewe Advisors LLC lifted its holdings in Lamb Weston by 357.5% during the 2nd quarter. Crewe Advisors LLC now owns 334 shares of the specialty retailer’s stock worth $28,000 after purchasing an additional 261 shares in the last quarter. Redmont Wealth Advisors LLC bought a new position in Lamb Weston in the 1st quarter worth about $32,000. Finally, GAMMA Investing LLC grew its holdings in Lamb Weston by 135.8% during the 2nd quarter. GAMMA Investing LLC now owns 382 shares of the specialty retailer’s stock valued at $32,000 after buying an additional 220 shares in the last quarter. Institutional investors own 89.56% of the company’s stock.

About Lamb Weston

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.