Lamb Weston Holdings Inc. (NYSE:LW) – Stock analysts at Jefferies Group issued their FY2022 earnings estimates for Lamb Weston in a research report issued to clients and investors on Wednesday. Jefferies Group analyst A. Jagdale anticipates that the specialty retailer will earn $3.72 per share for the year. Jefferies Group currently has a “Buy” rating and a $64.00 target price on the stock.

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 Thomson Reuters’ consensus estimate of $0.53 by $0.01. The company had revenue of $824.60 million for the quarter, compared to analyst estimates of $815.29 million. Lamb Weston had a net margin of 10.31% and a negative return on equity of 50.81%. The business’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period last year, the business posted $0.63 earnings per share.

LW has been the topic of several other reports. Bank of America increased their target price on shares of Lamb Weston from $52.00 to $57.00 and gave the stock a “buy” rating in a report on Monday, November 6th. Morgan Stanley reiterated an “equal weight” rating and issued a $50.00 target price (up from $46.00) on shares of Lamb Weston in a report on Thursday, October 5th. Zacks Investment Research raised shares of Lamb Weston from a “hold” rating to a “buy” rating and set a $54.00 price objective for the company in a research report on Friday, October 6th. Finally, 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. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Lamb Weston has a consensus rating of “Buy” and a consensus price target of $53.13.

Lamb Weston (NYSE:LW) traded up $0.48 on Thursday, reaching $57.70. 2,320,000 shares of the company’s stock traded hands, compared to its average volume of 1,140,000. The company has a current ratio of 1.62, a quick ratio of 0.67 and a debt-to-equity ratio of -4.10. The firm has a market capitalization of $8,440.00 and a price-to-earnings ratio of 25.76. Lamb Weston has a 12 month low of $35.81 and a 12 month high of $58.00.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 2nd. Stockholders of record on Friday, February 2nd will be given a dividend of $0.1913 per share. This is an increase from Lamb Weston’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Thursday, February 1st. This represents a $0.77 annualized dividend and a dividend yield of 1.33%. Lamb Weston’s dividend payout ratio is currently 33.48%.

Several hedge funds have recently modified their holdings of LW. Schwab Charles Investment Management Inc. increased its position in shares of Lamb Weston by 10.3% during the second quarter. Schwab Charles Investment Management Inc. now owns 435,806 shares of the specialty retailer’s stock worth $19,193,000 after acquiring an additional 40,747 shares in the last quarter. Blair William & Co. IL increased its position in shares of Lamb Weston by 0.3% during the second quarter. Blair William & Co. IL now owns 6,600 shares of the specialty retailer’s stock worth $291,000 after acquiring an additional 21 shares in the last quarter. Victory Capital Management Inc. bought a new stake in shares of Lamb Weston during the second quarter worth $11,787,000. Utah Retirement Systems increased its position in shares of Lamb Weston by 0.8% during the second quarter. Utah Retirement Systems now owns 26,785 shares of the specialty retailer’s stock worth $1,179,000 after acquiring an additional 200 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Lamb Weston by 43.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,822 shares of the specialty retailer’s stock worth $256,000 after acquiring an additional 1,770 shares in the last quarter. 79.38% of the stock is owned by institutional investors.

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Lamb Weston Company Profile

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.

Earnings History and Estimates for Lamb Weston (NYSE:LW)

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