Lamb Weston Holdings, Inc. Plans Quarterly Dividend of $0.37 (NYSE:LW)

Lamb Weston Holdings, Inc. (NYSE:LW - Get Free Report) declared a quarterly dividend on Thursday, March 20th, RTT News reports. Stockholders of record on Friday, May 2nd will be paid a dividend of 0.37 per share by the specialty retailer on Friday, May 30th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date is Friday, May 2nd.

Lamb Weston has increased its dividend by an average of 15.3% per year over the last three years. Lamb Weston has a payout ratio of 38.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Lamb Weston to earn $3.64 per share next year, which means the company should continue to be able to cover its $1.48 annual dividend with an expected future payout ratio of 40.7%.

Lamb Weston Stock Up 1.6 %

Shares of LW traded up $0.85 on Monday, reaching $53.93. The company's stock had a trading volume of 1,783,403 shares, compared to its average volume of 2,738,562. Lamb Weston has a twelve month low of $47.90 and a twelve month high of $107.50. The stock has a market capitalization of $7.69 billion, a PE ratio of 21.32, a PEG ratio of 1.40 and a beta of 0.76. The company has a current ratio of 1.35, a quick ratio of 0.53 and a debt-to-equity ratio of 2.26. The firm has a fifty day moving average of $56.34 and a 200-day moving average of $66.20.

Lamb Weston (NYSE:LW - Get Free Report) last announced its earnings results on Thursday, December 19th. The specialty retailer reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.01 by ($0.35). The company had revenue of $1.60 billion for the quarter, compared to analysts' expectations of $1.67 billion. Lamb Weston had a net margin of 5.80% and a return on equity of 27.82%. The firm's quarterly revenue was down 7.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.45 EPS. Equities analysts predict that Lamb Weston will post 3.1 EPS for the current year.

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Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on LW shares. Sanford C. Bernstein began coverage on shares of Lamb Weston in a research report on Tuesday, December 3rd. They set a "market perform" rating and a $85.00 price target on the stock. Stifel Nicolaus cut their price target on shares of Lamb Weston from $80.00 to $68.00 and set a "hold" rating on the stock in a report on Friday, December 20th. Barclays decreased their price objective on shares of Lamb Weston from $87.00 to $69.00 and set an "overweight" rating for the company in a report on Monday, December 23rd. Deutsche Bank Aktiengesellschaft started coverage on shares of Lamb Weston in a research note on Thursday, December 12th. They issued a "hold" rating and a $81.00 target price on the stock. Finally, Citigroup cut shares of Lamb Weston from a "buy" rating to a "neutral" rating and lowered their price target for the stock from $90.00 to $68.00 in a report on Friday, December 20th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat, Lamb Weston currently has an average rating of "Hold" and a consensus price target of $76.73.

Insider Buying and Selling

In other Lamb Weston news, Director Robert A. Niblock bought 3,000 shares of Lamb Weston stock in a transaction that occurred on Monday, January 13th. The stock was acquired at an average cost of $60.94 per share, for a total transaction of $182,820.00. Following the completion of the transaction, the director now directly owns 26,406 shares in the company, valued at $1,609,181.64. This represents a 12.82 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. 0.72% of the stock is currently owned by insiders.

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.