In the market the company is trading up by 0.53% percent from yesterday’s close. Company shares last traded at $50.90 which is just over the 50 day moving average which is $47.55 and which is significantly above the 200 day moving average of $45.04. The 50 day moving average moved up $3.35 and the 200 day average went up $5.86 or +13.01%.
Traders are feeling more bullish on Lamb Weston Holdings, Inc. lately if you take note of the decrease in short interest. The company had a fall in short interest of -2.89% as of September 29, 2017 from the last reporting period. Short interest decreased 35,561 over that timeframe. The days to cover increased to 2.0 and the short interest percentage is 0.01% as of September 29. Lamb Weston Holdings Inc is a producer, provider, and marketer of value-added frozen potato products. It is a supplier of frozen potato products internationally. Its products include puff, chips, steak cut fries, trim fries, appetizers, among others..
October 5 investment analysts at Morgan Stanley held the company rating at “Equal-Weight” but raised the price target to $50.00 from $46.00.
The company recently announced a dividend that will be paid on Friday December 1st, 2017. The dividend payment will be $0.188 per share for the quarter which is $0.75 annualized. This dividend represents a yield of $1.48. The ex-dividend date will be on Wednesday the 2nd of August 2017.
The company currently has a P/E ratio of 22.72 and the market cap is 7.44B. As of the last earnings report the EPS was $2.24 and is projected to be $2.35 for the current year with 146,196,000 shares presently outstanding. Next quarter’s EPS is estimated at $0.65 and the next full year EPS is projected to be $2.58.