Norges Bank and
PNC Financial Services Group have acquired large numbers of shares of
Lamb Weston Holdings, Inc. (NYSE:LW), while
Assetmark Inc. and
Teacher Retirement System of Texas have significantly sold their holdings.
Lamb Weston's earnings missed Q1 expectations though sales improved YoY. Consequently, its stock price plunged while simultaneously outperforming competitors due to strong trading. It has succeeded in countering cost challenges with an effective
pricing strategy but faced issues with its ERP system. On a positive note,
Lamb Weston's strong growth was reported in Q2 fiscal 2024 despite decreased returns on capital. Financial analysts foresee a potential 60% upside despite a recent 20% dip and remain bullish despite
weak Q3 results and lowered outlook. Their
dividend potential remains strong and their quarterly dividend announcement received positive responses. In spite of software issues impacting FY outlook, it remains a top value stock option for the long-term investment. Q3 earnings have been underwhelming, causing reductions across institutional holdings.
Lamb Weston Holdings LW News Analytics from Wed, 30 Aug 2023 07:00:00 GMT to Sun, 26 May 2024 10:47:39 GMT -
Rating 3
- Innovation -6
- Information 8
- Rumor -7