Rhumbline Advisers and
Hohimer Wealth Management LLC have trimmed and acquired respectively, positions in
Lamb Weston Holdings LW. Despite a strong trading day, performance has largely been bearish with the stock down 40% in 6 months, and further more than 25% in 3 months. Reasons for this include lower than estimated sales, Q4 earnings lagging estimates, and weak fiscal year 2025 guidance due to system challenges. It faces a class action lawsuit, with firms such as
The Gross Law Firm urging affected investors to join.
Director Robert Niblock made a significant personal investment, acquiring 5,000 shares. Lamb Weston has declared a quarterly dividend; however, the stock has nose-dived due to factors such as reduced restaurant visits and frozen potato purchases. Despite these challenges, some analysts remain bullish, citing reasons such as pricing strategies amidst high costs and potential to rebound from a post-earnings plunge.
Lamb Weston Holdings LW News Analytics from Mon, 25 Mar 2024 07:00:00 GMT to Sun, 08 Sep 2024 12:58:19 GMT -
Rating -4
- Innovation -3
- Information 2
- Rumor -5
