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Lamb Weston (LW) has an average rating of hold and mean price target of $44.70, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
Consumer stocks rose late Thursday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) rising 1.7% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) adding 1.5%.In corporate news, O'Reilly Automotive (ORLY) shares gained 7.2% on Thursday, a day after it reported higher-than-expected Q1 results.Lamb Weston (LW) shareholder Starboard Value said in a letter to the board that the company should hold an investor day and reset earnings to a normalized level. Lamb Weston shares rose 1.6%.Wayfair (W) shares slumped 12% after the company reported Q1 adjusted earnings that missed Wall Street estimates, while net revenue topped expectations.Ford Motor (F) is in early discussions with the US government on potential defense projects, CEO Jim Farley said on the company's earnings call. Ford shares were down 1.5%.
Consumer stocks gained Thursday afternoon with the State Street Consumer Staples Select Sector SPDR ETF (XLP) rising 1.4% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) increasing 0.4%.In corporate news, Lamb Weston (LW) shareholder Starboard Value said in a letter to the board that the company should hold an investor day and reset earnings to a normalized level. Lamb Weston shares rose 1.8%.Wayfair (W) shares slumped 11% after the company reported Q1 adjusted earnings that missed Wall Street estimates, while net revenue topped expectations.Ford Motor (F) is in early discussions with the US government on potential defense projects, CEO Jim Farley said on the company's earnings call. Ford shares fell 2.3%.
Consumer stocks were higher Thursday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) rising 1.4% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) increasing 0.4%.In corporate news, Lamb Weston (LW) shares rose 1.6% after shareholder Starboard Value said in a letter to the board Thursday that the company should hold an investor day and reset earnings to a normalized level.
Lamb Weston (LW) shareholder Starboard Value said in a letter to the board Thursday that the company should hold an investor day and reset earnings to a normalized level.Starboard said an investor day would allow the company to highlight its core strengths, reaffirm its competitive advantages, and focus on key priorities. The company must also present a clear plan to restore earnings and deliver long-term growth, Starboard said.The first step is to bring earnings to a normalized level, Starboard said, adding that it believes the company can reach a 25% adjusted earnings before interest, taxes, depreciation, and amortization margin by fiscal 2029 through a mix of profitable revenue growth and cost reductions.However, restoring earnings is not enough; the company must also show it can grow consistently over the long term, Starboard added. "Management needs to earn back the trust that they have lost and convince shareholders that the team understands how to maintain a high-quality business and create value," the firm said.Lamb Weston didn't immediately reply to' request for comment.Price: $43.52, Change: $+0.48, Percent Change: +1.13%