Lamb Weston (NYSE:LW) Shares Purchased by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. boosted its holdings in Lamb Weston (NYSE:LW - Free Report) by 16.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 65,236 shares of the specialty retailer's stock after purchasing an additional 9,296 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Lamb Weston were worth $3,477,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Principal Securities Inc. increased its position in shares of Lamb Weston by 18.2% in the fourth quarter. Principal Securities Inc. now owns 3,598 shares of the specialty retailer's stock valued at $240,000 after buying an additional 553 shares in the last quarter. Allworth Financial LP increased its position in Lamb Weston by 16.1% during the 4th quarter. Allworth Financial LP now owns 1,223 shares of the specialty retailer's stock worth $74,000 after purchasing an additional 170 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of Lamb Weston by 0.3% during the 4th quarter. Principal Financial Group Inc. now owns 166,384 shares of the specialty retailer's stock worth $11,119,000 after purchasing an additional 431 shares during the last quarter. Sanctuary Advisors LLC raised its position in shares of Lamb Weston by 30.7% in the fourth quarter. Sanctuary Advisors LLC now owns 14,559 shares of the specialty retailer's stock valued at $897,000 after buying an additional 3,417 shares during the last quarter. Finally, CIBC Asset Management Inc boosted its position in Lamb Weston by 4.1% during the fourth quarter. CIBC Asset Management Inc now owns 21,825 shares of the specialty retailer's stock worth $1,459,000 after acquiring an additional 851 shares during the last quarter. Institutional investors and hedge funds own 89.56% of the company's stock.

Analyst Ratings Changes

LW has been the topic of a number of recent analyst reports. Bank of America reduced their price target on Lamb Weston from $60.00 to $56.00 and set a "neutral" rating on the stock in a research note on Wednesday, June 18th. Stifel Nicolaus set a $56.00 target price on Lamb Weston and gave the stock a "hold" rating in a research report on Thursday, April 24th. Wells Fargo & Company lowered their price target on Lamb Weston from $72.00 to $66.00 and set an "overweight" rating for the company in a report on Wednesday, April 2nd. Wall Street Zen upgraded shares of Lamb Weston from a "sell" rating to a "hold" rating in a report on Thursday, May 8th. Finally, Jefferies Financial Group lowered their target price on shares of Lamb Weston from $80.00 to $75.00 and set a "buy" rating for the company in a report on Friday, April 11th. Nine investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $67.73.

Lamb Weston Stock Down 1.3%

NYSE LW traded down $0.72 on Wednesday, hitting $53.07. 1,520,122 shares of the stock traded hands, compared to its average volume of 2,652,664. The company has a current ratio of 1.35, a quick ratio of 0.58 and a debt-to-equity ratio of 2.25. The stock has a 50-day moving average of $53.12 and a 200 day moving average of $57.08. Lamb Weston has a twelve month low of $47.90 and a twelve month high of $84.99. The company has a market capitalization of $7.49 billion, a P/E ratio of 16.45, a price-to-earnings-growth ratio of 1.19 and a beta of 0.49.

Lamb Weston (NYSE:LW - Get Free Report) last issued its quarterly earnings results on Thursday, April 3rd. The specialty retailer reported $1.10 earnings per share for the quarter, beating analysts' consensus estimates of $0.87 by $0.23. Lamb Weston had a return on equity of 27.25% and a net margin of 5.74%. The business had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same period in the previous year, the business earned $1.20 EPS. The business's quarterly revenue was up 4.3% on a year-over-year basis. As a group, analysts expect that Lamb Weston will post 3.1 earnings per share for the current fiscal year.

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.