Liberty One Investment Management LLC Increases Stock Holdings in Lamb Weston (NYSE:LW)

Liberty One Investment Management LLC increased its position in shares of Lamb Weston (NYSE:LW - Free Report) by 17.4% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 411,353 shares of the specialty retailer's stock after purchasing an additional 61,085 shares during the quarter. Lamb Weston makes up approximately 2.2% of Liberty One Investment Management LLC's investment portfolio, making the stock its 21st largest position. Liberty One Investment Management LLC owned about 0.29% of Lamb Weston worth $21,925,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the company. TD Private Client Wealth LLC increased its position in shares of Lamb Weston by 766.3% during the first quarter. TD Private Client Wealth LLC now owns 9,590 shares of the specialty retailer's stock worth $511,000 after purchasing an additional 8,483 shares in the last quarter. Envestnet Asset Management Inc. increased its position in shares of Lamb Weston by 23.0% during the first quarter. Envestnet Asset Management Inc. now owns 723,215 shares of the specialty retailer's stock worth $38,547,000 after purchasing an additional 135,188 shares in the last quarter. Financiere des Professionnels Fonds d investissement inc. purchased a new stake in shares of Lamb Weston during the first quarter worth approximately $123,000. Concurrent Investment Advisors LLC increased its position in shares of Lamb Weston by 4.0% during the first quarter. Concurrent Investment Advisors LLC now owns 5,984 shares of the specialty retailer's stock worth $319,000 after purchasing an additional 230 shares in the last quarter. Finally, Wayfinding Financial LLC purchased a new stake in Lamb Weston in the 1st quarter valued at $28,000. 89.56% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

LW has been the subject of a number of recent research reports. Wells Fargo & Company cut their target price on Lamb Weston from $72.00 to $66.00 and set an "overweight" rating for the company in a research note on Wednesday, April 2nd. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $57.00 target price on shares of Lamb Weston in a research note on Wednesday, March 19th. Barclays cut their target price on Lamb Weston from $69.00 to $61.00 and set an "overweight" rating for the company in a research note on Monday, May 12th. Bank of America cut their target price on Lamb Weston from $60.00 to $56.00 and set a "neutral" rating for the company in a research note on Wednesday, June 18th. Finally, Jefferies Financial Group cut their target price on Lamb Weston from $80.00 to $75.00 and set a "buy" rating for the company in a research note on Friday, April 11th. Nine analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Lamb Weston currently has an average rating of "Hold" and an average target price of $67.73.

Lamb Weston Stock Performance

LW traded up $1.39 during trading on Tuesday, hitting $52.36. 3,604,807 shares of the stock were exchanged, compared to its average volume of 2,657,262. The firm has a market capitalization of $7.39 billion, a P/E ratio of 20.53, a PEG ratio of 1.16 and a beta of 0.46. Lamb Weston has a 1-year low of $47.90 and a 1-year high of $83.98. The stock has a fifty day moving average price of $53.13 and a two-hundred day moving average price of $55.58. The company has a quick ratio of 0.58, a current ratio of 1.35 and a debt-to-equity ratio of 2.25.

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.