Envestnet Portfolio Solutions Inc. Acquires 42,740 Shares of Lamb Weston Holdings, Inc. (NYSE:LW)

Envestnet Portfolio Solutions Inc. lifted its stake in Lamb Weston Holdings, Inc. (NYSE:LW) by 323.8% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 55,940 shares of the specialty retailer’s stock after buying an additional 42,740 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Lamb Weston were worth $3,738,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. West Oak Capital LLC boosted its position in shares of Lamb Weston by 155.7% during the 4th quarter. West Oak Capital LLC now owns 450 shares of the specialty retailer’s stock valued at $30,000 after acquiring an additional 274 shares during the last quarter. Stonebridge Financial Group LLC bought a new stake in shares of Lamb Weston in the 4th quarter worth about $35,000. SBI Securities Co. Ltd. purchased a new stake in shares of Lamb Weston during the 4th quarter valued at about $36,000. Prospera Private Wealth LLC bought a new position in shares of Lamb Weston in the 3rd quarter valued at about $39,000. Finally, Brooklyn Investment Group bought a new stake in Lamb Weston during the third quarter worth approximately $40,000. Hedge funds and other institutional investors own 89.56% of the company’s stock.

Insider Activity

In related news, Director Robert A. Niblock bought 3,000 shares of the company’s stock in a transaction on Monday, January 13th. The shares were acquired at an average price of $60.94 per share, with a total value of $182,820.00. Following the transaction, the director now owns 26,406 shares of the company’s stock, valued at $1,609,181.64. The trade was a 12.82 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Charles A. Blixt purchased 1,200 shares of Lamb Weston stock in a transaction dated Monday, December 23rd. The stock was bought at an average cost of $63.25 per share, with a total value of $75,900.00. Following the completion of the transaction, the director now owns 22,982 shares in the company, valued at approximately $1,453,611.50. This represents a 5.51 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.72% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on LW. Citigroup lowered Lamb Weston from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $90.00 to $68.00 in a research note on Friday, December 20th. Barclays lowered their price target on Lamb Weston from $87.00 to $69.00 and set an “overweight” rating for the company in a research report on Monday, December 23rd. StockNews.com upgraded shares of Lamb Weston to a “sell” rating in a research report on Monday, February 24th. Sanford C. Bernstein initiated coverage on shares of Lamb Weston in a report on Tuesday, December 3rd. They issued a “market perform” rating and a $85.00 target price for the company. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Lamb Weston in a report on Thursday, December 12th. They set a “hold” rating and a $81.00 price target on the stock. One analyst has rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $76.73.

Lamb Weston Stock Performance

Lamb Weston stock opened at $52.69 on Thursday. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.53 and a current ratio of 1.35. The company has a market capitalization of $7.52 billion, a PE ratio of 20.82, a P/E/G ratio of 1.40 and a beta of 0.76. The company has a 50 day moving average price of $56.66 and a 200-day moving average price of $66.29. Lamb Weston Holdings, Inc. has a fifty-two week low of $47.90 and a fifty-two week high of $107.50.

Lamb Weston (NYSE:LW) last issued its earnings results on Thursday, December 19th. The specialty retailer reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.35). Lamb Weston had a net margin of 5.80% and a return on equity of 27.82%. The firm had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.67 billion. During the same period last year, the firm earned $1.45 earnings per share. The company’s revenue for the quarter was down 7.5% on a year-over-year basis. As a group, equities analysts forecast that Lamb Weston Holdings, Inc. will post 3.1 earnings per share for the current year.

Lamb Weston 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.