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

Envestnet Portfolio Solutions Inc. grew its stake in shares of Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) by 323.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 55,940 shares of the specialty retailer's stock after acquiring an additional 42,740 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Lamb Weston were worth $3,738,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Allworth Financial LP boosted its holdings in shares of Lamb Weston by 16.1% during the 4th quarter. Allworth Financial LP now owns 1,223 shares of the specialty retailer's stock valued at $74,000 after acquiring an additional 170 shares during the last quarter. Coldstream Capital Management Inc. boosted its holdings in shares of Lamb Weston by 5.4% during the 3rd quarter. Coldstream Capital Management Inc. now owns 3,649 shares of the specialty retailer's stock valued at $241,000 after acquiring an additional 186 shares during the last quarter. Atria Investments Inc lifted its stake in shares of Lamb Weston by 3.2% in the 4th quarter. Atria Investments Inc now owns 7,255 shares of the specialty retailer's stock worth $485,000 after purchasing an additional 227 shares during the period. Park Avenue Securities LLC lifted its stake in shares of Lamb Weston by 2.8% in the 4th quarter. Park Avenue Securities LLC now owns 8,901 shares of the specialty retailer's stock worth $595,000 after purchasing an additional 239 shares during the period. Finally, West Oak Capital LLC lifted its stake in shares of Lamb Weston by 155.7% in the 4th quarter. West Oak Capital LLC now owns 450 shares of the specialty retailer's stock worth $30,000 after purchasing an additional 274 shares during the period. Hedge funds and other institutional investors own 89.56% of the company's stock.

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Insiders Place Their Bets

In other Lamb Weston news, Director Charles A. Blixt bought 1,200 shares of the firm's stock in a transaction dated Monday, December 23rd. The stock was acquired at an average cost of $63.25 per share, for a total transaction of $75,900.00. Following the completion of the transaction, the director now owns 22,982 shares in the company, valued at $1,453,611.50. This trade represents a 5.51 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert A. Niblock bought 3,000 shares of the firm's stock in a transaction dated 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 completion of the transaction, the director now owns 26,406 shares of the company's stock, valued at approximately $1,609,181.64. The trade was a 12.82 % increase in their position. The disclosure for this purchase can be found here. 0.72% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

LW has been the topic of several recent research reports. Citigroup cut shares of Lamb Weston from a "buy" rating to a "neutral" rating and lowered their price objective for the stock from $90.00 to $68.00 in a research note on Friday, December 20th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Lamb Weston in a research note on Thursday, December 12th. They issued a "hold" rating and a $81.00 price objective on the stock. StockNews.com upgraded shares of Lamb Weston to a "sell" rating in a research note on Monday, February 24th. Barclays lowered their price objective on shares of Lamb Weston from $87.00 to $69.00 and set an "overweight" rating on the stock in a research note on Monday, December 23rd. Finally, JPMorgan Chase & Co. raised their target price on shares of Lamb Weston from $68.00 to $78.00 and gave the stock a "neutral" rating in a research note on Monday, December 16th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Lamb Weston presently has an average rating of "Hold" and a consensus price target of $76.73.

Lamb Weston Price Performance

Shares of Lamb Weston stock traded up $0.41 on Friday, hitting $53.16. 4,602,533 shares of the company traded hands, compared to its average volume of 2,742,398. The stock has a market capitalization of $7.58 billion, a P/E ratio of 21.01, a price-to-earnings-growth ratio of 1.40 and a beta of 0.76. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.53 and a current ratio of 1.35. Lamb Weston Holdings, Inc. has a 52 week low of $47.90 and a 52 week high of $107.50. The business has a 50-day simple moving average of $56.34 and a 200 day simple moving average of $66.17.

Lamb Weston (NYSE:LW - Get Free Report) last posted 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 business had revenue of $1.60 billion during the quarter, compared to analysts' expectations of $1.67 billion. During the same period last year, the business posted $1.45 earnings per share. The company's revenue for the quarter was down 7.5% compared to the same quarter last year. Research analysts expect that Lamb Weston Holdings, Inc. will post 3.1 earnings per share for the current fiscal year.

Lamb Weston Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 2nd will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 2.78%. Lamb Weston's payout ratio is 58.50%.

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.