Lake Street Capital set a $28.00 target price on Limoneira (NASDAQ:LMNR) in a report issued on Tuesday, TipRanks reports. The brokerage currently has a buy rating on the stock.
A number of other equities analysts have also issued reports on the company. BidaskClub lowered Limoneira from a sell rating to a strong sell rating in a research note on Tuesday, March 19th. ValuEngine raised Limoneira from a hold rating to a buy rating in a research note on Thursday, March 14th. Zacks Investment Research lowered Limoneira from a hold rating to a strong sell rating in a research note on Thursday, February 21st. Finally, Stephens lowered Limoneira from an overweight rating to an equal weight rating and decreased their price target for the company from $25.00 to $18.00 in a research note on Tuesday. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of $27.20.
Shares of NASDAQ LMNR opened at $19.58 on Tuesday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.38 and a quick ratio of 1.28. The firm has a market cap of $348.00 million, a price-to-earnings ratio of 39.16, a PEG ratio of 2.29 and a beta of 0.96. Limoneira has a 1 year low of $18.07 and a 1 year high of $33.42.
Limoneira (NASDAQ:LMNR) last issued its quarterly earnings results on Tuesday, March 12th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.05). The firm had revenue of $42.02 million for the quarter, compared to the consensus estimate of $44.74 million. Limoneira had a net margin of 4.91% and a return on equity of 3.73%. Equities research analysts forecast that Limoneira will post 0.6 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, April 19th. Shareholders of record on Monday, April 8th were paid a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date was Friday, April 5th. Limoneira’s payout ratio is currently 60.00%.
In other news, Director John W.H. Merriman sold 1,811 shares of the stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $24.09, for a total transaction of $43,626.99. Following the completion of the sale, the director now owns 2,011 shares in the company, valued at approximately $48,444.99. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert M. Sawyer sold 1,250 shares of the stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $24.28, for a total value of $30,350.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 7,672 shares of company stock valued at $179,285. 4.50% of the stock is currently owned by corporate insiders.
Large investors have recently made changes to their positions in the company. BNP Paribas Arbitrage SA lifted its position in shares of Limoneira by 757.1% during the 1st quarter. BNP Paribas Arbitrage SA now owns 3,094 shares of the company’s stock valued at $73,000 after acquiring an additional 2,733 shares during the last quarter. Metropolitan Life Insurance Co. NY lifted its position in shares of Limoneira by 369.1% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 4,424 shares of the company’s stock valued at $86,000 after acquiring an additional 3,481 shares during the last quarter. Oppenheimer Asset Management Inc. acquired a new stake in shares of Limoneira during the 4th quarter valued at $123,000. MetLife Investment Advisors LLC lifted its position in shares of Limoneira by 56.1% during the 3rd quarter. MetLife Investment Advisors LLC now owns 9,690 shares of the company’s stock valued at $253,000 after acquiring an additional 3,481 shares during the last quarter. Finally, Citigroup Inc. lifted its position in shares of Limoneira by 149.1% during the 4th quarter. Citigroup Inc. now owns 10,200 shares of the company’s stock valued at $199,000 after acquiring an additional 6,105 shares during the last quarter. Institutional investors own 50.78% of the company’s stock.
Limoneira Company Profile
Limoneira Company operates as an agribusiness and real estate development company in the United States and internationally. The company operates in six segments: Fresh Lemons, Lemon Packing, Avocados, Other Agribusiness, Rental Operations, and Real Estate Development. It grows, processes, packs, markets, and sells lemons.
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