A number of other analysts also recently commented on the stock. National Securities assumed coverage on shares of Limoneira in a research report on Monday, July 22nd. They set a buy rating and a $30.00 price target on the stock. Stephens downgraded shares of Limoneira from an overweight rating to an equal weight rating and dropped their price target for the stock from $25.00 to $18.00 in a research report on Tuesday, May 14th. ValuEngine upgraded shares of Limoneira from a hold rating to a buy rating in a research report on Wednesday, May 15th. Lake Street Capital restated a buy rating and set a $25.00 price target (down from $28.00) on shares of Limoneira in a research report on Thursday, June 13th. Finally, TheStreet downgraded shares of Limoneira from a b- rating to a c+ rating in a research report on Tuesday, June 11th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. Limoneira has an average rating of Hold and an average price target of $26.60.
NASDAQ:LMNR traded down $0.45 during mid-day trading on Wednesday, hitting $19.28. The stock had a trading volume of 47,602 shares, compared to its average volume of 51,335. The stock has a market capitalization of $351.72 million, a PE ratio of 38.56, a price-to-earnings-growth ratio of 4.66 and a beta of 1.08. The stock’s 50 day moving average is $19.41. Limoneira has a 52 week low of $18.07 and a 52 week high of $33.42. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.04 and a quick ratio of 0.96.
The business also recently declared a quarterly dividend, which was paid on Thursday, July 18th. Shareholders of record on Monday, July 8th were given a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.56%. This is an increase from Limoneira’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Friday, July 5th. Limoneira’s payout ratio is 60.00%.
Several hedge funds have recently added to or reduced their stakes in LMNR. Teton Advisors Inc. grew its stake in shares of Limoneira by 18.7% during the 2nd quarter. Teton Advisors Inc. now owns 165,545 shares of the company’s stock worth $3,301,000 after acquiring an additional 26,070 shares in the last quarter. Tarbox Family Office Inc. bought a new position in shares of Limoneira during the 2nd quarter worth approximately $598,000. Stephens Investment Management Group LLC grew its stake in shares of Limoneira by 2.5% during the 2nd quarter. Stephens Investment Management Group LLC now owns 617,862 shares of the company’s stock worth $12,320,000 after acquiring an additional 14,954 shares in the last quarter. Aperio Group LLC bought a new position in shares of Limoneira during the 2nd quarter worth approximately $41,000. Finally, NJ State Employees Deferred Compensation Plan grew its stake in shares of Limoneira by 46.2% during the 2nd quarter. NJ State Employees Deferred Compensation Plan now owns 38,000 shares of the company’s stock worth $757,000 after acquiring an additional 12,000 shares in the last quarter. Institutional investors own 54.45% 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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