BidaskClub Lowers Limoneira (NASDAQ:LMNR) to Strong Sell

BidaskClub lowered shares of Limoneira (NASDAQ:LMNR) from a sell rating to a strong sell rating in a research note published on Saturday morning, BidAskClub reports.

Several other equities analysts have also issued reports on the company. TheStreet lowered Limoneira from a b- rating to a c+ rating in a research report on Tuesday, June 11th. Zacks Investment Research lowered Limoneira from a hold rating to a sell rating in a research report on Wednesday, May 15th. ValuEngine raised Limoneira from a hold rating to a buy rating in a research report on Wednesday, May 15th. Stephens lowered Limoneira from an overweight rating to an equal weight rating and lowered their price target for the stock from $25.00 to $18.00 in a research report on Tuesday, May 14th. Finally, Lake Street Capital set a $28.00 price target on Limoneira and gave the stock a buy rating in a research report on Tuesday, May 14th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company. Limoneira presently has an average rating of Hold and an average target price of $26.60.

Shares of Limoneira stock opened at $19.01 on Friday. 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 stock has a market capitalization of $346.57 million, a price-to-earnings ratio of 38.02, a P/E/G ratio of 4.73 and a beta of 1.07. The firm’s fifty day moving average price is $19.94. Limoneira has a 12 month low of $18.07 and a 12 month high of $33.42.

Limoneira (NASDAQ:LMNR) last announced its quarterly earnings data on Monday, June 10th. The company reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.11) by $0.02. The business had revenue of $42.04 million during the quarter, compared to analyst estimates of $43.54 million. Limoneira had a negative return on equity of 0.26% and a net margin of 2.22%. As a group, equities analysts expect that Limoneira will post 0.28 EPS for the current year.

In other news, Director John W.H. Merriman sold 1,811 shares of Limoneira stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $24.09, for a total value of $43,626.99. Following the completion of the transaction, the director now owns 2,011 shares of the company’s stock, valued at approximately $48,444.99. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In the last ninety days, insiders sold 6,411 shares of company stock valued at $141,794. 4.50% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Rhumbline Advisers increased its holdings in Limoneira by 50.6% in the 4th quarter. Rhumbline Advisers now owns 19,984 shares of the company’s stock worth $391,000 after buying an additional 6,711 shares in the last quarter. Mesirow Financial Investment Management Inc. bought a new stake in shares of Limoneira during the 1st quarter valued at about $430,000. Dimensional Fund Advisors LP grew its stake in shares of Limoneira by 11.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 536,126 shares of the company’s stock valued at $10,481,000 after purchasing an additional 54,730 shares during the period. Global Alpha Capital Management Ltd. lifted its position in shares of Limoneira by 4.9% during the 4th quarter. Global Alpha Capital Management Ltd. now owns 886,850 shares of the company’s stock valued at $17,338,000 after buying an additional 41,400 shares in the last quarter. Finally, Deprince Race & Zollo Inc. lifted its position in shares of Limoneira by 102.8% during the 4th quarter. Deprince Race & Zollo Inc. now owns 431,031 shares of the company’s stock valued at $8,427,000 after buying an additional 218,514 shares in the last quarter. Institutional investors own 54.06% of the company’s stock.

About Limoneira

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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Analyst Recommendations for Limoneira (NASDAQ:LMNR)

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