Shares of Limoneira (NASDAQ:LMNR) have earned an average rating of “Hold” from the eight brokerages that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $30.75.

A number of research firms have recently commented on LMNR. Zacks Investment Research upgraded Limoneira from a “sell” rating to a “hold” rating in a research note on Wednesday, August 29th. Buckingham Research lifted their target price on Limoneira from $30.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, September 11th. Lake Street Capital set a $31.00 target price on Limoneira and gave the stock a “buy” rating in a research note on Tuesday, September 11th. ValuEngine cut Limoneira from a “buy” rating to a “hold” rating in a research note on Tuesday, October 2nd. Finally, BidaskClub cut Limoneira from a “buy” rating to a “hold” rating in a research note on Saturday, November 17th.

In related news, major shareholder Calavo Growers Inc sold 8,275 shares of Limoneira stock in a transaction dated Monday, December 3rd. The stock was sold at an average price of $23.84, for a total value of $197,276.00. Following the completion of the sale, the insider now owns 1,720,295 shares of the company’s stock, valued at approximately $41,011,832.80. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director John W.H. Merriman sold 2,200 shares of Limoneira stock in a transaction dated Thursday, September 20th. The stock was sold at an average price of $28.01, for a total value of $61,622.00. Following the completion of the sale, the director now directly owns 1,218 shares of the company’s stock, valued at approximately $34,116.18. The disclosure for this sale can be found here. Insiders own 4.50% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. increased its holdings in Limoneira by 71.9% in the 3rd quarter. BlackRock Inc. now owns 1,208,848 shares of the company’s stock worth $31,564,000 after acquiring an additional 505,647 shares during the last quarter. Advisors Asset Management Inc. increased its holdings in Limoneira by 6,350.3% in the 2nd quarter. Advisors Asset Management Inc. now owns 1,039,403 shares of the company’s stock worth $603,000 after acquiring an additional 1,023,289 shares during the last quarter. Vanguard Group Inc. increased its holdings in Limoneira by 8.3% in the 3rd quarter. Vanguard Group Inc. now owns 644,144 shares of the company’s stock worth $16,819,000 after acquiring an additional 49,127 shares during the last quarter. Ashford Capital Management Inc. purchased a new stake in Limoneira in the 3rd quarter worth about $13,799,000. Finally, Dimensional Fund Advisors LP increased its holdings in Limoneira by 56.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 481,396 shares of the company’s stock worth $12,569,000 after acquiring an additional 174,382 shares during the last quarter. 50.29% of the stock is owned by institutional investors.

NASDAQ:LMNR traded down $0.32 during trading hours on Tuesday, hitting $22.03. 101,273 shares of the company traded hands, compared to its average volume of 52,834. The company has a current ratio of 0.99, a quick ratio of 0.81 and a debt-to-equity ratio of 0.31. Limoneira has a one year low of $19.62 and a one year high of $33.42. The stock has a market cap of $389.25 million, a PE ratio of 52.45, a price-to-earnings-growth ratio of 1.61 and a beta of 0.85.

Limoneira (NASDAQ:LMNR) last issued its quarterly earnings data on Monday, September 10th. The company reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.05). Limoneira had a net margin of 15.91% and a return on equity of 6.46%. The company had revenue of $39.95 million for the quarter, compared to the consensus estimate of $37.68 million. On average, sell-side analysts forecast that Limoneira will post 0.66 earnings per share for the current fiscal year.

About Limoneira

Limoneira Company operates as an agribusiness and real estate development company in the United States and internationally. The company operates through six segments: Fresh Lemons, Lemon Packing, Avocados, Other Agribusiness, Rental Operations, and Real Estate Development. The Fresh Lemons segment markets and sells lemons directly to food service, wholesale, and retail customers.

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