Limoneira’s (LMNR) Hold Rating Reaffirmed at Lake Street Capital

Lake Street Capital reissued their hold rating on shares of Limoneira (NASDAQ:LMNR) in a research report sent to investors on Tuesday, Marketbeat Ratings reports. They currently have a $25.00 price target on the stock.

Separately, B. Riley lifted their target price on Limoneira from $24.00 to $28.00 and gave the company a buy rating in a research report on Wednesday, September 4th. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average price target of $25.33.

Limoneira Stock Up 2.2 %

Shares of NASDAQ:LMNR opened at $25.96 on Tuesday. The stock has a market cap of $468.58 million, a price-to-earnings ratio of -199.69, a PEG ratio of 5.91 and a beta of 0.48. The company has a quick ratio of 0.84, a current ratio of 0.93 and a debt-to-equity ratio of 0.21. Limoneira has a 12-month low of $13.88 and a 12-month high of $25.98. The business’s 50 day moving average is $22.37 and its 200 day moving average is $20.70.

Limoneira Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 19th. Investors of record on Monday, July 8th were issued a dividend of $0.075 per share. The ex-dividend date was Monday, July 8th. This represents a $0.30 dividend on an annualized basis and a yield of 1.16%. Limoneira’s dividend payout ratio (DPR) is currently -230.77%.

Institutional Trading of Limoneira

Hedge funds have recently bought and sold shares of the business. Covestor Ltd lifted its holdings in Limoneira by 48.9% during the first quarter. Covestor Ltd now owns 5,764 shares of the company’s stock worth $113,000 after acquiring an additional 1,893 shares during the period. BNP Paribas Financial Markets lifted its holdings in Limoneira by 60.8% during the first quarter. BNP Paribas Financial Markets now owns 8,461 shares of the company’s stock worth $165,000 after acquiring an additional 3,199 shares during the period. Bulldog Investors LLP bought a new stake in Limoneira during the fourth quarter worth $413,000. American Century Companies Inc. raised its stake in shares of Limoneira by 32.9% in the second quarter. American Century Companies Inc. now owns 22,198 shares of the company’s stock valued at $462,000 after buying an additional 5,498 shares during the period. Finally, Rhumbline Advisers raised its stake in shares of Limoneira by 7.4% in the second quarter. Rhumbline Advisers now owns 22,708 shares of the company’s stock valued at $473,000 after buying an additional 1,565 shares during the period. 64.35% of the stock is currently owned by institutional investors.

Limoneira Company Profile

Limoneira Company operates as an agribusiness and real estate development company in the United States and internationally. The company operates through three divisions: Agribusiness, Rental Operations, and Real Estate Development. It grows, processes, packs, markets, and sells lemons. The company also grows avocado, oranges, and specialty citrus and other crops, including Moro blood oranges, Cara Cara oranges, Valencia oranges, Minneola tangelos, Star Ruby grapefruit, pummelos, and wine grapes.