Limoneira (NASDAQ:LMNR) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

Shares of Limoneira (NASDAQ:LMNR) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $23.05 and traded as high as $27.72. Limoneira shares last traded at $26.98, with a volume of 36,727 shares.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Lake Street Capital restated a “hold” rating and set a $25.00 price target on shares of Limoneira in a research report on Tuesday, September 10th. B. Riley raised their target price on shares of Limoneira from $24.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, September 4th. Finally, StockNews.com upgraded shares of Limoneira from a “sell” rating to a “hold” rating in a report on Wednesday, September 11th. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, Limoneira currently has an average rating of “Moderate Buy” and a consensus price target of $25.33.

Limoneira Stock Up 1.4 %

The company has a market capitalization of $476.34 million, a price-to-earnings ratio of 89.76 and a beta of 0.48. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.84 and a current ratio of 0.93. The business has a 50-day simple moving average of $26.67 and a two-hundred day simple moving average of $23.07.

Limoneira (NASDAQ:LMNR) last announced its quarterly earnings data on Monday, September 9th. The company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.03. Limoneira had a net margin of 3.24% and a return on equity of 3.97%. The firm had revenue of $63.31 million during the quarter, compared to the consensus estimate of $63.85 million. As a group, equities analysts predict that Limoneira will post 0.4 EPS for the current year.

Limoneira Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Monday, October 7th were issued a $0.075 dividend. The ex-dividend date was Monday, October 7th. This represents a $0.30 dividend on an annualized basis and a yield of 1.14%. Limoneira’s dividend payout ratio (DPR) is presently 103.45%.

Institutional Investors Weigh In On Limoneira

A number of institutional investors and hedge funds have recently bought and sold shares of LMNR. Gabelli Funds LLC boosted its stake in shares of Limoneira by 24.0% during the 1st quarter. Gabelli Funds LLC now owns 120,300 shares of the company’s stock worth $2,353,000 after purchasing an additional 23,300 shares during the last quarter. Vanguard Group Inc. grew its position in Limoneira by 1.6% during the first quarter. Vanguard Group Inc. now owns 927,965 shares of the company’s stock valued at $18,151,000 after acquiring an additional 14,572 shares during the period. Janney Montgomery Scott LLC increased its stake in Limoneira by 9.1% during the first quarter. Janney Montgomery Scott LLC now owns 35,138 shares of the company’s stock worth $687,000 after acquiring an additional 2,923 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in shares of Limoneira by 60.8% in the 1st quarter. BNP Paribas Financial Markets now owns 8,461 shares of the company’s stock worth $165,000 after purchasing an additional 3,199 shares during the period. Finally, Riverwater Partners LLC lifted its stake in shares of Limoneira by 47.3% in the 3rd quarter. Riverwater Partners LLC now owns 200,423 shares of the company’s stock valued at $5,245,000 after purchasing an additional 64,392 shares in the last quarter. Hedge funds and other institutional investors own 64.35% 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 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.