Limoneira (LMNR) Major Shareholder Calavo Growers Inc Sells 8,275 Shares
Limoneira (NASDAQ:LMNR) major shareholder Calavo Growers Inc sold 8,275 shares of Limoneira stock in a transaction that occurred on Monday, December 3rd. The shares were sold at an average price of $23.84, for a total value of $197,276.00. Following the sale, the insider now directly owns 1,720,295 shares in the company, valued at approximately $41,011,832.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
Shares of LMNR traded down $0.58 during mid-day trading on Thursday, reaching $22.32. 8,242 shares of the company’s stock traded hands, compared to its average volume of 53,308. The stock has a market cap of $404.63 million, a PE ratio of 53.14, a price-to-earnings-growth ratio of 1.65 and a beta of 0.85. 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 12 month low of $19.62 and a 12 month high of $33.42.
Limoneira (NASDAQ:LMNR) last posted its quarterly earnings data on Monday, September 10th. The company reported $0.50 EPS for the quarter, missing the Zacks’ 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 analyst estimates of $37.68 million. As a group, analysts forecast that Limoneira will post 0.66 EPS for the current year.
A number of equities research analysts have recently weighed in on the company. Buckingham Research lifted their price target on Limoneira from $30.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, September 11th. Zacks Investment Research raised Limoneira from a “sell” rating to a “hold” rating in a report on Wednesday, August 29th. Lake Street Capital set a $31.00 price target on Limoneira and gave the company a “buy” rating in a report on Tuesday, September 11th. ValuEngine raised Limoneira from a “hold” rating to a “buy” rating in a report on Tuesday, October 9th. Finally, BidaskClub cut Limoneira from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 8th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Limoneira currently has an average rating of “Buy” and a consensus price target of $29.50.
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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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