Roth Capital set a $28.00 target price on Limoneira (NASDAQ:LMNR) in a research report report published on Friday morning. The firm currently has a buy rating on the stock.

Several other equities research analysts have also weighed in on LMNR. BidaskClub lowered Limoneira from a hold rating to a sell rating in a report on Saturday, August 19th. Zacks Investment Research lowered Limoneira from a buy rating to a hold rating in a report on Friday, August 25th.

Limoneira (NASDAQ:LMNR) traded down $0.01 on Friday, reaching $22.15. The company had a trading volume of 66,172 shares, compared to its average volume of 30,285. Limoneira has a 12-month low of $16.39 and a 12-month high of $26.06. The company has a current ratio of 0.74, a quick ratio of 0.61 and a debt-to-equity ratio of 0.70. The firm has a market cap of $318.37, a price-to-earnings ratio of 41.04 and a beta of 1.06.

Limoneira (NASDAQ:LMNR) last posted its earnings results on Monday, September 11th. The company reported $0.52 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by ($0.01). Limoneira had a return on equity of 6.64% and a net margin of 7.42%. The company had revenue of $40.40 million during the quarter, compared to analyst estimates of $37.94 million. During the same quarter last year, the firm posted $0.71 earnings per share. The firm’s revenue for the quarter was up 1.3% compared to the same quarter last year. research analysts expect that Limoneira will post 0.52 EPS for the current year.

In other Limoneira news, insider Harold S. Edwards sold 6,652 shares of Limoneira stock in a transaction that occurred on Thursday, October 5th. The stock was sold at an average price of $23.00, for a total value of $152,996.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Ronald L. Michaelis sold 1,500 shares of Limoneira stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $23.58, for a total value of $35,370.00. Following the completion of the transaction, the director now directly owns 9,686 shares in the company, valued at $228,395.88. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,649 shares of company stock valued at $200,293. Corporate insiders own 5.70% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the business. Dynamic Technology Lab Private Ltd bought a new position in Limoneira in the 2nd quarter worth approximately $358,000. Vanguard Group Inc. increased its position in Limoneira by 4.0% in the 1st quarter. Vanguard Group Inc. now owns 489,206 shares of the company’s stock worth $10,230,000 after buying an additional 18,774 shares during the period. Geode Capital Management LLC increased its position in Limoneira by 9.9% in the 1st quarter. Geode Capital Management LLC now owns 85,463 shares of the company’s stock worth $1,787,000 after buying an additional 7,675 shares during the period. NJ State Employees Deferred Compensation Plan increased its position in Limoneira by 73.3% in the 3rd quarter. NJ State Employees Deferred Compensation Plan now owns 26,000 shares of the company’s stock worth $602,000 after buying an additional 11,000 shares during the period. Finally, Teton Advisors Inc. increased its position in Limoneira by 1.5% in the 2nd quarter. Teton Advisors Inc. now owns 138,575 shares of the company’s stock worth $3,275,000 after buying an additional 1,985 shares during the period. 27.47% of the stock is currently owned by institutional investors.

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About Limoneira

Limoneira Company is engaged in agribusiness and real estate development. The Company’s operations consist of fruit production, sales and marketing, rental operations, real estate development and capital investment activities. The Company’s segments include lemon operations, other agribusiness, rental operations and real estate development.

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