Lake Street Reiterates Buy Rating on Limoneira Company

Lake Street analyst Mark Smith reiterated his buy rating on Limoneira Company (NasdaqGS: LMNR) on June 10, 2026, with a price target of $18. Shares of Limoneira were trading around $12.96 at the time of the report.

Other Institutional Activity in Limoneira Company

Several institutional investors have been adjusting their stakes in Limoneira Company. Global Alpha Capital Management Ltd. slightly trimmed its holdings by 446 shares, ending with 2,926,267 shares valued at approximately $39.27 million. BlackRock, Inc. reduced its position by 47,860 shares, holding 1,107,125 shares worth about $14.86 million. Vanguard Capital Management LLC initiated a new position with 788,142 shares, valued at roughly $10.58 million. First Wilshire Securities Management Inc. increased its stake by 317,872 shares, now owning 578,059 shares valued at $7.76 million. Dimensional Fund Advisors LP reduced its stake by 76,615 shares, holding 428,605 shares worth approximately $5.75 million.

Limoneira Company Stock Snapshot

Shares of Limoneira Company are currently trading near $12.96. The company has a market capitalization of approximately $235 million and a forward P/E ratio of 25.25. Limoneira's beta is 0.301, indicating relatively low volatility compared to the market. The stock's 52-week range is between $11.67 and $16.99, with a 50-day moving average of $12.84 and a 200-day moving average of $13.87. The company maintains a current ratio of 1.677 and a quick ratio of 0.602, with a debt-to-equity ratio of 60.973.

Recent Earnings

Limoneira Company reported revenues of $132.43 million, though it faced a revenue decline of 31.9% year-over-year. The company is not currently profitable, with an EPS of -$2.29 and a net margin of -30.5%. Return on equity stands at -23.3%. The next earnings report is expected on June 9, 2026.

Dividend

Limoneira Company offers an annual dividend rate of $0.30, yielding 2.21%. The dividend payout ratio is 69.77%.

Insider Buying and Selling at Limoneira Company

Gregory Hamm, Vice President, CFO, and Treasurer, sold 1,000 shares on June 1, 2026, at an average price of $12.77 as part of a planned sale under Rule 10b5-1. He also sold 1,000 shares on May 1 and April 2, 2026, at average prices of $12.78 and $13.41, respectively.

Analysts Set New Price Targets

On June 10, 2026, Lake Street maintained its buy rating on Limoneira Company with a price target of $18. The consensus among analysts is a buy, with an average target price of $21.33 based on three analyst opinions.

About Limoneira Company

Limoneira Company is an agribusiness based in Santa Paula, California. It operates through segments such as Fresh Lemons, Lemon Packing, Avocados, and Other Agribusiness. The company grows, processes, and markets lemons, oranges, specialty citrus, and wine grapes. Limoneira also leases land and provides farm management services. Founded in 1893, it is led by CEO Harold S. Edwards and employs around 191 people.

Bottom Line

Lake Street's reiteration of a buy rating for Limoneira Company reflects continued confidence in the company's potential, despite recent financial challenges. The stock's current trading level offers insight into its market perception. Investors often track analyst ratings and insider transactions for potential investment opportunities, though these reports are backward-looking and should not be the sole basis for decision-making.