Dole (NYSE:DOLE – Get Free Report) was downgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.
A number of other brokerages also recently commented on DOLE. Wall Street Zen downgraded Dole from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $15.00 price objective (down from $18.00) on shares of Dole in a research report on Monday, March 30th. Finally, Weiss Ratings downgraded Dole from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, April 29th. Three equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and an average price target of $15.50.
View Our Latest Report on DOLE
Dole Price Performance
Dole (NYSE:DOLE – Get Free Report) last announced its quarterly earnings data on Monday, May 11th. The company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.03). The business had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.23 billion. Dole had a net margin of 0.46% and a return on equity of 7.63%. Dole’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.35 EPS. Equities research analysts forecast that Dole will post 1.39 EPS for the current year.
Institutional Investors Weigh In On Dole
Several institutional investors and hedge funds have recently modified their holdings of DOLE. Dimensional Fund Advisors LP lifted its stake in shares of Dole by 15.2% in the first quarter. Dimensional Fund Advisors LP now owns 4,999,095 shares of the company’s stock worth $71,438,000 after acquiring an additional 659,892 shares in the last quarter. Victory Capital Management Inc. lifted its stake in shares of Dole by 1.0% in the fourth quarter. Victory Capital Management Inc. now owns 4,987,681 shares of the company’s stock worth $74,765,000 after acquiring an additional 48,710 shares in the last quarter. River Road Asset Management LLC lifted its stake in shares of Dole by 12.9% in the fourth quarter. River Road Asset Management LLC now owns 4,617,435 shares of the company’s stock worth $69,215,000 after acquiring an additional 525,801 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of Dole by 13.6% in the third quarter. American Century Companies Inc. now owns 2,078,957 shares of the company’s stock worth $27,941,000 after acquiring an additional 248,703 shares in the last quarter. Finally, Impax Asset Management Group plc lifted its stake in shares of Dole by 9.8% in the third quarter. Impax Asset Management Group plc now owns 1,675,545 shares of the company’s stock worth $22,519,000 after acquiring an additional 148,896 shares in the last quarter.
Dole Company Profile
Dole plc is a global producer, marketer and distributor of fresh fruits and vegetables. The company’s product range includes bananas, pineapples, berries, grapes, salads and a variety of other fresh and packaged produce, sold under the Dole brand and through private-label arrangements. Dole’s operations span the full fresh-produce value chain, from farming and sourcing to packing, ripening, cold‑chain logistics and wholesale and retail distribution, supporting both retail grocery and foodservice customers.
The company traces its commercial heritage to the early 20th century Hawaiian pineapple business founded by James Dole and has evolved through subsequent corporate restructurings and combinations.
Further Reading
- Five stocks we like better than Dole
- Oklo Stock Could Be Ready for Another Massive Run
- D-Wave Earnings Looked Weak, But Investors May Be Missing This
- Nebius Upside Expands as AI Feedback Loop Intensifies
- Insider Trades: Okta and Abbott See Buys, Micron Insiders Sell
Receive News & Ratings for Dole Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dole and related companies with MarketBeat.com's FREE daily email newsletter.
