Dole (NYSE:DOLE – Get Free Report) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports.
DOLE has been the topic of a number of other reports. Weiss Ratings downgraded Dole from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, April 29th. 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 note on Monday, March 30th. Four research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $15.50.
Read Our Latest Stock Analysis on DOLE
Dole Stock Performance
Dole (NYSE:DOLE – Get Free Report) last announced its quarterly earnings results on Monday, May 11th. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.03). Dole had a return on equity of 7.63% and a net margin of 0.46%.The company had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.23 billion. During the same quarter in the previous year, the firm earned $0.35 EPS. The firm’s revenue for the quarter was up 11.6% compared to the same quarter last year. As a group, analysts anticipate that Dole will post 1.39 EPS for the current fiscal year.
Institutional Investors Weigh In On Dole
Several institutional investors have recently modified their holdings of DOLE. CoreCap Advisors LLC lifted its position in Dole by 13.2% in the second quarter. CoreCap Advisors LLC now owns 6,902 shares of the company’s stock worth $95,000 after buying an additional 803 shares during the last quarter. Empowered Funds LLC increased its position in Dole by 3.9% during the first quarter. Empowered Funds LLC now owns 449,398 shares of the company’s stock valued at $6,422,000 after acquiring an additional 16,811 shares during the last quarter. Glenmede Trust Co. NA bought a new position in Dole during the first quarter valued at $316,000. CTC Alternative Strategies Ltd. purchased a new stake in shares of Dole in the first quarter valued at $149,000. Finally, Quantinno Capital Management LP raised its stake in shares of Dole by 14.8% in the first quarter. Quantinno Capital Management LP now owns 69,490 shares of the company’s stock valued at $993,000 after acquiring an additional 8,967 shares during the period.
About Dole
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.
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