LSV Asset Management Has $8.19 Million Stock Holdings in Dole PLC $DOLE

LSV Asset Management boosted its stake in Dole PLC (NYSE:DOLE) by 5.4% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 585,500 shares of the company’s stock after buying an additional 30,183 shares during the period. LSV Asset Management’s holdings in Dole were worth $8,191,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Pale Fire Capital SE lifted its position in Dole by 1.2% during the first quarter. Pale Fire Capital SE now owns 6,269,939 shares of the company’s stock worth $90,601,000 after acquiring an additional 71,299 shares during the last quarter. Impax Asset Management Group plc increased its stake in shares of Dole by 7.0% during the second quarter. Impax Asset Management Group plc now owns 1,526,649 shares of the company’s stock worth $21,358,000 after purchasing an additional 100,338 shares during the period. Acadian Asset Management LLC lifted its holdings in Dole by 147.3% during the 2nd quarter. Acadian Asset Management LLC now owns 1,350,546 shares of the company’s stock worth $18,878,000 after purchasing an additional 804,471 shares during the last quarter. Bridgeway Capital Management LLC lifted its holdings in Dole by 4.8% during the 1st quarter. Bridgeway Capital Management LLC now owns 1,155,304 shares of the company’s stock worth $16,694,000 after purchasing an additional 52,436 shares during the last quarter. Finally, Continental General Insurance Co. bought a new stake in Dole in the 1st quarter valued at $16,498,000.

Wall Street Analysts Forecast Growth

DOLE has been the topic of several recent research reports. Wall Street Zen cut Dole from a “buy” rating to a “hold” rating in a research report on Saturday, November 15th. Stephens initiated coverage on shares of Dole in a research report on Friday, September 12th. They issued an “equal weight” rating and a $16.00 target price for the company. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Dole in a research report on Monday. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, Dole has a consensus rating of “Hold” and an average target price of $16.00.

Dole Price Performance

Dole stock opened at $13.65 on Thursday. The firm has a market cap of $1.30 billion, a PE ratio of 54.58, a price-to-earnings-growth ratio of 1.99 and a beta of 0.65. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.26 and a quick ratio of 1.01. The stock’s fifty day moving average price is $13.29 and its two-hundred day moving average price is $13.84. Dole PLC has a one year low of $12.20 and a one year high of $15.72.

Dole (NYSE:DOLE) last released its earnings results on Monday, November 10th. The company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.01). The company had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $2.25 billion. Dole had a net margin of 0.28% and a return on equity of 8.17%. The business’s revenue was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.19 earnings per share. As a group, research analysts expect that Dole PLC will post 1.19 EPS for the current fiscal year.

Dole Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 6th. Shareholders of record on Tuesday, December 9th will be paid a dividend of $0.085 per share. This represents a $0.34 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Tuesday, December 9th. Dole’s dividend payout ratio is presently 226.67%.

Dole declared that its Board of Directors has approved a stock repurchase plan on Monday, November 10th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the company to purchase up to 8.3% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

Dole Company Profile

Dole Food Company, Inc (Dole) is a producer, marketer and distributor of fresh fruit and fresh vegetables. The Company is a producer of bananas and pineapples, and packaged fruit products, packaged salads and fresh-packed vegetables. The Company has three business segments: fresh fruit, fresh vegetables and packaged foods.