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DOLE vs. LMNR: Which Stock Is the Better Value Option?
ZACKS· 2024-09-18 16:40
Core Insights - The article compares Dole (DOLE) and Limoneira (LMNR) to determine which stock presents a better undervalued investment opportunity [1] Valuation Metrics - Dole has a forward P/E ratio of 13.87, while Limoneira has a significantly higher forward P/E of 96.80 [5] - Dole's PEG ratio is 2.71, indicating a more favorable expected EPS growth rate compared to Limoneira's PEG ratio of 6.45 [5] - Dole's P/B ratio stands at 1.08, contrasting with Limoneira's P/B ratio of 2.46, suggesting Dole is more aligned with its book value [6] - These metrics contribute to Dole's Value grade of A and Limoneira's Value grade of D [6] Earnings Outlook - Dole currently has a Zacks Rank of 1 (Strong Buy), indicating an improving earnings outlook, while Limoneira has a Zacks Rank of 3 (Hold) [3][7]
Are Consumer Staples Stocks Lagging Dole (DOLE) This Year?
ZACKS· 2024-09-18 14:46
Group 1 - Dole (DOLE) has shown strong year-to-date performance, returning approximately 36.2%, significantly outperforming the average gain of 9.4% in the Consumer Staples sector [4] - Dole is currently ranked 1 (Strong Buy) in the Zacks Rank system, indicating a positive earnings outlook with a 5.3% increase in the consensus estimate for full-year earnings over the past 90 days [3] - The Agriculture - Operations industry, to which Dole belongs, has seen an average loss of 8.5% this year, highlighting Dole's superior performance within its industry [5] Group 2 - Lifeway Foods (LWAY) is another strong performer in the Consumer Staples sector, with a year-to-date return of 66.4% and a Zacks Rank of 1 (Strong Buy) [4][5] - The consensus EPS estimate for Lifeway Foods has increased by 23.8% over the past three months, reflecting positive analyst sentiment [5] - The Food - Dairy Products industry, which includes Lifeway Foods, has experienced a decline of 2% year-to-date, contrasting with Dole's performance [6]
Dole: Strong Fundamentals, Despite The Divestiture Of Progressive Produce
Seeking Alpha· 2024-09-18 13:19
Core Viewpoint - The article presents an investment strategy focused on deep value opportunities, particularly in stocks that have recently experienced sell-offs due to non-recurrent events, with a preference for insider buying at lower prices [1] Group 1: Investment Strategy - The company employs a contrarian investment style that is highly risky and often involves illiquid options [1] - The investment portfolio is split approximately 50%-50% between shares and call options, with a typical investment timeframe of 3-24 months [1] - Fundamental analysis is utilized to assess the health of companies, their leverage, and to compare financial ratios with sector and industry averages [1] Group 2: Stock Screening Process - The company screens through thousands of stocks, primarily in the US, focusing on those that have undergone recent sell-offs [1] - Professional background checks are conducted on insiders who purchase shares after a sell-off, adding an additional layer of scrutiny [1] - Technical analysis is employed to optimize entry and exit points, using multicolor lines for support and resistance levels on weekly charts [1]
Dole (DOLE) Is Up 1.38% in One Week: What You Should Know
ZACKS· 2024-09-16 17:00
Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Overview: Dole (DOLE) - Dole currently holds a Momentum Style Score of B and a Zacks Rank of 1 (Strong Buy), indicating strong potential for outperformance [3][4] - The stock has shown significant price increases, with a 33.78% rise over the past quarter and a 34.89% increase over the last year, outperforming the S&P 500's gains of 3.93% and 27.48% respectively [7] Price Performance - Over the past week, Dole shares increased by 1.38%, while the Zacks Agriculture - Operations industry rose by 2.32% [6] - The monthly price change for Dole is 5.21%, compared to the industry's 1.49% performance [6] Trading Volume - Dole's average 20-day trading volume is 819,063 shares, which serves as a bullish indicator when combined with rising stock prices [8] Earnings Outlook - In the past two months, two earnings estimates for Dole have been revised upwards, increasing the consensus estimate from $1.15 to $1.21 for the full year [10] - For the next fiscal year, two estimates have also moved upwards with no downward revisions [10]
2 Food Stocks to Buy Amid Heightened Market Volatility
ZACKS· 2024-09-09 20:12
September is living up to its connotation of being the most volatile month for the stock market but Dole (DOLE) and Pilgrim's Pride (PPC) are two consumer food stocks that may be able to offer defensive safety in the portfolio. Both consumer staples companies have landed spots on the Zacks Rank #1 (Strong Buy) list. Even better, in addition to having an "A" Zacks Style Scores grade for Value they have beta ratios under 1.0, suggesting they should be less volatile than the broader market. Dole is a Leading F ...
Dole PLC (DOLE) Hits Fresh High: Is There Still Room to Run?
ZACKS· 2024-09-06 14:16
Have you been paying attention to shares of Dole (DOLE) ? Shares have been on the move with the stock up 10.6% over the past month. The stock hit a new 52-week high of $16.3 in the previous session. Dole has gained 32.1% since the start of the year compared to the 9.6% move for the Zacks Consumer Staples sector and the -10.5% return for the Zacks Agriculture - Operations industry. What's Driving the Outperformance? The stock has an impressive record of positive earnings surprises, as it hasn't missed our ea ...
DOLE vs. LMNR: Which Stock Should Value Investors Buy Now?
ZACKS· 2024-09-02 16:46
Investors interested in Agriculture - Operations stocks are likely familiar with Dole (DOLE) and Limoneira (LMNR) . But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look. The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The Zacks Rank favors stocks with strong earnings estimate revision trends, and our Style Scores highlight companies with specific ...
Dole (DOLE) Upgraded to Strong Buy: Here's Why
ZACKS· 2024-08-19 17:00
Dole (DOLE) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change. The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate. Since a changing earnings pictur ...
Is Dole (DOLE) Outperforming Other Consumer Staples Stocks This Year?
ZACKS· 2024-08-16 14:46
Investors interested in Consumer Staples stocks should always be looking to find the best-performing companies in the group. Dole (DOLE) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? By taking a look at the stock's year-to-date performance in comparison to its Consumer Staples peers, we might be able to answer that question. Dole is a member of the Consumer Staples sector. This group includes 184 individual stocks an ...
Dole PLC (DOLE) Hit a 52 Week High, Can the Run Continue?
ZACKS· 2024-08-16 14:17
Have you been paying attention to shares of Dole (DOLE) ? Shares have been on the move with the stock up 11.9% over the past month. The stock hit a new 52-week high of $15.47 in the previous session. Dole has gained 24.3% since the start of the year compared to the 5.7% move for the Zacks Consumer Staples sector and the -11% return for the Zacks Agriculture - Operations industry. What's Driving the Outperformance? The stock has an impressive record of positive earnings surprises, as it hasn't missed our ear ...