BDL Capital Management SAS recently announced the acquisition of new stake in Dole plc (NYSE:DOLE). This fresh investment now brings its stake to 5.42% valued currently at $49.63 million. In addition, Rubric Capital Management LP raised its holdings by 3.25 million to 3.25 million shares. And Harber Asset Management LLC has lifted its position by 19.20% or 0.29 million shares – to 1.79 million shares.
With over 0.3 million Dole plc (DOLE) shares trading Friday and a closing price of $10.32 on the day, the dollar volume was approximately $3.12 million. The shares have shown a positive half year performance of 20.56% and its price on 01/13/23 gained nearly 1.18%. Currently, there are 94.89M common shares owned by the public and among those 64.32M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 6 analysts who have offered their price forecasts for DOLE have a consensus price objective of $13.54. The analysts have set the share’s price value over the next 12 months at a high of $16.70 and a low of $9.00. The average price target is 23.78% above its recent price level and a downside to the estimated low will see the stock lose -14.67% over that period. But an upside of 38.2% will see the stock hit the forecast high price target while median target price for the stock is $15.00.
The top 3 mutual fund holders in Dole plc are BNP Paribas Funds – SMaRT Food, Echiquier SICAV – Entrepreneurs, and JNL/Franklin Templeton Internatio. BNP Paribas Funds – SMaRT Food owns 4.38 million shares of the company’s stock, all valued at over $42.24 million. The company bought an additional 0.18 million shares recently to bring their total holdings to about 4.61% of the shares outstanding. JNL/Franklin Templeton Internatio sold -0.45 million shares to bring its total holdings to over 0.9 million shares at a value of $8.67 million. JNL/Franklin Templeton Internatio now owns shares totaling to 0.95% of the shares outstanding.
Shares of Dole plc (NYSE: DOLE) opened at $10.09, down -$0.11 from a prior closing price of $10.20. However, the script later moved the day high at 10.36, up 1.18%. The company’s stock has a 5-day price change of 4.03% and 33.51% over the past three months. DOLE shares are trading 6.94% year to date (YTD), with the 12-month market performance down to -22.52% lower. It has a 12-month low price of $7.20 and touched a high of $15.78 over the same period. DOLE has an average intraday trading volume of 359.28K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 4.81%, 5.61%, and 6.36% respectively.
Institutional ownership of Dole plc (NYSE: DOLE) shares accounts for 34.80% of the company’s 94.89M shares outstanding. Mutual fund holders own 15.53%, while other institutional holders and individual stakeholders account for 19.33% and — respectively.
It has a market capitalization of $968.02M. The stock’s trailing 12-month PE ratio is 19.40, while the earnings-per-share (ttm) stands at $0.53. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.59% over the week and 2.71% over the month.
Analysts forecast that Dole plc (DOLE) will achieve an EPS of $0.1 for the current quarter, $0.13 for the next quarter and $1.18 for 2023. The lowest estimate earnings-per-share for the quarter is $0.06 while analysts give the company a high EPS estimate of $0.13. Comparatively, EPS for the current quarter was $0.04 a year ago. Earnings per share for the fiscal year are expected to decrease by -117.70%, and 25.11% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 6 brokerage firm advisors rate Dole plc (DOLE) as a “Moderate Buy” at a consensus score of 2.30. Specifically, 5 Wall Street analysts polled rate the stock as a buy, while 0 of the 6 advise that investors “hold,” and 0 rated it as a “Sell.”
