Calavo Growers, Inc. (NASDAQ:CVGW) insider James E. Gibson sold 10,000 shares of the stock in a transaction on Wednesday, December 26th. The shares were sold at an average price of $79.14, for a total value of $791,400.00. Following the completion of the transaction, the insider now directly owns 61,991 shares in the company, valued at approximately $4,905,967.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Calavo Growers, Inc. (NASDAQ CVGW) opened at $87.35 on Thursday. Calavo Growers, Inc. has a 12 month low of $48.75 and a 12 month high of $89.55. The stock has a market capitalization of $1,530.00, a PE ratio of 41.01 and a beta of 0.65.
Calavo Growers (NASDAQ:CVGW) last announced its quarterly earnings data on Tuesday, December 19th. The company reported $0.59 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.09. Calavo Growers had a return on equity of 16.01% and a net margin of 3.47%. The firm had revenue of $277.20 million for the quarter, compared to analysts’ expectations of $297.40 million. The company’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same period last year, the firm earned $0.53 earnings per share. equities analysts predict that Calavo Growers, Inc. will post 2.82 EPS for the current fiscal year.
Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Calavo Growers by 4.3% during the second quarter. Vanguard Group Inc. now owns 877,726 shares of the company’s stock worth $60,607,000 after purchasing an additional 36,077 shares during the period. Stephens Investment Management Group LLC boosted its holdings in shares of Calavo Growers by 4.6% during the second quarter. Stephens Investment Management Group LLC now owns 782,453 shares of the company’s stock worth $54,028,000 after purchasing an additional 34,752 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Calavo Growers by 1.9% during the third quarter. Dimensional Fund Advisors LP now owns 645,154 shares of the company’s stock worth $47,225,000 after purchasing an additional 12,002 shares during the period. State Street Corp boosted its holdings in shares of Calavo Growers by 5.1% during the second quarter. State Street Corp now owns 383,219 shares of the company’s stock worth $26,462,000 after purchasing an additional 18,591 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Calavo Growers by 0.7% during the third quarter. Bank of New York Mellon Corp now owns 383,180 shares of the company’s stock worth $28,048,000 after purchasing an additional 2,511 shares during the period. Institutional investors own 92.17% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: “Calavo Growers, Inc. (CVGW) Insider Sells $791,400.00 in Stock” was originally posted by Sports Perspectives and is the sole property of of Sports Perspectives. If you are viewing this news story on another website, it was illegally stolen and reposted in violation of US & international trademark & copyright law. The correct version of this news story can be accessed at https://sportsperspectives.com/2018/01/11/calavo-growers-inc-cvgw-insider-sells-791400-00-in-stock.html.
Calavo Growers Company Profile
Calavo Growers, Inc operates in the avocado industry. The Company provides value-added fresh food. The Company distributes its products both domestically and internationally and internationally. It operates in three business segments: Fresh products, Calavo Foods and Renaissance Food Group, LLC (RFG).
Receive News & Ratings for Calavo Growers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Calavo Growers and related companies with MarketBeat.com's FREE daily email newsletter.