Calavo Growers, Inc. (CVGW) Insider Sells $791,400.00 in Stock

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.

A number of research firms recently commented on CVGW. Stephens increased their target price on Calavo Growers from $85.00 to $100.00 and gave the company an “overweight” rating in a research note on Wednesday, December 20th. BidaskClub raised Calavo Growers from a “hold” rating to a “buy” rating in a research note on Wednesday, December 27th. Lake Street Capital reissued a “buy” rating and issued a $91.00 target price (up previously from $76.00) on shares of Calavo Growers in a research note on Wednesday, December 20th. Finally, Zacks Investment Research raised Calavo Growers from a “sell” rating to a “hold” rating in a research note on Tuesday, November 7th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $88.00.

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.

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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).

Insider Buying and Selling by Quarter for Calavo Growers (NASDAQ:CVGW)

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