Lecil E. Cole Sells 100,296 Shares of Calavo Growers, Inc. (CVGW) Stock

Calavo Growers, Inc. (NASDAQ:CVGW) Chairman Lecil E. Cole sold 100,296 shares of the company’s stock in a transaction that occurred on Friday, September 21st. The stock was sold at an average price of $103.68, for a total transaction of $10,398,689.28. Following the completion of the transaction, the chairman now owns 571,071 shares of the company’s stock, valued at $59,208,641.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Shares of NASDAQ:CVGW opened at $95.50 on Thursday. Calavo Growers, Inc. has a fifty-two week low of $68.70 and a fifty-two week high of $108.00. The firm has a market cap of $1.74 billion, a P/E ratio of 44.81 and a beta of 0.53.

Calavo Growers (NASDAQ:CVGW) last issued its earnings results on Wednesday, September 5th. The company reported $0.86 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.08. Calavo Growers had a net margin of 4.04% and a return on equity of 18.68%. The firm had revenue of $296.50 million during the quarter, compared to analyst estimates of $305.12 million. During the same quarter in the prior year, the business earned $0.50 earnings per share. Calavo Growers’s revenue for the quarter was down 1.7% on a year-over-year basis. analysts expect that Calavo Growers, Inc. will post 2.94 EPS for the current year.

Several large investors have recently modified their holdings of the stock. Legal & General Group Plc boosted its position in shares of Calavo Growers by 1.9% during the first quarter. Legal & General Group Plc now owns 29,398 shares of the company’s stock worth $2,699,000 after acquiring an additional 548 shares during the last quarter. Swiss National Bank boosted its position in shares of Calavo Growers by 2.2% during the first quarter. Swiss National Bank now owns 27,500 shares of the company’s stock worth $2,536,000 after acquiring an additional 600 shares during the last quarter. Commonwealth Equity Services LLC boosted its position in shares of Calavo Growers by 25.6% during the second quarter. Commonwealth Equity Services LLC now owns 3,408 shares of the company’s stock worth $328,000 after acquiring an additional 694 shares during the last quarter. Rhumbline Advisers boosted its position in shares of Calavo Growers by 1.9% during the second quarter. Rhumbline Advisers now owns 38,112 shares of the company’s stock worth $3,664,000 after acquiring an additional 703 shares during the last quarter. Finally, OppenheimerFunds Inc. boosted its position in shares of Calavo Growers by 10.5% during the second quarter. OppenheimerFunds Inc. now owns 8,223 shares of the company’s stock worth $791,000 after acquiring an additional 781 shares during the last quarter. Hedge funds and other institutional investors own 90.69% of the company’s stock.

CVGW has been the subject of a number of recent analyst reports. Zacks Investment Research lowered shares of Calavo Growers from a “buy” rating to a “hold” rating in a research report on Wednesday, May 30th. Buckingham Research upped their target price on shares of Calavo Growers from $95.00 to $101.00 and gave the stock a “buy” rating in a research report on Tuesday, June 5th. BidaskClub lowered shares of Calavo Growers from a “hold” rating to a “sell” rating in a research report on Friday, June 8th. Finally, Vertical Group lowered shares of Calavo Growers from a “buy” rating to a “hold” rating in a research report on Tuesday, August 7th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $101.50.

Calavo Growers Company Profile

Calavo Growers, Inc markets and distributes avocados, prepared avocados, and other perishable foods to grocery retailers, food services, club stores, mass merchandisers, food distributors, wholesalers, supermarkets, specialty/natural retailers, and convenience stores worldwide. It operates in three segments: Fresh Products, Calavo Foods, and RFG.

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