Calavo Growers, Inc. (NASDAQ:CVGW) has earned a consensus rating of “Hold” from the seven analysts that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $102.33.

Several brokerages recently weighed in on CVGW. Buckingham Research cut shares of Calavo Growers from a “buy” rating to a “neutral” rating and set a $98.00 price target on the stock. in a research report on Tuesday, September 4th. They noted that the move was a valuation call. BidaskClub cut shares of Calavo Growers from a “buy” rating to a “hold” rating in a research report on Saturday, September 22nd. Lake Street Capital set a $109.00 price target on shares of Calavo Growers and gave the stock a “buy” rating in a research note on Friday, September 7th. Zacks Investment Research lowered shares of Calavo Growers from a “hold” rating to a “sell” rating in a research note on Thursday, September 20th. Finally, Vertical Group lowered shares of Calavo Growers from a “buy” rating to a “hold” rating in a research note on Tuesday, August 7th.

Shares of CVGW opened at $96.54 on Friday. The stock has a market capitalization of $1.70 billion, a PE ratio of 45.32 and a beta of 0.47. Calavo Growers has a one year low of $68.70 and a one year high of $108.00.

Calavo Growers (NASDAQ:CVGW) last issued its earnings results on Wednesday, September 5th. The company reported $0.86 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.78 by $0.08. The company had revenue of $296.50 million during the quarter, compared to the consensus estimate of $305.12 million. Calavo Growers had a return on equity of 18.68% and a net margin of 4.04%. The firm’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same period last year, the business posted $0.50 EPS. Analysts anticipate that Calavo Growers will post 2.87 earnings per share for the current year.

The business also recently declared an annual dividend, which will be paid on Friday, December 7th. Stockholders of record on Friday, November 16th will be paid a dividend of $1.00 per share. The ex-dividend date is Thursday, November 15th. This represents a dividend yield of 1%. This is a positive change from Calavo Growers’s previous annual dividend of $0.95. Calavo Growers’s dividend payout ratio (DPR) is presently 44.60%.

In related news, Chairman Lecil E. Cole sold 100,296 shares of Calavo Growers stock in a transaction that occurred on Friday, September 21st. The shares were sold at an average price of $103.68, for a total value of $10,398,689.28. Following the completion of the transaction, the chairman now directly owns 571,071 shares in the company, valued at approximately $59,208,641.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Der Kar Scott Van sold 1,000 shares of Calavo Growers stock in a transaction that occurred on Tuesday, August 14th. The shares were sold at an average price of $100.00, for a total transaction of $100,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 101,639 shares of company stock valued at $10,531,528. 8.40% of the stock is currently owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the stock. New York State Common Retirement Fund grew its position in shares of Calavo Growers by 5.0% during the 1st quarter. New York State Common Retirement Fund now owns 25,396 shares of the company’s stock valued at $2,342,000 after purchasing an additional 1,200 shares in the last quarter. California Public Employees Retirement System grew its position in shares of Calavo Growers by 3.3% during the 1st quarter. California Public Employees Retirement System now owns 36,235 shares of the company’s stock valued at $3,341,000 after purchasing an additional 1,146 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Calavo Growers by 1.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 655,329 shares of the company’s stock valued at $60,421,000 after purchasing an additional 9,057 shares in the last quarter. Principal Financial Group Inc. grew its position in shares of Calavo Growers by 4.4% during the 1st quarter. Principal Financial Group Inc. now owns 123,297 shares of the company’s stock valued at $11,368,000 after purchasing an additional 5,223 shares in the last quarter. Finally, Profund Advisors LLC purchased a new position in shares of Calavo Growers during the 1st quarter valued at $226,000. Institutional investors and hedge funds own 88.94% of the company’s stock.

About Calavo Growers

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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