Calavo Growers, Inc. (NASDAQ:CVGW) was the target of a significant decrease in short interest in the month of November. As of November 30th, there was short interest totalling 5,510,036 shares, a decrease of 4.4% from the November 15th total of 5,761,426 shares. Currently, 36.2% of the shares of the stock are short sold. Based on an average daily volume of 87,777 shares, the days-to-cover ratio is presently 62.8 days.

Shares of Calavo Growers (NASDAQ CVGW) opened at $79.25 on Thursday. Calavo Growers has a 1-year low of $48.75 and a 1-year high of $83.00. The firm has a market cap of $1,390.00, a PE ratio of 35.76 and a beta of 0.65.

Calavo Growers (NASDAQ:CVGW) last posted its quarterly earnings data on Tuesday, December 19th. The company reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.09. Calavo Growers had a net margin of 3.46% and a return on equity of 16.07%. The company had revenue of $277.20 million during the quarter, compared to analyst estimates of $297.40 million. During the same period in the prior year, the firm earned $0.53 earnings per share. The business’s quarterly revenue was up 11.9% on a year-over-year basis. research analysts anticipate that Calavo Growers will post 2.05 EPS for the current year.

The company also recently disclosed an annual dividend, which was paid on Friday, December 8th. Shareholders of record on Friday, November 17th were paid a dividend of $0.95 per share. The ex-dividend date was Thursday, November 16th. This is a positive change from Calavo Growers’s previous annual dividend of $0.90. This represents a yield of 1.29%. Calavo Growers’s dividend payout ratio is currently 45.89%.

A number of brokerages have weighed in on CVGW. Stephens upped their price target on shares of Calavo Growers from $85.00 to $100.00 and gave the company an “overweight” rating in a report on Wednesday. Lake Street Capital reissued a “buy” rating and issued a $91.00 price target (up from $76.00) on shares of Calavo Growers in a report on Wednesday. Zacks Investment Research raised shares of Calavo Growers from a “sell” rating to a “hold” rating in a report on Tuesday, November 7th. Finally, BidaskClub downgraded shares of Calavo Growers from a “buy” rating to a “hold” rating in a report on Thursday, December 7th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $85.40.

In related news, insider James E. Snyder sold 750 shares of the company’s stock in a transaction dated Tuesday, October 17th. The shares were sold at an average price of $70.19, for a total value of $52,642.50. Following the completion of the sale, the insider now owns 11,095 shares of the company’s stock, valued at $778,758.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 9.90% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in Calavo Growers by 4.3% during the second quarter. Vanguard Group Inc. now owns 877,726 shares of the company’s stock valued at $60,607,000 after buying an additional 36,077 shares in the last quarter. Stephens Investment Management Group LLC lifted its stake in Calavo Growers by 4.6% during the second quarter. Stephens Investment Management Group LLC now owns 782,453 shares of the company’s stock valued at $54,028,000 after buying an additional 34,752 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Calavo Growers by 1.9% during the third quarter. Dimensional Fund Advisors LP now owns 645,154 shares of the company’s stock valued at $47,225,000 after buying an additional 12,002 shares in the last quarter. State Street Corp lifted its stake in Calavo Growers by 5.1% during the second quarter. State Street Corp now owns 383,219 shares of the company’s stock valued at $26,462,000 after buying an additional 18,591 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in 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 valued at $28,048,000 after buying an additional 2,511 shares in the last quarter. 92.17% of the stock is owned by institutional investors.

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About Calavo Growers

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).

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