Landscape Capital Management L.L.C. Buys New Stake in Calavo Growers, Inc. $CVGW

Key Points

• Landscape Capital Management L.L.C. acquired 32,719 shares of Calavo Growers, Inc. valued at approximately $785,000, representing 0.18% ownership as per the latest SEC filing.
• The company reported $0.40 EPS for the most recent quarter, which fell short of analysts' expectations of $0.53, with a total revenue of $190.55 million compared to forecasts of $192.75 million.
• Calavo Growers declared a quarterly dividend of $0.20 per share, translating to an annual yield of 2.9%, despite a high dividend payout ratio of 137.93%.

Landscape Capital Management L.L.C. bought a new position in shares of Calavo Growers, Inc. (NASDAQ:CVGW - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 32,719 shares of the company's stock, valued at approximately $785,000. Landscape Capital Management L.L.C. owned approximately 0.18% of Calavo Growers as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in CVGW. New York State Teachers Retirement System acquired a new stake in Calavo Growers during the 1st quarter worth approximately $36,000. CWM LLC lifted its holdings in Calavo Growers by 5,960.5% during the 1st quarter. CWM LLC now owns 2,303 shares of the company's stock worth $55,000 after buying an additional 2,265 shares in the last quarter. Aquatic Capital Management LLC acquired a new stake in Calavo Growers during the 4th quarter worth approximately $86,000. State of Wyoming acquired a new stake in Calavo Growers during the 4th quarter worth approximately $99,000. Finally, Tower Research Capital LLC TRC lifted its holdings in Calavo Growers by 139.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 5,393 shares of the company's stock worth $138,000 after buying an additional 3,141 shares in the last quarter. 81.30% of the stock is currently owned by institutional investors and hedge funds.

Calavo Growers Trading Up 0.3%

Shares of NASDAQ:CVGW opened at $27.35 on Friday. Calavo Growers, Inc. has a 52 week low of $21.46 and a 52 week high of $30.02. The company's 50 day moving average is $26.97 and its two-hundred day moving average is $25.74. The company has a current ratio of 2.00, a quick ratio of 1.54 and a debt-to-equity ratio of 0.02. The company has a market cap of $487.92 million, a PE ratio of 47.16 and a beta of 0.42.

Calavo Growers (NASDAQ:CVGW - Get Free Report) last announced its quarterly earnings data on Monday, June 9th. The company reported $0.40 EPS for the quarter, missing analysts' consensus estimates of $0.53 by ($0.13). Calavo Growers had a net margin of 1.50% and a return on equity of 11.79%. The firm had revenue of $190.55 million during the quarter, compared to analysts' expectations of $192.75 million. During the same period in the prior year, the company posted $0.50 earnings per share. The company's revenue for the quarter was up 3.3% on a year-over-year basis. Equities analysts predict that Calavo Growers, Inc. will post 1.87 earnings per share for the current fiscal year.

Calavo Growers Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 30th. Shareholders of record on Monday, June 30th were given a $0.20 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.9%. Calavo Growers's dividend payout ratio is currently 137.93%.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered shares of Calavo Growers from a "buy" rating to a "hold" rating in a report on Thursday, May 15th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, Calavo Growers has an average rating of "Buy" and an average price target of $35.00.

About Calavo Growers

Calavo Growers, Inc markets and distributes avocados, prepared avocados, and other perishable foods to retail grocery and foodservice customers, club stores, mass merchandisers, food distributors, and wholesale customers worldwide. It operates through Grown and Prepared segments. The Grown segment distributes tomatoes and papayas; and procures avocados grown in California, Mexico, Peru, and Colombia.

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