Healthy Upside Potential: Calavo Growers Inc. (CVGW)

Calavo Growers Inc. (NASDAQ: CVGW) stock fell -0.73% on Friday to $28.53 against a previous-day closing price of $28.74. With 0.51 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.16 million shares. During the session, the Food Distribution company that operates in wider Consumer Defensive sector, reached to the highest price of $29.10 whereas the lowest price it dropped to was $27.87. The 52-week range on CVGW shows that it touched its highest point at $38.97 and its lowest point at $22.64 during that stretch. It currently has a 1-year price target of $39.00. With its current market cap of 510.40 million, CVGW has annualized dividend of $0.40 while the current yield stands at 1.40%. Beta for the stock currently stands at 0.71.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CVGW was up-trending over the past week, with a rise of 1.60%, but this was down by -19.66% over a month. Three-month performance dropped to -10.03% while six-month performance rose 20.63%. The stock lost -18.53% in the past year, while it has lost -2.96% so far this year. A look at the trailing 12-month EPS for CVGW yields -0.22 with Next year EPS estimates of 1.66. For the next quarter, that number is 0.38. This implies an EPS growth rate of 47.20% for this year and 140.58% for next year. EPS is expected to grow by 14.30% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -16.70%.

Float and Shares Shorts:

At present, 17.76 million CVGW shares are outstanding with a float of 17.15 million shares on hand for trading. On Aug 30, 2023, short shares totaled 0.68 million, which was 3.83% higher than short shares on Jul 30, 2023. In addition to Mr. Shawn C. Munsell as the firm’s Chief Financial Officer, Ms. Graciela Montgomery serves as its Chief HR Officer.

Institutional Ownership:

Other institutions hold 48.79% of CVGW, in contrast to 34.31% held by mutual funds. Shares owned by individuals account for 15.28%. As the largest shareholder in CVGW with 14.77% of the stake, BlackRock Fund Advisors holds 2,626,574 shares worth 2,626,574. A second-largest stockholder of CVGW, Nuance Investments LLC, holds 2,020,959 shares, controlling over 11.36% of the firm’s shares. The Vanguard Group, Inc. is the third largest shareholder in CVGW, holding 1,330,934 shares or 7.48% stake. With a 7.04% stake in CVGW, the iShares Core S&P Small Cap ETF is the largest stakeholder. A total of 1,252,304 shares are owned by the mutual fund manager. The Nuance Mid Cap Value Fund, which owns about 5.42% of CVGW stock, is the second-largest Mutual Fund holder. It holds 964,540 shares valued at 31.79 million. Vanguard Total Stock Market ETF holds 2.88% of the stake in CVGW, owning 512,935 shares worth 16.91 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CVGW since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With CVGW analysts setting a high price target of $45.00 and a low target of $35.00, the average target price over the next 12 months is $40.33. Based on these targets, CVGW could surge 57.73% to reach the target high and rise by 22.68% to reach the target low. Reaching the average price target will result in a growth of 41.36% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

Dividends & Yield:

In terms of dividends, CVGW has a current ratio of $0.59, which is $0.59 over the trailing 12-months, while a dividend of $0.97 is likely to be paid on average over the next five years. Dividend yield is another indicator that appeals to many investors, and CVGW currently yields $1.71. In the past year, CVGW’s dividend yield has been $1.71, but when looking at the stock over the past five years, its yield has been $1.77. Accordingly, CVGW has a current buyback yield of $0.0. This was $0.0 for the TTM.

Summary of Insider Activity:

Insiders traded CVGW stock several times over the past three months with 4 Buys and 1 Sells. In these transactions, 80,001 shares were bought while 890 shares were sold. The number of buy transactions has increased to 22 while that of sell transactions has risen to 8 over the past year. The total number of shares bought during that period was 225,282 while 21,006 shares were sold.

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