EVP and CFO of Fresh Market Lisa Klinger Sold 27,576 Shares

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Jun 20, 2012
Executive Vice President and CFO of Fresh Market (TFM, Financial) Lisa Klinger sold 27,576 shares on 06/18/2012 at an average price of $50. The total transaction amount was $1,378,800. The Fresh Market Inc. operates as a food retailer offering primarily perishable food products in the southeast, midwest, and mid-atlantic United States. Fresh Market has a market cap of $2.49 billion; its shares were traded at around $53.89 with a P/E ratio of 43.5 and P/S ratio of 2.2.


Lisa Klinger recently decreased her position in TFM twice. On 1/20/2012, she sold 13,000 shares of the company at an average price of $43.30. On 6/18/2012, she sold an additional 27,576 shares of TFM. There are mixed trades from other insiders recently. Director Michael D. Tucci recently bought 1,329 shares of the company, but various other directors have sold off millions of their shares in TFM.


No gurus have recently traded in TFM.


Lisa Klinger has served Executive Vice President and CFO of TFM since March 2009. Prior to joining the company, Klinger served as interim chief financial officer during 2008 and senior vice president finance and treasurer from May 2005 to March 2009 of Michael’s Stores and assistant treasurer at Limited Brands from August 2000 to May 2005.


For the fiscal year ended January 2012, earnings per share were $1.07. Comparatively, earnings per share were $0.48 in the fiscal year ended January 2011. No public financial data is available prior to the fiscal year ended January 2011. TFM currently holds $10.68 million in cash but has $64 million in long-term debt. Over half of its $63.06 million of assets are in inventory. The company issued $0.57 million worth of shares last fiscal year.