Natural Grocers by Vitamin Cottage (NYSE:NGVC) Releases Earnings Results, Beats Estimates By $0.09 EPS
Natural Grocers by Vitamin Cottage (NYSE:NGVC) reported quarterly earnings of $0.51 per share, surpassing the consensus estimate of $0.42. The company achieved a net margin of 3.31% and a return on equity of 23.47%. Despite the positive earnings, shares fell 3.9% to $30.15. Institutional investors have adjusted their holdings, and analysts have mixed ratings, with a target price of $54.00.
Natural Grocers by Vitamin Cottage (NYSE:NGVC - Get Free Report) issued its earnings results on Thursday. The specialty retailer reported $0.51 earnings per share for the quarter, beating analysts' consensus estimates of $0.42 by $0.09, Zacks reports. Natural Grocers by Vitamin Cottage had a return on equity of 23.47% and a net margin of 3.31%.
Natural Grocers by Vitamin Cottage Trading Down 3.9%
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Shares of NYSE:NGVC traded down $1.21 during mid-day trading on Thursday, reaching $30.15. The stock had a trading volume of 357,506 shares, compared to its average volume of 214,355. The firm has a 50 day simple moving average of $36.64 and a two-hundred day simple moving average of $40.26. Natural Grocers by Vitamin Cottage has a twelve month low of $29.98 and a twelve month high of $61.22. The firm has a market cap of $691.92 million, a PE ratio of 16.04 and a beta of 1.57. The company has a current ratio of 1.02, a quick ratio of 0.21 and a debt-to-equity ratio of 0.21.
Institutional Trading of Natural Grocers by Vitamin Cottage
Hedge funds and other institutional investors have recently modified their holdings of the stock. Diversify Advisory Services LLC bought a new position in shares of Natural Grocers by Vitamin Cottage in the second quarter valued at approximately $402,000. Squarepoint Ops LLC bought a new position in shares of Natural Grocers by Vitamin Cottage during the 2nd quarter valued at approximately $1,008,000. Qube Research & Technologies Ltd grew its holdings in Natural Grocers by Vitamin Cottage by 76.1% during the second quarter. Qube Research & Technologies Ltd now owns 233,167 shares of the specialty retailer's stock valued at $9,152,000 after purchasing an additional 100,732 shares during the period. Federated Hermes Inc. increased its holdings in Natural Grocers by Vitamin Cottage by 124.9% in the 2nd quarter. Federated Hermes Inc. now owns 37,929 shares of the specialty retailer's stock worth $1,489,000 after acquiring an additional 21,062 shares during the last quarter. Finally, First Trust Advisors LP raised its position in shares of Natural Grocers by Vitamin Cottage by 4.2% in the second quarter. First Trust Advisors LP now owns 34,403 shares of the specialty retailer's stock valued at $1,350,000 after purchasing an additional 1,372 shares during the period. Institutional investors own 31.99% of the company's stock.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on NGVC. Wall Street Zen raised Natural Grocers by Vitamin Cottage from a "hold" rating to a "buy" rating in a research report on Saturday, October 25th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Natural Grocers by Vitamin Cottage in a report on Wednesday, October 8th. Finally, Northcoast Research set a $54.00 target price on Natural Grocers by Vitamin Cottage and gave the stock a "buy" rating in a research report on Wednesday, October 22nd. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $54.00.
View Our Latest Research Report on NGVC
About Natural Grocers by Vitamin Cottage
(Get Free Report)Natural Grocers by Vitamin Cottage, Inc, together with its subsidiaries, retails natural and organic groceries, and dietary supplements in the United States. The company's stores offer natural and organic grocery products, such as organic produce; private label repackaged bulk products, including dried fruits, nuts, grains, granolas, teas, herbs, and spices, as well as peanut and almond butters; private label products comprising grocery staples, household products, bulk foods, and vitamins and dietary supplements, as well as organic eggs, organic flavored coffee, and organic mustard; dry, frozen, and canned groceries; meat and seafood products; dairy products, dairy substitutes, and eggs; prepared foods; bread and baked products; beverages; and beer, wine, and hard cider products.
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