Deutsche Bank AG reissued their hold rating on shares of Natural Grocers by Vitamin Cottage, Inc. (NYSE:NGVC) in a report published on Wednesday morning. They currently have a $8.00 price objective on the specialty retailer’s stock, down from their previous price objective of $12.00.
Several other research analysts have also commented on NGVC. Royal Bank Of Canada set a $14.00 price objective on shares of Natural Grocers by Vitamin Cottage and gave the company a hold rating in a research note on Tuesday, August 1st. Jefferies Group LLC set a $6.00 price objective on shares of Natural Grocers by Vitamin Cottage and gave the company a hold rating in a research note on Friday, August 4th. Wolfe Research raised shares of Natural Grocers by Vitamin Cottage from an underperform rating to a market perform rating in a research note on Monday, August 7th. Finally, Zacks Investment Research lowered shares of Natural Grocers by Vitamin Cottage from a hold rating to a sell rating in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. Natural Grocers by Vitamin Cottage has a consensus rating of Hold and a consensus target price of $11.00.
Natural Grocers by Vitamin Cottage (NYSE NGVC) traded up 2.89% during midday trading on Wednesday, hitting $6.40. 293,551 shares of the stock traded hands. The company’s 50-day moving average is $7.83 and its 200 day moving average is $10.05. The firm has a market cap of $143.58 million, a P/E ratio of 20.19 and a beta of 0.88. Natural Grocers by Vitamin Cottage has a 12-month low of $5.50 and a 12-month high of $13.79.
Natural Grocers by Vitamin Cottage (NYSE:NGVC) last posted its quarterly earnings data on Thursday, August 3rd. The specialty retailer reported $0.03 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by $0.08. Natural Grocers by Vitamin Cottage had a net margin of 0.95% and a return on equity of 5.50%. The business had revenue of $194.70 million during the quarter, compared to analysts’ expectations of $196.26 million. During the same period in the previous year, the business posted $0.12 EPS. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. On average, analysts anticipate that Natural Grocers by Vitamin Cottage will post $0.30 EPS for the current fiscal year.
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In other news, insider Kemper Isely purchased 5,400 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The stock was bought at an average price of $6.19 per share, for a total transaction of $33,426.00. Following the completion of the purchase, the insider now directly owns 3,118,302 shares of the company’s stock, valued at $19,302,289.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 60.30% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Royce & Associates LP increased its position in shares of Natural Grocers by Vitamin Cottage by 14.8% in the first quarter. Royce & Associates LP now owns 655,648 shares of the specialty retailer’s stock worth $6,812,000 after buying an additional 84,648 shares in the last quarter. Alambic Investment Management L.P. purchased a new position in shares of Natural Grocers by Vitamin Cottage during the first quarter worth about $480,000. Ameriprise Financial Inc. increased its position in shares of Natural Grocers by Vitamin Cottage by 19.8% in the first quarter. Ameriprise Financial Inc. now owns 171,814 shares of the specialty retailer’s stock worth $1,785,000 after buying an additional 28,394 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Natural Grocers by Vitamin Cottage by 4.3% in the first quarter. Bank of New York Mellon Corp now owns 81,434 shares of the specialty retailer’s stock worth $846,000 after buying an additional 3,382 shares in the last quarter. Finally, Wells Fargo & Company MN increased its position in shares of Natural Grocers by Vitamin Cottage by 102.5% in the first quarter. Wells Fargo & Company MN now owns 13,086 shares of the specialty retailer’s stock worth $136,000 after buying an additional 6,623 shares in the last quarter. Institutional investors own 33.03% of the company’s stock.
Natural Grocers by Vitamin Cottage Company Profile
Natural Grocers By Vitamin Cottage Inc (Natural Grocers) is a specialty retailer of natural and organic groceries and dietary supplements. The Company sells natural and organic groceries and dietary supplements. The Company’s grocery products include: bulk food and private label products, dry, frozen and canned groceries, meats and seafood, dairy products and dairy substitutes, prepared foods, bread and baked goods, and beverages.
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