Natural Grocers by Vitamin Cottage, Inc. (NGVC) Releases Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Natural Grocers by Vitamin Cottage, Inc. (NYSE:NGVC) issued its quarterly earnings data on Thursday. The specialty retailer reported $0.06 EPS for the quarter, beating the consensus estimate of $0.05 by $0.01, Briefing.com reports. The firm had revenue of $198.50 million during the quarter, compared to the consensus estimate of $193.76 million. Natural Grocers by Vitamin Cottage had a net margin of 0.95% and a return on equity of 5.50%. The company’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.07 earnings per share. Natural Grocers by Vitamin Cottage updated its FY18 guidance to $0.21-0.31 EPS.

Shares of Natural Grocers by Vitamin Cottage (NYSE NGVC) traded up $0.95 on Friday, reaching $6.25. 877,031 shares of the company’s stock were exchanged, compared to its average volume of 141,196. The stock has a market capitalization of $114.42, a PE ratio of 15.94, a PEG ratio of 2.80 and a beta of 0.85. The company has a current ratio of 1.40, a quick ratio of 0.14 and a debt-to-equity ratio of 0.44. Natural Grocers by Vitamin Cottage has a twelve month low of $4.79 and a twelve month high of $13.79.

In other Natural Grocers by Vitamin Cottage news, CFO Sandra Buffa sold 100,000 shares of the company’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $5.53, for a total value of $553,000.00. Following the sale, the chief financial officer now owns 135,091 shares in the company, valued at $747,053.23. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 60.30% of the stock is currently owned by corporate insiders.

An institutional investor recently raised its position in Natural Grocers by Vitamin Cottage stock. State Street Corp grew its position in shares of Natural Grocers by Vitamin Cottage, Inc. (NYSE:NGVC) by 9.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 176,410 shares of the specialty retailer’s stock after buying an additional 15,843 shares during the quarter. State Street Corp owned 0.79% of Natural Grocers by Vitamin Cottage worth $1,460,000 as of its most recent filing with the Securities & Exchange Commission. 32.09% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts recently issued reports on the stock. Citigroup Inc. reduced their price target on shares of Natural Grocers by Vitamin Cottage from $10.50 to $7.50 and set a “buy” rating on the stock in a research report on Monday, August 14th. TheStreet cut shares of Natural Grocers by Vitamin Cottage from a “c” rating to a “d+” rating in a research report on Monday, August 21st. Jefferies Group LLC set a $6.00 price target on shares of Natural Grocers by Vitamin Cottage and gave the company a “hold” rating in a research report on Friday, August 4th. Royal Bank Of Canada set a $14.00 price target on shares of Natural Grocers by Vitamin Cottage and gave the company a “hold” rating in a research report on Tuesday, August 1st. Finally, Deutsche Bank AG reiterated a “hold” rating and set a $8.00 price target (down previously from $12.00) on shares of Natural Grocers by Vitamin Cottage in a research report on Wednesday, August 9th. Seven research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $9.58.

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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.

Earnings History for Natural Grocers by Vitamin Cottage (NYSE:NGVC)

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