Northcoast Research Begins Coverage on Natural Grocers by Vitamin Cottage (NYSE:NGVC)

Investment analysts at Northcoast Research initiated coverage on shares of Natural Grocers by Vitamin Cottage (NYSE:NGVC) in a note issued to investors on Wednesday, Marketbeat Ratings reports. The firm set a “buy” rating and a $54.00 price target on the specialty retailer’s stock. Northcoast Research’s price objective points to a potential upside of 32.36% from the stock’s current price.

Other research analysts have also issued research reports about the stock. Wall Street Zen lowered shares of Natural Grocers by Vitamin Cottage from a “buy” rating to a “hold” rating in a research note on Friday, September 5th. Weiss Ratings reissued a “hold (c+)” rating on shares of Natural Grocers by Vitamin Cottage in a research report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $54.00.

Natural Grocers by Vitamin Cottage Trading Up 0.7%

Shares of NYSE:NGVC opened at $40.80 on Wednesday. The business’s 50-day moving average is $38.69 and its 200 day moving average is $42.14. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.02 and a quick ratio of 0.21. Natural Grocers by Vitamin Cottage has a 1 year low of $26.33 and a 1 year high of $61.22. The firm has a market capitalization of $936.29 million, a P/E ratio of 21.70 and a beta of 1.56.

Natural Grocers by Vitamin Cottage (NYSE:NGVC) last issued its quarterly earnings results on Thursday, August 7th. The specialty retailer reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.01. Natural Grocers by Vitamin Cottage had a return on equity of 23.47% and a net margin of 3.31%.The business had revenue of $328.71 million for the quarter, compared to analyst estimates of $335.01 million. Natural Grocers by Vitamin Cottage has set its FY 2025 guidance at 1.900-1.950 EPS. On average, research analysts predict that Natural Grocers by Vitamin Cottage will post 1.61 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Natural Grocers by Vitamin Cottage news, insider Lark Isely sold 2,000 shares of the company’s stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $40.00, for a total value of $80,000.00. Following the sale, the insider directly owned 4,682 shares of the company’s stock, valued at approximately $187,280. This represents a 29.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 58.80% of the company’s stock.

Hedge Funds Weigh In On Natural Grocers by Vitamin Cottage

Several institutional investors and hedge funds have recently modified their holdings of NGVC. Vanguard Group Inc. boosted its stake in shares of Natural Grocers by Vitamin Cottage by 9.8% in the first quarter. Vanguard Group Inc. now owns 757,084 shares of the specialty retailer’s stock worth $30,435,000 after buying an additional 67,793 shares during the last quarter. Lord Abbett & CO. LLC lifted its holdings in Natural Grocers by Vitamin Cottage by 24.1% in the first quarter. Lord Abbett & CO. LLC now owns 497,268 shares of the specialty retailer’s stock valued at $19,990,000 after acquiring an additional 96,678 shares during the period. American Century Companies Inc. boosted its position in Natural Grocers by Vitamin Cottage by 5.9% in the 2nd quarter. American Century Companies Inc. now owns 494,542 shares of the specialty retailer’s stock worth $19,411,000 after purchasing an additional 27,732 shares in the last quarter. Victory Capital Management Inc. acquired a new stake in shares of Natural Grocers by Vitamin Cottage during the 1st quarter worth approximately $14,006,000. Finally, Geode Capital Management LLC grew its stake in shares of Natural Grocers by Vitamin Cottage by 20.1% during the 2nd quarter. Geode Capital Management LLC now owns 271,380 shares of the specialty retailer’s stock worth $10,653,000 after purchasing an additional 45,343 shares during the period. Institutional investors and hedge funds own 31.99% of the company’s stock.

About Natural Grocers by Vitamin Cottage

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.