Natural Grocers by Vitamin Cottage (NYSE:NGVC) Shares Up 4.8% – Here’s What Happened

Natural Grocers by Vitamin Cottage, Inc. (NYSE:NGVC) was up 4.8% during mid-day trading on Tuesday . The stock traded as high as $27.39 and last traded at $27.34. Approximately 28,298 shares were traded during trading, a decline of 61% from the average daily volume of 72,193 shares. The stock had previously closed at $26.08.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Natural Grocers by Vitamin Cottage from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 9th.

Natural Grocers by Vitamin Cottage Trading Up 2.6 %

The company has a quick ratio of 0.18, a current ratio of 0.96 and a debt-to-equity ratio of 0.36. The business’s fifty day moving average is $26.47 and its two-hundred day moving average is $22.61. The firm has a market cap of $632.71 million, a price-to-earnings ratio of 21.65 and a beta of 1.21.

Natural Grocers by Vitamin Cottage (NYSE:NGVC) last released its earnings results on Thursday, August 8th. The specialty retailer reported $0.40 EPS for the quarter. Natural Grocers by Vitamin Cottage had a return on equity of 18.89% and a net margin of 2.54%. The company had revenue of $309.08 million during the quarter. Equities analysts anticipate that Natural Grocers by Vitamin Cottage, Inc. will post 1.31 earnings per share for the current fiscal year.

Natural Grocers by Vitamin Cottage Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Tuesday, September 3rd were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $0.40 dividend on an annualized basis and a yield of 1.44%. Natural Grocers by Vitamin Cottage’s payout ratio is presently 31.75%.

Hedge Funds Weigh In On Natural Grocers by Vitamin Cottage

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in Natural Grocers by Vitamin Cottage by 0.5% in the first quarter. Vanguard Group Inc. now owns 636,658 shares of the specialty retailer’s stock valued at $11,492,000 after purchasing an additional 3,375 shares during the last quarter. American Century Companies Inc. grew its holdings in Natural Grocers by Vitamin Cottage by 28.3% during the second quarter. American Century Companies Inc. now owns 304,382 shares of the specialty retailer’s stock valued at $6,453,000 after purchasing an additional 67,187 shares during the period. Hillsdale Investment Management Inc. increased its stake in Natural Grocers by Vitamin Cottage by 14.7% in the first quarter. Hillsdale Investment Management Inc. now owns 190,318 shares of the specialty retailer’s stock valued at $3,435,000 after purchasing an additional 24,400 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Natural Grocers by Vitamin Cottage by 0.5% during the second quarter. Bank of New York Mellon Corp now owns 178,328 shares of the specialty retailer’s stock worth $3,781,000 after purchasing an additional 937 shares in the last quarter. Finally, Los Angeles Capital Management LLC grew its holdings in shares of Natural Grocers by Vitamin Cottage by 41.7% in the 1st quarter. Los Angeles Capital Management LLC now owns 111,851 shares of the specialty retailer’s stock valued at $2,019,000 after buying an additional 32,890 shares during the period. 31.99% of the stock is owned by institutional investors.

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.