Natural Grocers by Vitamin Cottage (NYSE:NGVC) Releases Quarterly Earnings Results, Beats Expectations By $0.10 EPS

Natural Grocers by Vitamin Cottage (NYSE:NGVCGet Rating) announced its quarterly earnings results on Thursday. The specialty retailer reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.10, MarketWatch Earnings reports. Natural Grocers by Vitamin Cottage had a return on equity of 18.39% and a net margin of 2.42%. During the same period last year, the company earned $0.21 EPS.

Shares of NYSE:NGVC traded down $1.27 during midday trading on Friday, hitting $17.51. 216,022 shares of the company’s stock were exchanged, compared to its average volume of 83,279. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.08 and a quick ratio of 0.30. The stock has a 50 day moving average price of $19.61 and a 200-day moving average price of $16.12. The company has a market cap of $396.43 million, a PE ratio of 14.47 and a beta of 1.08. Natural Grocers by Vitamin Cottage has a 12 month low of $9.88 and a 12 month high of $24.25.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 15th. Stockholders of record on Tuesday, May 31st will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.28%. The ex-dividend date of this dividend is Friday, May 27th. Natural Grocers by Vitamin Cottage’s payout ratio is presently 33.06%.

In other news, CFO Todd Dissinger sold 13,370 shares of the business’s stock in a transaction dated Tuesday, February 8th. The shares were sold at an average price of $16.43, for a total transaction of $219,669.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 59.50% of the company’s stock.

Large investors have recently modified their holdings of the business. BlackRock Inc. grew its holdings in shares of Natural Grocers by Vitamin Cottage by 9.0% in the fourth quarter. BlackRock Inc. now owns 677,555 shares of the specialty retailer’s stock valued at $9,654,000 after acquiring an additional 55,736 shares in the last quarter. Bank of New York Mellon Corp raised its position in Natural Grocers by Vitamin Cottage by 7.5% in the third quarter. Bank of New York Mellon Corp now owns 167,387 shares of the specialty retailer’s stock worth $1,877,000 after acquiring an additional 11,715 shares during the period. Morgan Stanley raised its position in Natural Grocers by Vitamin Cottage by 112.7% in the third quarter. Morgan Stanley now owns 92,297 shares of the specialty retailer’s stock worth $1,036,000 after acquiring an additional 48,901 shares during the period. Millennium Management LLC raised its position in Natural Grocers by Vitamin Cottage by 14.6% in the fourth quarter. Millennium Management LLC now owns 83,937 shares of the specialty retailer’s stock worth $1,196,000 after acquiring an additional 10,694 shares during the period. Finally, Citadel Advisors LLC bought a new stake in Natural Grocers by Vitamin Cottage in the third quarter worth about $920,000. Institutional investors and hedge funds own 32.03% of the company’s stock.

Separately, StockNews.com initiated coverage on Natural Grocers by Vitamin Cottage in a report on Thursday, March 31st. They issued a “strong-buy” rating on the stock.

About Natural Grocers by Vitamin Cottage (Get Rating)

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; bulk food products; private label products comprising pasta, pasta sauce, ketchup, canned beans and vegetables, frozen vegetables, frozen fruits, frozen meals, frozen pizza, bread, baking mixes, plant based butter, olive and coconut oil, coconut milk, honey, maple syrup, preserves, chocolate, coffee, bacon, beef jerky, canned seafood, popcorn, tortilla chips, taco shells, eggs, cheese, apple sauce, apple cider vinegar, spring water, paper products, cleaning products, and other products; 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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Earnings History for Natural Grocers by Vitamin Cottage (NYSE:NGVC)

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