Natural Grocers by Vitamin Cottage (NYSE:NGVC) Issues FY 2022 Earnings Guidance

Natural Grocers by Vitamin Cottage (NYSE:NGVCGet Rating) updated its FY 2022 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $0.85-$0.96 for the period, compared to the consensus estimate of $0.96. The company issued revenue guidance of -.

Separately, StockNews.com began coverage on shares of Natural Grocers by Vitamin Cottage in a research note on Thursday, March 31st. They set a strong-buy rating on the stock.

NYSE:NGVC traded up $0.37 during mid-day trading on Monday, reaching $17.88. 3,341 shares of the stock were exchanged, compared to its average volume of 97,331. The company has a quick ratio of 0.30, a current ratio of 1.08 and a debt-to-equity ratio of 0.39. The business’s fifty day moving average price is $19.61. Natural Grocers by Vitamin Cottage has a 1-year low of $9.88 and a 1-year high of $24.25. The company has a market cap of $404.87 million, a price-to-earnings ratio of 14.47 and a beta of 1.08.

Natural Grocers by Vitamin Cottage (NYSE:NGVCGet Rating) last posted its quarterly earnings results on Thursday, May 5th. The specialty retailer reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.10. Natural Grocers by Vitamin Cottage had a net margin of 2.55% and a return on equity of 19.23%. During the same period last year, the business earned $0.21 EPS. As a group, research analysts expect that Natural Grocers by Vitamin Cottage will post 0.91 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 15th. Shareholders 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 yield of 2.24%. The ex-dividend date of this dividend is Friday, May 27th. Natural Grocers by Vitamin Cottage’s payout ratio is 33.06%.

In related news, CFO Todd Dissinger sold 13,370 shares of the stock in a transaction dated Tuesday, February 8th. The stock was sold at an average price of $16.43, for a total value of $219,669.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 59.50% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the business. Morgan Stanley boosted its position in Natural Grocers by Vitamin Cottage by 44.2% during the second quarter. Morgan Stanley now owns 43,396 shares of the specialty retailer’s stock valued at $466,000 after purchasing an additional 13,294 shares during the last quarter. Bank of America Corp DE raised its position in Natural Grocers by Vitamin Cottage by 6.2% during the second quarter. Bank of America Corp DE now owns 27,566 shares of the specialty retailer’s stock valued at $296,000 after acquiring an additional 1,611 shares in the last quarter. Millennium Management LLC acquired a new stake in Natural Grocers by Vitamin Cottage in the second quarter valued at approximately $285,000. Invesco Ltd. grew its position in Natural Grocers by Vitamin Cottage by 4.7% in the third quarter. Invesco Ltd. now owns 30,260 shares of the specialty retailer’s stock worth $340,000 after acquiring an additional 1,372 shares in the last quarter. Finally, Citadel Advisors LLC acquired a new position in shares of Natural Grocers by Vitamin Cottage during the 3rd quarter worth $920,000. Institutional investors own 32.03% of the company’s stock.

Natural Grocers by Vitamin Cottage Company Profile (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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