Trade Report: The Natural Grocers by Vitamin Cottage Inc. (NGVC) Now Covered by Citigroup Inc.

The Natural Grocers by Vitamin Cottage Inc. (NGVC) Now Covered by Citigroup Inc.

Stock analysts at Citigroup Inc. started coverage on shares of Natural Grocers by Vitamin Cottage Inc. (NYSE:NGVC) in a note issued to investors on Tuesday. The brokerage set a “buy” rating and a $14.00 price target on the stock. Citigroup Inc.’s price objective would suggest a potential upside of 15.13% from the company’s previous close.

Several other equities analysts have also recently issued reports on the company. Barclays PLC started coverage on Natural Grocers by Vitamin Cottage in a research note on Friday, September 23rd. They set an “equal weight” rating and a $12.00 price objective on the stock. Zacks Investment Research upgraded Natural Grocers by Vitamin Cottage from a “sell” rating to a “hold” rating in a research note on Wednesday, June 22nd. Finally, Jefferies Group set a $15.00 price objective on Natural Grocers by Vitamin Cottage and gave the stock a “buy” rating in a research note on Saturday, October 1st. One analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company. Natural Grocers by Vitamin Cottage currently has an average rating of “Hold” and an average price target of $19.82.

Natural Grocers by Vitamin Cottage (NYSE:NGVC) opened at 12.16 on Tuesday. Natural Grocers by Vitamin Cottage has a 52 week low of $10.63 and a 52 week high of $25.85. The firm has a 50-day moving average of $11.55 and a 200 day moving average of $13.68. The firm has a market capitalization of $273.51 million, a PE ratio of 21.33 and a beta of 0.97.

Natural Grocers by Vitamin Cottage (NYSE:NGVC) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.12 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.12. Natural Grocers by Vitamin Cottage had a net margin of 1.88% and a return on equity of 10.66%. The business earned $179.27 million during the quarter, compared to the consensus estimate of $179.15 million. During the same quarter last year, the company earned $0.19 earnings per share. The business’s quarterly revenue was up 13.0% compared to the same quarter last year. Analysts predict that Natural Grocers by Vitamin Cottage will post $0.52 earnings per share for the current year.

In other Natural Grocers by Vitamin Cottage news, Director Edward Cerkovnik purchased 4,000 shares of the stock in a transaction dated Wednesday, August 3rd. The shares were bought at an average cost of $12.85 per share, with a total value of $51,400.00. Following the completion of the acquisition, the director now owns 9,684 shares of the company’s stock, valued at $124,439.40. The purchase was disclosed in a filing with the SEC, which is available through this link. Insiders own 60.00% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Royce & Associates LP raised its position in Natural Grocers by Vitamin Cottage by 12.5% in the first quarter. Royce & Associates LP now owns 315,000 shares of the company’s stock worth $6,700,000 after buying an additional 35,000 shares during the last quarter. Wellington Management Group LLP raised its position in Natural Grocers by Vitamin Cottage by 1.0% in the first quarter. Wellington Management Group LLP now owns 943,800 shares of the company’s stock worth $20,075,000 after buying an additional 8,954 shares during the last quarter. Metropolitan Life Insurance Co. NY purchased a new position in Natural Grocers by Vitamin Cottage during the first quarter worth about $152,000. Envestnet Asset Management Inc. raised its position in Natural Grocers by Vitamin Cottage by 105.4% in the first quarter. Envestnet Asset Management Inc. now owns 37,695 shares of the company’s stock worth $802,000 after buying an additional 19,345 shares during the last quarter. Finally, Bank of Montreal Can purchased a new position in Natural Grocers by Vitamin Cottage during the second quarter worth about $125,000. 31.30% of the stock is currently owned by institutional investors.

About Natural Grocers by Vitamin Cottage

Related posts

Leave a Comment