Wall Street analysts expect that Natural Grocers by Vitamin Cottage, Inc. (NYSE:NGVC) will post sales of $194.30 million for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Natural Grocers by Vitamin Cottage’s earnings, with the highest sales estimate coming in at $196.50 million and the lowest estimate coming in at $192.70 million. Natural Grocers by Vitamin Cottage posted sales of $181.04 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 7.3%. The company is expected to issue its next earnings report on Thursday, November 16th.

According to Zacks, analysts expect that Natural Grocers by Vitamin Cottage will report full-year sales of $194.30 million for the current fiscal year, with estimates ranging from $763.19 million to $767.00 million. For the next year, analysts anticipate that the business will post sales of $803.89 million per share, with estimates ranging from $796.10 million to $814.20 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that follow Natural Grocers by Vitamin Cottage.

Natural Grocers by Vitamin Cottage (NYSE:NGVC) last announced its earnings results on Thursday, August 3rd. The specialty retailer reported $0.03 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.08). Natural Grocers by Vitamin Cottage had a net margin of 0.95% and a return on equity of 5.50%. The business had revenue of $194.70 million for the quarter, compared to the consensus estimate of $196.26 million. During the same period in the prior year, the business posted $0.12 EPS. Natural Grocers by Vitamin Cottage’s revenue for the quarter was up 8.6% on a year-over-year basis.

A number of analysts recently weighed in on the stock. Citigroup Inc. lowered their price objective on shares of Natural Grocers by Vitamin Cottage from $10.50 to $7.50 and set a “buy” rating for the company in a research note on Monday, August 14th. Jefferies Group LLC restated a “hold” rating and issued a $8.00 price target (down previously from $10.00) on shares of Natural Grocers by Vitamin Cottage in a report on Friday, June 23rd. Zacks Investment Research cut shares of Natural Grocers by Vitamin Cottage from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. Royal Bank Of Canada set a $14.00 price target on shares of Natural Grocers by Vitamin Cottage and gave the stock a “hold” rating in a research report on Tuesday, August 1st. Finally, Wolfe Research upgraded shares of Natural Grocers by Vitamin Cottage from an “underperform” rating to a “market perform” rating in a research note on Monday, August 7th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. Natural Grocers by Vitamin Cottage has an average rating of “Hold” and a consensus price target of $9.92.

Shares of Natural Grocers by Vitamin Cottage (NYSE NGVC) traded up 1.05% during mid-day trading on Wednesday, hitting $5.76. The stock had a trading volume of 15,747 shares. Natural Grocers by Vitamin Cottage has a 52-week low of $5.41 and a 52-week high of $13.79. The company’s 50 day moving average is $5.76 and its 200-day moving average is $8.38. The stock has a market cap of $129.22 million, a P/E ratio of 18.17 and a beta of 0.92.

In other news, insider Kemper Isely bought 5,400 shares of the stock in a transaction on Tuesday, August 8th. The stock was bought at an average cost of $6.19 per share, for a total transaction of $33,426.00. Following the completion of the purchase, the insider now directly owns 3,118,302 shares in the company, valued at $19,302,289.38. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Sandra Buffa sold 100,000 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $5.53, for a total transaction of $553,000.00. Following the completion of the sale, the chief financial officer now owns 135,091 shares of the company’s stock, valued at $747,053.23. The disclosure for this sale can be found here. In the last ninety days, insiders bought 14,393 shares of company stock worth $89,721. Insiders own 60.00% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. increased its position in shares of Natural Grocers by Vitamin Cottage by 171.0% during the first quarter. PNC Financial Services Group Inc. now owns 10,840 shares of the specialty retailer’s stock worth $114,000 after purchasing an additional 6,840 shares in the last quarter. Tudor Investment Corp ET AL purchased a new stake in shares of Natural Grocers by Vitamin Cottage during the 2nd quarter valued at $108,000. Wells Fargo & Company MN lifted its holdings in shares of Natural Grocers by Vitamin Cottage by 102.5% during the 1st quarter. Wells Fargo & Company MN now owns 13,086 shares of the specialty retailer’s stock valued at $136,000 after purchasing an additional 6,623 shares during the last quarter. Bank of Montreal Can lifted its holdings in shares of Natural Grocers by Vitamin Cottage by 12.2% during the 1st quarter. Bank of Montreal Can now owns 14,720 shares of the specialty retailer’s stock valued at $153,000 after purchasing an additional 1,604 shares during the last quarter. Finally, New York State Common Retirement Fund lifted its holdings in shares of Natural Grocers by Vitamin Cottage by 17.7% during the 2nd quarter. New York State Common Retirement Fund now owns 15,284 shares of the specialty retailer’s stock valued at $126,000 after purchasing an additional 2,293 shares during the last quarter. 32.30% of the stock is currently owned by institutional investors and hedge funds.

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About Natural Grocers by Vitamin Cottage

Natural Grocers By Vitamin Cottage Inc (Natural Grocers) is a specialty retailer of natural and organic groceries and dietary supplements. The Company sells natural and organic groceries and dietary supplements. The Company’s grocery products include: bulk food and private label products, dry, frozen and canned groceries, meats and seafood, dairy products and dairy substitutes, prepared foods, bread and baked goods, and beverages.

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