Brokerages Anticipate Natural Grocers by Vitamin Cottage Inc (NGVC) Will Post Quarterly Sales of $195.86 Million

Wall Street analysts expect Natural Grocers by Vitamin Cottage Inc (NYSE:NGVC) to report sales of $195.86 million for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Natural Grocers by Vitamin Cottage’s earnings. The highest sales estimate is $195.94 million and the lowest is $195.70 million. Natural Grocers by Vitamin Cottage posted sales of $183.58 million during the same quarter last year, which would indicate a positive year over year growth rate of 6.7%. The firm is expected to announce its next earnings report on Thursday, February 1st.

According to Zacks, analysts expect that Natural Grocers by Vitamin Cottage will report full year sales of $195.86 million for the current year, with estimates ranging from $806.90 million to $811.06 million. For the next financial year, analysts forecast that the business will report sales of $850.04 million per share, with estimates ranging from $845.70 million to $852.75 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that cover Natural Grocers by Vitamin Cottage.

Natural Grocers by Vitamin Cottage (NYSE:NGVC) last released its quarterly earnings data on Thursday, November 16th. The specialty retailer reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. Natural Grocers by Vitamin Cottage had a net margin of 0.90% and a return on equity of 5.25%. The company had revenue of $198.50 million during the quarter, compared to analysts’ expectations of $193.76 million. During the same quarter in the previous year, the company earned $0.07 earnings per share. The firm’s revenue for the quarter was up 9.7% on a year-over-year basis.

A number of research firms have recently commented on NGVC. Royal Bank of Canada reissued a “hold” rating and set a $11.00 target price on shares of Natural Grocers by Vitamin Cottage in a research note on Monday, November 20th. Zacks Investment Research raised shares of Natural Grocers by Vitamin Cottage from a “sell” rating to a “hold” rating in a research note on Thursday, October 5th. TheStreet raised shares of Natural Grocers by Vitamin Cottage from a “d+” rating to a “c” rating in a research note on Friday, December 1st. Finally, Deutsche Bank dropped their price objective on shares of Natural Grocers by Vitamin Cottage from $8.00 to $6.00 and set a “hold” rating for the company in a research note on Friday, November 17th. Six investment analysts have rated the stock with 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 an average price target of $8.70.

Hedge funds have recently modified their holdings of the company. Nationwide Fund Advisors lifted its holdings in shares of Natural Grocers by Vitamin Cottage by 144.4% in the 3rd quarter. Nationwide Fund Advisors now owns 17,941 shares of the specialty retailer’s stock worth $100,000 after acquiring an additional 10,600 shares during the last quarter. Tudor Investment Corp ET AL acquired a new position in shares of Natural Grocers by Vitamin Cottage in the 2nd quarter worth approximately $108,000. Trexquant Investment LP acquired a new position in shares of Natural Grocers by Vitamin Cottage in the 3rd quarter worth approximately $125,000. New York State Common Retirement Fund lifted its holdings in shares of Natural Grocers by Vitamin Cottage by 17.7% in the 2nd quarter. New York State Common Retirement Fund now owns 15,284 shares of the specialty retailer’s stock worth $126,000 after acquiring an additional 2,293 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Natural Grocers by Vitamin Cottage in the 3rd quarter worth approximately $187,000. Hedge funds and other institutional investors own 25.83% of the company’s stock.

Shares of Natural Grocers by Vitamin Cottage (NYSE:NGVC) opened at $8.87 on Thursday. The company has a market cap of $199.12, a PE ratio of 28.61, a PEG ratio of 5.38 and a beta of 1.08. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.20 and a current ratio of 1.51. Natural Grocers by Vitamin Cottage has a one year low of $4.79 and a one year high of $13.79.

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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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