Natural Grocers by Vitamin Cottage (NYSE:NGVC) Reaches New 52-Week High at $27.71

Natural Grocers by Vitamin Cottage, Inc. (NYSE:NGVC) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $27.71 and last traded at $27.54, with a volume of 60244 shares traded. The stock had previously closed at $26.31.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Natural Grocers by Vitamin Cottage from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 9th.

Natural Grocers by Vitamin Cottage Price Performance

The stock has a market capitalization of $601.48 million, a PE ratio of 20.94 and a beta of 1.21. The company has a current ratio of 0.96, a quick ratio of 0.18 and a debt-to-equity ratio of 0.36. The business has a fifty day moving average price of $24.41 and a 200-day moving average price of $20.48.

Natural Grocers by Vitamin Cottage (NYSE:NGVC) last issued its quarterly earnings results on Thursday, August 8th. The specialty retailer reported $0.40 EPS for the quarter. The business had revenue of $309.08 million for the quarter. Natural Grocers by Vitamin Cottage had a net margin of 2.54% and a return on equity of 18.89%. Research analysts expect that Natural Grocers by Vitamin Cottage, Inc. will post 1.31 EPS for the current fiscal year.

Natural Grocers by Vitamin Cottage Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 18th. Investors of record on Tuesday, September 3rd will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date is Tuesday, September 3rd. Natural Grocers by Vitamin Cottage’s payout ratio is presently 31.75%.

Institutional Investors Weigh In On Natural Grocers by Vitamin Cottage

Institutional investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp boosted its stake in shares of Natural Grocers by Vitamin Cottage by 0.5% during the second quarter. Bank of New York Mellon Corp now owns 178,328 shares of the specialty retailer’s stock valued at $3,781,000 after purchasing an additional 937 shares during the period. Panagora Asset Management Inc. raised its holdings in Natural Grocers by Vitamin Cottage by 4.2% during the 4th quarter. Panagora Asset Management Inc. now owns 42,084 shares of the specialty retailer’s stock valued at $673,000 after buying an additional 1,677 shares during the last quarter. EntryPoint Capital LLC purchased a new stake in Natural Grocers by Vitamin Cottage during the 1st quarter valued at $36,000. Janney Montgomery Scott LLC grew its holdings in Natural Grocers by Vitamin Cottage by 9.1% in the 1st quarter. Janney Montgomery Scott LLC now owns 34,475 shares of the specialty retailer’s stock worth $622,000 after acquiring an additional 2,868 shares during the last quarter. Finally, Linden Thomas Advisory Services LLC increased its position in shares of Natural Grocers by Vitamin Cottage by 8.0% in the second quarter. Linden Thomas Advisory Services LLC now owns 40,628 shares of the specialty retailer’s stock valued at $861,000 after acquiring an additional 3,018 shares during the period. 31.99% of the stock is currently owned by hedge funds and other institutional investors.

About Natural Grocers by Vitamin Cottage

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; private label repackaged bulk products, including dried fruits, nuts, grains, granolas, teas, herbs, and spices, as well as peanut and almond butters; private label products comprising grocery staples, household products, bulk foods, and vitamins and dietary supplements, as well as organic eggs, organic flavored coffee, and organic mustard; 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.