Lord Abbett & CO. LLC Has $19.99 Million Stake in Natural Grocers by Vitamin Cottage, Inc. $NGVC

Key Points

• Lord Abbett & CO. LLC increased its stake in Natural Grocers by Vitamin Cottage by 24.1%, now owning approximately 2.17% of the company, valued at nearly $20 million.
• Natural Grocers recently reported earnings of $0.50 per share, slightly exceeding analysts’ expectations, while revenue was below forecasts at $328.71 million.
• The company has declared a quarterly dividend of $0.12 per share, with an annualized yield of 1.2%, scheduled for payment on September 17th.

Lord Abbett & CO. LLC raised its holdings in shares of Natural Grocers by Vitamin Cottage, Inc. (NYSE:NGVC - Free Report) by 24.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 497,268 shares of the specialty retailer's stock after purchasing an additional 96,678 shares during the quarter. Lord Abbett & CO. LLC owned 2.17% of Natural Grocers by Vitamin Cottage worth $19,990,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. grew its position in shares of Natural Grocers by Vitamin Cottage by 2,029.0% in the 1st quarter. Russell Investments Group Ltd. now owns 16,606 shares of the specialty retailer's stock worth $668,000 after buying an additional 15,826 shares during the last quarter. Nuveen LLC acquired a new stake in Natural Grocers by Vitamin Cottage during the first quarter worth about $1,232,000. Swiss National Bank purchased a new position in Natural Grocers by Vitamin Cottage during the first quarter worth about $716,000. Vanguard Group Inc. lifted its stake in Natural Grocers by Vitamin Cottage by 9.8% in the first quarter. Vanguard Group Inc. now owns 757,084 shares of the specialty retailer's stock worth $30,435,000 after acquiring an additional 67,793 shares during the last quarter. Finally, XTX Topco Ltd lifted its position in shares of Natural Grocers by Vitamin Cottage by 48.8% during the 1st quarter. XTX Topco Ltd now owns 9,288 shares of the specialty retailer's stock worth $373,000 after buying an additional 3,046 shares during the last quarter. Hedge funds and other institutional investors own 31.99% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut shares of Natural Grocers by Vitamin Cottage from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 16th.

Insider Buying and Selling

In other Natural Grocers by Vitamin Cottage news, insider Lark Isely sold 2,000 shares of the firm's stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $44.26, for a total value of $88,520.00. Following the sale, the insider directly owned 6,682 shares in the company, valued at approximately $295,745.32. This trade represents a 23.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 58.80% of the stock is currently owned by corporate insiders.

Natural Grocers by Vitamin Cottage Trading Down 2.2%

Shares of NYSE NGVC traded down $0.89 on Thursday, reaching $39.65. 69,961 shares of the company traded hands, compared to its average volume of 202,384. Natural Grocers by Vitamin Cottage, Inc. has a fifty-two week low of $24.42 and a fifty-two week high of $61.22. The company has a 50 day moving average of $39.45 and a 200 day moving average of $43.33. The company has a current ratio of 1.02, a quick ratio of 0.21 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $909.97 million, a PE ratio of 21.15 and a beta of 1.44.

Natural Grocers by Vitamin Cottage (NYSE:NGVC - Get Free Report) last posted its earnings results on Thursday, August 7th. The specialty retailer reported $0.50 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.49 by $0.01. The firm had revenue of $328.71 million during the quarter, compared to the consensus estimate of $335.01 million. Natural Grocers by Vitamin Cottage had a net margin of 3.31% and a return on equity of 23.47%. Natural Grocers by Vitamin Cottage has set its FY 2025 guidance at 1.900-1.950 EPS. On average, equities research analysts forecast that Natural Grocers by Vitamin Cottage, Inc. will post 1.61 earnings per share for the current fiscal year.

Natural Grocers by Vitamin Cottage Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 17th. Shareholders of record on Tuesday, September 2nd will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Tuesday, September 2nd. Natural Grocers by Vitamin Cottage's payout ratio is currently 25.53%.

Natural Grocers by Vitamin Cottage Company Profile

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.