Isely Lark, a member of the 13D group at Natural Grocers (NYSE:NGVC) by Vitamin Cottage, Inc. (NYSE:NGVC), recently sold 4,000 shares of the company's common stock. The transaction, which took place on December 3, 2024, was executed at a weighted average price of $44.66 per share, resulting in a total sale value of $178,640. The sale comes as the stock has surged nearly 182% year-to-date, with InvestingPro data showing the company's market capitalization now stands at $1.02 billion.
The sale was carried out in multiple trades at prices ranging from $43.89 to $45.45, according to the filing. Following this transaction, Lark now directly owns 8,682 shares of Natural Grocers stock. Technical indicators from InvestingPro suggest the stock is currently in overbought territory, trading near its 52-week high of $47.56. Subscribers can access 8 additional ProTips and a comprehensive Pro Research Report for deeper analysis of NGVC's valuation and growth prospects.
In other recent news, Natural Grocers has reported strong financial results for the fourth quarter and the full Fiscal Year 2024, demonstrating continued growth in net sales and earnings per share. The health-focused grocery chain reported a 9.3% increase in net sales for Q4, reaching $322.7 million, and a full-year revenue increase of 8.9% to $1.24 billion. The company's diluted earnings per share also saw a significant rise from $1.02 to $1.47.
Recent developments also include a 7.1% growth in daily average comparable store sales in Q4, and a 14% increase on a two-year basis. Natural Grocers also marked its 21st consecutive year of positive comparable store sales growth. The company's strategic initiatives include expanding its Npower rewards program and increasing the presence of Natural Grocers branded products.
In terms of leadership, CFO Todd Dissinger is set to retire at the end of the year, with Richard Helet taking over the role on January 1st. For the Fiscal Year 2025, the company plans to open 4-6 new stores and relocate or remodel 2-4 stores. The projected diluted earnings per share for Fiscal Year 2025 is between $1.52-$1.60.
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