Valley Brook Capital Group Invests $40,000 in GrowGeneration Corp. (NASDAQ:GRWG)

Valley Brook Capital Group bought a new position in shares of GrowGeneration Corp. (NASDAQ:GRWG) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,000 shares of the company’s stock, valued at approximately $40,000.

Several other institutional investors and hedge funds have also made changes to their positions in GRWG. Wells Fargo & Company MN increased its holdings in shares of GrowGeneration by 299.1% during the third quarter. Wells Fargo & Company MN now owns 205,196 shares of the company’s stock worth $3,279,000 after purchasing an additional 153,775 shares during the period. BlackRock Inc. increased its holdings in shares of GrowGeneration by 24.0% during the third quarter. BlackRock Inc. now owns 2,414,888 shares of the company’s stock worth $38,589,000 after purchasing an additional 468,034 shares during the period. The Manufacturers Life Insurance Company increased its holdings in shares of GrowGeneration by 9.8% during the third quarter. The Manufacturers Life Insurance Company now owns 19,274 shares of the company’s stock worth $308,000 after purchasing an additional 1,721 shares during the period. State Street Corp increased its holdings in shares of GrowGeneration by 83.0% during the third quarter. State Street Corp now owns 542,453 shares of the company’s stock worth $8,668,000 after purchasing an additional 246,038 shares during the period. Finally, US Bancorp DE bought a new position in shares of GrowGeneration during the third quarter worth approximately $32,000. 51.31% of the stock is currently owned by institutional investors.

Several brokerages have recently commented on GRWG. Lake Street Capital raised their target price on shares of GrowGeneration from $60.00 to $77.00 and gave the stock a “buy” rating in a report on Wednesday, February 17th. Craig Hallum increased their price target on shares of GrowGeneration from $35.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday, January 12th. Zacks Investment Research lowered shares of GrowGeneration from a “buy” rating to a “hold” rating in a research report on Friday, February 5th. Stifel Nicolaus increased their price target on shares of GrowGeneration from $40.00 to $58.00 in a research report on Wednesday, January 13th. Finally, LADENBURG THALM/SH SH lowered shares of GrowGeneration from a “buy” rating to a “neutral” rating in a research report on Tuesday, January 12th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $51.13.

Shares of GrowGeneration stock opened at $49.00 on Thursday. GrowGeneration Corp. has a fifty-two week low of $3.26 and a fifty-two week high of $67.75. The firm has a market capitalization of $2.86 billion, a P/E ratio of 980.20 and a beta of 3.09. The company’s 50 day moving average price is $49.18 and its two-hundred day moving average price is $37.41.

GrowGeneration (NASDAQ:GRWG) last issued its earnings results on Wednesday, March 24th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.03). GrowGeneration had a net margin of 2.14% and a return on equity of 4.68%. Research analysts expect that GrowGeneration Corp. will post 0.15 earnings per share for the current year.

GrowGeneration Profile

GrowGeneration Corp., through its subsidiaries, owns and operates retail hydroponic and organic gardening stores in the United States. It engages in the marketing and distribution of horticultural, organics, and lighting and hydroponics products, including lighting fixtures, nutrients, seeds and growing media, systems, trays, fans, filters, humidifiers and dehumidifiers, timers, instruments, water pumps, irrigation supplies, and hand tools.

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Institutional Ownership by Quarter for GrowGeneration (NASDAQ:GRWG)

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