Empire Company Limited (TSE:EMP.A) Senior Officer Sells C$32,946.00 in Stock

Empire Company Limited (TSE:EMP.A - Get Free Report) Senior Officer Douglas Bigler Nathanson sold 600 shares of the firm's stock in a transaction dated Friday, June 20th. The shares were sold at an average price of C$54.91, for a total value of C$32,946.00.

Douglas Bigler Nathanson also recently made the following trade(s):

• On Friday, June 20th, Douglas Bigler Nathanson sold 400 shares of Empire stock. The stock was sold at an average price of C$54.94, for a total value of C$21,976.00.

Empire Trading Up 0.9%

Shares of EMP.A traded up C$0.50 during trading hours on Tuesday, reaching C$56.27. 390,198 shares of the company traded hands, compared to its average volume of 489,279. The firm has a market cap of C$7.90 billion, a price-to-earnings ratio of 20.54, a PEG ratio of 16.20 and a beta of 0.48. The company has a current ratio of 0.79, a quick ratio of 0.29 and a debt-to-equity ratio of 135.51. Empire Company Limited has a 12-month low of C$33.96 and a 12-month high of C$56.80. The stock's fifty day moving average price is C$51.40 and its 200 day moving average price is C$46.79.

Empire Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Wednesday, April 30th were paid a $0.20 dividend. The ex-dividend date was Tuesday, April 15th. This represents a $0.80 annualized dividend and a yield of 1.42%. Empire's dividend payout ratio (DPR) is currently 29.20%.

Analyst Upgrades and Downgrades

EMP.A has been the topic of a number of research reports. CIBC boosted their target price on shares of Empire from C$55.00 to C$59.00 in a report on Friday. Desjardins lifted their target price on Empire from C$50.00 to C$55.00 and gave the stock a "buy" rating in a report on Tuesday, June 17th. Royal Bank Of Canada lifted their target price on Empire from C$56.00 to C$61.00 and gave the stock a "sector perform" rating in a report on Friday. National Bankshares boosted their price objective on shares of Empire from C$53.00 to C$59.00 and gave the company a "sector perform" rating in a research report on Friday. Finally, TD Securities boosted their price objective on shares of Empire from C$48.00 to C$58.00 and gave the company a "hold" rating in a research report on Friday. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of C$57.43.

Empire Company Profile

Empire Co Ltd key businesses are food retailing, investments, and other operations. The food retailing division operates through Empire's subsidiary Sobeys and represents nearly all of the company's income. This segment owns, affiliates, or franchises more than 1,500 stores in 10 provinces, under retail banners including Sobeys, Safeway, IGA, Foodland, FreshCo, Thrifty Foods, Lawton's Drug Stores, and multiple retail fuel locations.