Michael Bennett Medline Sells 44,508 Shares of Empire Company Limited (TSE:EMP.A) Stock

Empire Company Limited (TSE:EMP.A - Get Free Report) Director Michael Bennett Medline sold 44,508 shares of the business's stock in a transaction on Friday, June 20th. The stock was sold at an average price of C$55.19, for a total transaction of C$2,456,396.52.

Michael Bennett Medline also recently made the following trade(s):

• On Tuesday, June 24th, Michael Bennett Medline sold 45,474 shares of Empire stock. The shares were sold at an average price of C$55.89, for a total transaction of C$2,541,541.86.

Empire Trading Up 0.8%

Empire stock traded up C$0.43 during trading hours on Friday, reaching C$56.13. 415,926 shares of the company's stock traded hands, compared to its average volume of 485,744. The company has a debt-to-equity ratio of 135.51, a quick ratio of 0.29 and a current ratio of 0.79. Empire Company Limited has a fifty-two week low of C$34.43 and a fifty-two week high of C$56.80. The firm has a market capitalization of C$7.88 billion, a price-to-earnings ratio of 20.49, a PEG ratio of 16.20 and a beta of 0.48. The firm's 50 day moving average is C$51.81 and its 200-day moving average is C$47.02.

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 given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date was Tuesday, April 15th. Empire's dividend payout ratio is currently 29.20%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on EMP.A. CIBC boosted their price target on shares of Empire from C$55.00 to C$59.00 in a report on Friday, June 20th. Desjardins boosted their price target on shares of Empire from C$50.00 to C$55.00 and gave the company a "buy" rating in a report on Tuesday, June 17th. National Bankshares boosted their price target on shares of Empire from C$53.00 to C$59.00 and gave the company a "sector perform" rating in a report on Friday, June 20th. Royal Bank Of Canada boosted their price target on shares of Empire from C$56.00 to C$61.00 and gave the company a "sector perform" rating in a report on Friday, June 20th. Finally, Scotiabank boosted their price target on shares of Empire from C$49.00 to C$62.00 and gave the company an "outperform" rating in a report on Friday, June 20th. Four 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, the company has an average 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.