Empire Company Limited (TSE:EMP.A) Senior Officer Sells C$489,477.60 in Stock

Empire Company Limited (TSE:EMP.A - Get Free Report) Senior Officer Pierre St-Laurent sold 8,772 shares of the stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of C$55.80, for a total value of C$489,477.60.

Empire Price Performance

Shares of TSE EMP.A traded up C$0.43 during mid-day trading on Friday, reaching C$56.13. The company had a trading volume of 415,926 shares, 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 one year low of C$34.43 and a one year high of C$56.80. The firm has a market cap 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 business's 50-day simple moving average is C$51.81 and its 200 day simple moving average is C$47.02.

Empire Dividend Announcement

The business also recently declared 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 payout ratio is currently 29.20%.

Wall Street Analysts Forecast Growth

EMP.A has been the topic of several recent research reports. Scotiabank increased their price objective on Empire from C$49.00 to C$62.00 and gave the stock an "outperform" rating in a research report on Friday, June 20th. National Bankshares increased their price objective on Empire from C$53.00 to C$59.00 and gave the stock a "sector perform" rating in a research report on Friday, June 20th. TD Securities increased their price objective on Empire from C$48.00 to C$58.00 and gave the stock a "hold" rating in a research report on Friday, June 20th. Royal Bank Of Canada increased their price objective on Empire from C$56.00 to C$61.00 and gave the stock a "sector perform" rating in a research report on Friday, June 20th. Finally, CIBC increased their price objective on Empire from C$55.00 to C$59.00 in a research 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. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of C$57.43.

About Empire

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.