Loblaw Companies (TSE:L) Hits New 12-Month Low - Should You Sell?

Key Points

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Loblaw Companies Limited (TSE:L - Get Free Report)'s share price reached a new 52-week low on Tuesday . The company traded as low as C$57.71 and last traded at C$57.92, with a volume of 46600 shares traded. The stock had previously closed at C$230.79.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on L shares. Desjardins increased their price objective on Loblaw Companies from C$230.00 to C$235.00 and gave the stock a "hold" rating in a research report on Friday, July 25th. Royal Bank Of Canada increased their price objective on Loblaw Companies from C$234.00 to C$267.00 in a research report on Monday, July 21st. National Bankshares cut their target price on Loblaw Companies from C$242.00 to C$60.00 in a research note on Wednesday. UBS Group increased their target price on Loblaw Companies from C$210.00 to C$253.00 in a research note on Thursday, May 1st. Finally, CIBC increased their target price on Loblaw Companies from C$208.00 to C$234.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. Six equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Loblaw Companies has an average rating of "Moderate Buy" and an average target price of C$199.25.

Loblaw Companies Stock Down 3.2%

The stock has a market cap of C$17.20 billion, a price-to-earnings ratio of 7.72, a PEG ratio of 3.23 and a beta of 0.17. The company has a quick ratio of 0.68, a current ratio of 1.29 and a debt-to-equity ratio of 166.11. The stock has a fifty day moving average of C$210.75 and a two-hundred day moving average of C$206.84.

Loblaw Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Monday, September 15th will be paid a dividend of $0.5643 per share. This represents a $2.26 dividend on an annualized basis and a dividend yield of 4.0%. Loblaw Companies's dividend payout ratio is presently 27.83%.

Insider Transactions at Loblaw Companies

In other Loblaw Companies news, Senior Officer Jeffrey Francis Leger sold 3,400 shares of the business's stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of C$230.50, for a total transaction of C$783,700.00. Also, Senior Officer Nicholas Henn sold 4,000 shares of the business's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of C$227.00, for a total value of C$908,000.00. Insiders own 53.77% of the company's stock.

Loblaw Companies Company Profile

Loblaw is one of Canada's largest grocery, pharmacy, and general merchandise retailers, operating the most expansive store footprint in Ontario and maintaining sizable presences in provinces like Quebec and British Columbia. Key grocery banners include Loblaw, No Frills, and Maxi, while its pharmaceutical operations are the product of its 2014 acquisition of Shoppers Drug Mart.