Empire Company Limited (TSE:EMP.A) Senior Officer Sandra Sanderson Sells 4,526 Shares

Empire Company Limited (TSE:EMP.A - Get Free Report) Senior Officer Sandra Sanderson sold 4,526 shares of the business's stock in a transaction that occurred on Monday, June 23rd. The stock was sold at an average price of C$56.00, for a total transaction of C$253,456.00.

Empire Stock Performance

Shares of Empire stock traded up C$0.43 on Friday, reaching C$56.13. 415,926 shares of the stock were exchanged, compared to its average volume of 485,744. The company has a quick ratio of 0.29, a current ratio of 0.79 and a debt-to-equity ratio of 135.51. Empire Company Limited has a twelve month low of C$34.43 and a twelve month 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 business has a 50 day moving average price of C$51.81 and a two-hundred day moving average price of C$47.02.

Empire Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Wednesday, April 30th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date of this dividend was Tuesday, April 15th. Empire's dividend payout ratio (DPR) is 29.20%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on EMP.A. Desjardins boosted their target price on Empire from C$50.00 to C$55.00 and gave the stock a "buy" rating in a research note on Tuesday, June 17th. Scotiabank boosted their price target on Empire from C$49.00 to C$62.00 and gave the stock an "outperform" rating in a research note on Friday, June 20th. TD Securities increased 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, June 20th. Royal Bank Of Canada boosted their target price on shares of 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, National Bankshares raised their price target on shares of Empire from C$53.00 to C$59.00 and gave the stock a "sector perform" rating in a report on Friday, June 20th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price 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.