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

Empire Company Limited (TSE:EMP.A - Get Free Report) Senior Officer Sandra Sanderson sold 4,526 shares of the 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 value of C$253,456.00.

Empire Stock Down 1.4%

Empire stock traded down C$0.81 during mid-day trading on Wednesday, reaching C$55.46. The stock had a trading volume of 129,300 shares, compared to its average volume of 486,248. Empire Company Limited has a one year low of C$34.14 and a one year high of C$56.80. The company has a 50-day moving average price of C$51.40 and a two-hundred day moving average price of C$46.79. The company has a market capitalization of C$7.79 billion, a price-to-earnings ratio of 20.24, a PEG ratio of 16.20 and a beta of 0.48. The company has a debt-to-equity ratio of 135.51, a current ratio of 0.79 and a quick ratio of 0.29.

Empire Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders 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 1.44%. The ex-dividend date of this dividend was Tuesday, April 15th. Empire's payout ratio is 29.20%.

Wall Street Analyst Weigh In

EMP.A has been the topic of several recent research reports. TD Securities upped their price target on Empire from C$48.00 to C$58.00 and gave the stock a "hold" rating in a research note on Friday, June 20th. Scotiabank upped their target price on shares of Empire from C$49.00 to C$62.00 and gave the stock an "outperform" rating in a research report on Friday, June 20th. CIBC lifted their price target on shares of Empire from C$55.00 to C$59.00 in a research report on Friday, June 20th. National Bankshares boosted their price objective on shares of Empire from C$53.00 to C$59.00 and gave the stock a "sector perform" rating in a research note on Friday, June 20th. Finally, Royal Bank Of Canada raised their target price on shares of Empire from C$56.00 to C$61.00 and gave the company a "sector perform" rating in a research note on Friday, June 20th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently 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.

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