Loblaw Companies Limited (TSE:L) Senior Officer Sells C$1,476,488.46 in Stock

Loblaw Companies Limited (TSE:L - Get Free Report) Senior Officer Nicholas Henn sold 9,425 shares of the business's stock in a transaction on Friday, May 17th. The stock was sold at an average price of C$156.66, for a total transaction of C$1,476,488.46.

Loblaw Companies Trading Up 0.3 %

TSE L traded up C$0.41 during trading hours on Friday, reaching C$157.48. The company's stock had a trading volume of 252,938 shares, compared to its average volume of 360,480. The firm has a fifty day simple moving average of C$151.35 and a 200-day simple moving average of C$136.74. The stock has a market cap of C$48.41 billion, a P/E ratio of 23.50, a P/E/G ratio of 2.53 and a beta of 0.12. Loblaw Companies Limited has a 52 week low of C$110.52 and a 52 week high of C$157.93. The company has a debt-to-equity ratio of 156.41, a current ratio of 1.25 and a quick ratio of 0.68.

Loblaw Companies (TSE:L - Get Free Report) last issued its quarterly earnings data on Thursday, February 22nd. The company reported C$2.00 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of C$1.92 by C$0.08. The business had revenue of C$14.53 billion during the quarter, compared to analyst estimates of C$14.58 billion. Loblaw Companies had a net margin of 3.53% and a return on equity of 18.96%. Equities analysts forecast that Loblaw Companies Limited will post 8.5138274 earnings per share for the current fiscal year.

Loblaw Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Saturday, June 15th will be given a dividend of $0.513 per share. This is an increase from Loblaw Companies's previous quarterly dividend of $0.45. The ex-dividend date is Friday, June 14th. This represents a $2.05 annualized dividend and a dividend yield of 1.30%. Loblaw Companies's dividend payout ratio (DPR) is 30.60%.

Wall Street Analyst Weigh In

L has been the topic of several analyst reports. CIBC upped their price target on shares of Loblaw Companies from C$159.00 to C$171.00 and gave the stock an "outperform" rating in a research report on Thursday, May 2nd. Royal Bank of Canada upped their price target on shares of Loblaw Companies from C$170.00 to C$172.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 24th. Desjardins upped their price target on shares of Loblaw Companies from C$148.00 to C$157.00 and gave the stock a "hold" rating in a research report on Monday, April 29th. Scotiabank upped their price objective on shares of Loblaw Companies from C$148.27 to C$161.00 and gave the company a "sector perform" rating in a report on Thursday, May 2nd. Finally, TD Securities upped their price target on shares of Loblaw Companies from C$168.00 to C$172.00 and gave the company a "buy" rating in a research note on Friday, May 3rd. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, Loblaw Companies has an average rating of "Moderate Buy" and a consensus target price of C$162.43.

About Loblaw Companies

Loblaw Companies Limited, a food and pharmacy company, provides grocery, pharmacy and healthcare services, health and beauty products, apparels, general merchandise, financial services, and wireless mobile products and services in Canada. It operates in two segments, Retail and Financial Services. The Retail segment operates corporate and franchise-owned retail food, and associate-owned drug stores.

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