Should I buy or sell Loblaw Companies stock right now?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Loblaw Companies in the last year. There are currently 1 hold rating and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" L shares. View L analyst ratings or view top-rated stocks .

What is Loblaw Companies' stock price target for 2024?

6 equities research analysts have issued 1 year target prices for Loblaw Companies' stock. Their L share price targets range from C$145.00 to C$172.00. On average, they anticipate the company's share price to reach C$153.71 in the next year. This suggests a possible upside of 3.0% from the stock's current price. View analysts price targets for L or view top-rated stocks among Wall Street analysts .

How have L shares performed in 2024?

Loblaw Companies' stock was trading at C$128.28 on January 1st, 2024. Since then, L shares have increased by 16.3% and is now trading at C$149.23. View the best growth stocks for 2024 here .

When is Loblaw Companies' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024. View our L earnings forecast .

How were Loblaw Companies' earnings last quarter?

Loblaw Companies Limited (TSE:L) released its quarterly earnings results on Thursday, February, 22nd. The company reported $2.00 EPS for the quarter, beating the consensus estimate of $1.92 by $0.08. The company had revenue of $14.53 billion for the quarter, compared to analysts' expectations of $14.58 billion. Loblaw Companies had a trailing twelve-month return on equity of 18.96% and a net margin of 3.53%.

How often does Loblaw Companies pay dividends? What is the dividend yield for Loblaw Companies?

Loblaw Companies announced a quarterly dividend on Thursday, March 14th. Investors of record on Monday, April 1st will be paid a dividend of 0.446 per share on Monday, April 1st. This represents a $1.78 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date of this dividend is Thursday, March 14th. Read our dividend analysis for L .

Is Loblaw Companies a good dividend stock?

Loblaw Companies (TSE:L) pays an annual dividend of C$1.78 per share and currently has a dividend yield of 1.22%. The dividend payout ratio is 27.30%. This payout ratio is at a healthy, sustainable level, below 75%. Read our dividend analysis for L .

What other stocks do shareholders of Loblaw Companies own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Loblaw Companies investors own include George Weston (WN) , Enbridge (ENB) , Toronto-Dominion Bank (TD) , Suncor Energy (SU) , Bank of Nova Scotia (BNS) , Royal Bank of Canada (RY) , BCE (BCE) , Bank of Montreal (BMO) , Dollarama (DOL) and Manulife Financial (MFC) .

How do I buy shares of Loblaw Companies?

Shares of L stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor , Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers. Compare Top Brokerages Here .

TSE:L

Loblaw Companies (L) Stock Price, News & Analysis

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Free L Stock Alerts

C$149.23

+2.64 (+1.80%)

(As of 04/15/2024 ET)

Compare

Today's Range: C$147.09
▼
C$150.43
50-Day Range: C$133.17
▼
C$153.66
52-Week Range: C$110.52
▼
C$154.70

Volume: 355,687 shs
Average Volume: 377,764 shs
Market Capitalization: C$46.15 billion

P/E Ratio: 22.89
Dividend Yield: 1.19%
Price Target: C$153.71

Stock Analysis Analyst Forecasts Chart Competitors Dividend Earnings Headlines Insider Trades

Get Loblaw Companies alerts:

Loblaw Companies MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.83 Rating Score
Upside/Downside: 3.0% Upside
C$153.71 Price Target
Short Interest: N/A
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: -0.22
Based on 3 Articles This Week
Insider Trading: Selling Shares
C$10.55 M Sold Last Quarter
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.48 out of 5 stars

2.4

Analyst's Opinion

Consensus Rating
Loblaw Companies has received a consensus rating of Moderate Buy. The company's average rating score is 2.83, and is based on 5 buy ratings, 1 hold rating, and no sell ratings.
Amount of Analyst Coverage
Loblaw Companies has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

N/A

Short Interest

Short Interest
There is no current short interest data available for L.

1.7

Dividend Strength

Dividend Yield
Loblaw Companies pays a meaningful dividend of 1.22%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Loblaw Companies does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Loblaw Companies is 27.30%. This payout ratio is at a healthy, sustainable level, below 75%.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for L.

1.0

News and Social Media Coverage

News Sentiment
Loblaw Companies has a news sentiment score of -0.22. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.31 average news sentiment score of Consumer Defensive companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Loblaw Companies this week, compared to 2 articles on an average week.
Search Interest
Only 10 people have searched for L on MarketBeat in the last 30 days. This is a decrease of -23% compared to the previous 30 days.
MarketBeat Follows
Only 3 people have added Loblaw Companies to their MarketBeat watchlist in the last 30 days. This is a decrease of -67% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Loblaw Companies insiders have sold more of their company's stock than they have bought. Specifically, they have bought C$0.00 in company stock and sold C$10,547,163.00 in company stock.
Percentage Held by Insiders
52.69% of the stock of Loblaw Companies is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
Only 21.58% of the stock of Loblaw Companies is held by institutions.

1.3

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Loblaw Companies is 22.89, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 142.33.
Price to Earnings Ratio vs. Sector
The P/E ratio of Loblaw Companies is 22.89, which means that it is trading at a less expensive P/E ratio than the Consumer Defensive sector average P/E ratio of about 242.55.
Price to Earnings Growth Ratio
Loblaw Companies has a PEG Ratio of 2.53. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Loblaw Companies has a P/B Ratio of 4.11. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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About Loblaw Companies Stock (TSE:L)

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. This segment also includes in-store pharmacies, health care services, other health and beauty product stores, apparel stores, and other general merchandise stores. The Financial Services segment provides credit card and banking services, the PC Optimum loyalty program, insurance brokerage services, and telecommunication services. The company offers PC Health app. It provides its products and services under various brands. The company was founded in 1919 and is headquartered in Brampton, Canada. Loblaw Companies Limited is a subsidiary of George Weston Limited.

L Stock Price History

30 days | 90 days | 365 days | Advanced Chart

L Stock News Headlines

March 23, 2024 | insidertrades.com

Insider Selling: Loblaw Companies Limited (TSE:L) Senior Officer Sells 10,000 Shares of Stock

March 17, 2024 | insidertrades.com

Loblaw Companies Limited (TSE:L) Senior Officer Kieran Barry Columb Sells 6,955 Shares

April 16, 2024 | InvestorPlace (Ad)

“Forget Tesla, this is Elon’s Next Big Thing”

According to Forbes, this breakthrough could define the future of AI. Most people don’t know about it… Because it was found 750 miles away from Silicon Valley.

April 11, 2024 | morningstar.com

Loblaw Companies Ltd Pref Share

April 7, 2024 | americanbankingnews.com

Loblaw Companies Limited (TSE:L) Given Consensus Recommendation of "Moderate Buy" by Brokerages

April 6, 2024 | msn.com

2 FIRE Stocks Every Canadian Should Own

April 6, 2024 | msn.com

Fed up with high prices, people want to boycott Loblaws. But will it accomplish anything?

April 1, 2024 | theglobeandmail.com

Loblaw Cos: Top 25 Undervalued S&P/TSX Composite Index Stocks (L)

April 16, 2024 | InvestorPlace (Ad)

“Forget Tesla, this is Elon’s Next Big Thing”

According to Forbes, this breakthrough could define the future of AI. Most people don’t know about it… Because it was found 750 miles away from Silicon Valley.

March 22, 2024 | msn.com

A mass boycott is planned for Loblaw-owned stores and here's how you can participate

March 22, 2024 | finance.yahoo.com

Loblaw Companies Limited Enters into Automatic Share Purchase Plan

March 20, 2024 | yahoo.com

Canada grocery prices: Canadian Shoppers guffaw at 'unbelievable' $40 tub of feta at Loblaws store in Ottawa

March 20, 2024 | msn.com

Metro Stock or Loblaw Stock: Which Is the Better Buy?

March 18, 2024 | yahoo.com

Chocolate is getting more expensive, with no signs of slowing, due to of cacao shortage

March 15, 2024 | msn.com

Loblaws is now checking receipts when you leave some stores because of 'organized crime'

March 14, 2024 | msn.com

Michigan school shooter's father convicted of manslaughter

March 13, 2024 | msn.com

NYT: Insurance premiums skyrocket as technology in cars tattles on drivers

March 13, 2024 | barrons.com

Loblaw Cos. Ltd.

March 4, 2024 | finance.yahoo.com

LOBLAW COMPANIES LIMITED COMPLETES ISSUANCE OF $400 MILLION OF SENIOR UNSECURED NOTES

February 27, 2024 | finance.yahoo.com

Loblaw Companies Full Year 2023 Earnings: EPS Misses Expectations

February 23, 2024 | msn.com

Loblaw sees profit increase as customers turn to discount brands amid inflation

February 23, 2024 | financialpost.com

Loblaw profit and sales rise

February 23, 2024 | markets.businessinsider.com

Analysts Have Conflicting Sentiments on These Consumer Goods Companies: Sprouts Farmers (SFM) and Loblaw Companies (OtherLBLCF)

February 23, 2024 | ca.finance.yahoo.com

Live news: Loblaw shares spike to all-time high twice in one week

February 22, 2024 | msn.com

Canadian retailer Loblaw beats quarterly profit estimates

February 22, 2024 | theglobeandmail.com

Loblaw profit, sales gain as inflation-weary shoppers visit discount banners, opt for private-label brands

February 21, 2024 | msn.com

Loblaw to expand Canadian presence with C$2bn investment

See More Headlines

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Company Calendar

Last Earnings: 2/22/2024
Ex-Dividend for 4/1 Dividend: 3/14/2024
Dividend Payable: 4/01/2024
Today: 4/15/2024
Next Earnings (Confirmed): 5/01/2024

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Industry, Sector and Symbol

Stock Exchange: TSE
Sector: Consumer Defensive
Industry: Grocery Stores
Sub-Industry: N/A
Current Symbol: TSE:L
CUSIP: N/A
CIK: N/A
Web: www.loblaw.ca
Phone: +1-905-4592500
Fax: N/A
Employees: 220,000
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: C$153.71
High Stock Price Target: C$172.00
Low Stock Price Target: C$145.00
Potential Upside/Downside: +3.0%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.83
Research Coverage: 6 Analysts

Profitability

EPS (Most Recent Fiscal Year): C$6.52
Trailing P/E Ratio: 22.89
Forward P/E Ratio: 17.58
P/E Growth: 2.53
Net Income: C$2.09 billion
Net Margins: 3.53%
Pretax Margin: N/A
Return on Equity: 18.96%
Return on Assets: 5.80%

Debt

Debt-to-Equity Ratio: 156.41
Current Ratio: 1.25
Quick Ratio: 0.68

Sales & Book Value

Annual Sales: C$59.53 billion
Price / Sales: 0.78
Cash Flow: C$6.44 per share
Price / Cash Flow: 23.18
Book Value: C$36.35 per share
Price / Book: 4.11

Miscellaneous

Outstanding Shares: 309,260,000
Free Float: N/A
Market Cap: C$46.15 billion
Optionable: Not Optionable
Beta: 0.12

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Key Executives

Mr. Richard Dufresne
CFO & Member of Management Board
Mr. Jeffery Leger
Member of Management Board & President of Shoppers Drug Mart
Mr. Per Bank (Age 57)
President, CEO & Member of Management Board
Mr. Mark W. H. Wilson (Age 53)
Executive VP, Chief Human Resources Officer & Member of Management Board
Mr. Ian Freedman
Member of Management Board & President of Joe Fresh
Robert Wiebe
Chief Administrative Officer & Member of Management Board
Nicholas Henn
Executive VP, Chief Legal Officer, Secretary & Member of Management Board
David Markwell
Executive VP, Chief Technology & Analytics Officer and Member of Management Board
Frank Gambioli
President of Market & Superstore Division and Member of Management Board
Mary MacIsaac
Senior VP of Marketing & Control Brands and Member of Management Board

Key Competitors

View All Competitors

Insiders

View All Insider Transactions

Should I Buy Loblaw Companies Stock? L Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Loblaw Companies Limited:

Loblaw Companies Limited has a diversified business model, operating in both retail and financial services segments, which can provide stability and multiple revenue streams.
The company offers a wide range of products and services, including grocery, pharmacy, healthcare, financial services, and wireless mobile products, catering to various consumer needs.
Recent developments show Loblaw Companies Limited expanding its digital presence and enhancing its e-commerce capabilities, tapping into the growing trend of online shopping.
With a strong brand presence in Canada and a history dating back to 1919, Loblaw Companies Limited has established itself as a trusted and well-known company in the market.
Investors may find Loblaw Companies Limited attractive due to its consistent dividend payments and potential for capital appreciation, depending on the current stock price and market conditions.

Cons

Investors should be bearish about investing in Loblaw Companies Limited for these reasons:

Market competition in the grocery and retail sector in Canada is intense, which could impact Loblaw Companies Limited's market share and profitability.
Regulatory changes or challenges in the healthcare or financial services sectors where Loblaw operates could pose risks to the company's operations and financial performance.
Fluctuations in commodity prices, currency exchange rates, or interest rates may affect Loblaw Companies Limited's costs and margins, impacting its overall financial health.
Any disruptions in supply chains or logistics could impact the company's ability to deliver products and services efficiently, affecting customer satisfaction and financial results.
Investors should consider the overall economic conditions and consumer spending trends, as they can influence Loblaw Companies Limited's revenue and profitability in the future.

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, April 10, 2024. Please send any questions or comments about these Loblaw Companies pros and cons to contact@marketbeat.com.

L Stock Analysis - Frequently Asked Questions

Should I buy or sell Loblaw Companies stock right now?: 6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Loblaw Companies in the last year. There are currently 1 hold rating and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" L shares.
View L analyst ratings or view top-rated stocks.
What is Loblaw Companies' stock price target for 2024?: 6 equities research analysts have issued 1 year target prices for Loblaw Companies' stock. Their L share price targets range from C$145.00 to C$172.00. On average, they anticipate the company's share price to reach C$153.71 in the next year. This suggests a possible upside of 3.0% from the stock's current price.
View analysts price targets for L or view top-rated stocks among Wall Street analysts.
How have L shares performed in 2024?: Loblaw Companies' stock was trading at C$128.28 on January 1st, 2024. Since then, L shares have increased by 16.3% and is now trading at C$149.23.
View the best growth stocks for 2024 here.
When is Loblaw Companies' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024.
View our L earnings forecast.
How were Loblaw Companies' earnings last quarter?: Loblaw Companies Limited (TSE:L) released its quarterly earnings results on Thursday, February, 22nd. The company reported $2.00 EPS for the quarter, beating the consensus estimate of $1.92 by $0.08. The company had revenue of $14.53 billion for the quarter, compared to analysts' expectations of $14.58 billion. Loblaw Companies had a trailing twelve-month return on equity of 18.96% and a net margin of 3.53%.

How often does Loblaw Companies pay dividends? What is the dividend yield for Loblaw Companies?: Loblaw Companies announced a quarterly dividend on Thursday, March 14th. Investors of record on Monday, April 1st will be paid a dividend of 0.446 per share on Monday, April 1st. This represents a $1.78 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date of this dividend is Thursday, March 14th.
Read our dividend analysis for L.
Is Loblaw Companies a good dividend stock?: Loblaw Companies (TSE:L) pays an annual dividend of C$1.78 per share and currently has a dividend yield of 1.22%. The dividend payout ratio is 27.30%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for L.
What other stocks do shareholders of Loblaw Companies own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Loblaw Companies investors own include George Weston (WN), Enbridge (ENB), Toronto-Dominion Bank (TD), Suncor Energy (SU), Bank of Nova Scotia (BNS), Royal Bank of Canada (RY), BCE (BCE), Bank of Montreal (BMO), Dollarama (DOL) and Manulife Financial (MFC).
How do I buy shares of Loblaw Companies?: Shares of L stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

This page (TSE:L) was last updated on 4/16/2024 by MarketBeat.com Staff

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Loblaw Companies (L) Stock Price, News & Analysis

Loblaw Companies MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Loblaw Companies Stock (TSE:L)

L Stock Price History

L Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders

Should I Buy Loblaw Companies Stock? L Pros and Cons Explained

Pros

Cons

L Stock Analysis - Frequently Asked Questions

Overall MarketRank^™