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TSE:L

Loblaw Companies (L) Stock Price, News & Analysis

C$154.00
-2.09 (-1.34%)
(As of 05/28/2024 ET)
Today's Range
C$152.39
C$155.86
50-Day Range
C$146.59
C$157.48
52-Week Range
C$110.52
C$158.41
Volume
496,126 shs
Average Volume
364,933 shs
Market Capitalization
C$47.34 billion
P/E Ratio
23.02
Dividend Yield
1.33%
Price Target
C$162.43

Loblaw Companies MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
5.5% Upside
C$162.43 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
-0.08mentions of Loblaw Companies in the last 14 days
Based on 10 Articles This Week
Insider Trading
Selling Shares
C$25.62 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.

1.61 out of 5 stars

L stock logo

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

L Stock News Headlines

May Boycotts: Is Loblaw Stock in Trouble?
Loblaw Companies: Hold Rating with Balanced Risk-Reward Outlook
See More Headlines
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Company Calendar

Ex-Dividend for 4/1 Dividend
3/14/2024
Dividend Payable
4/01/2024
Last Earnings
5/01/2024
Today
5/29/2024
Ex-Dividend for 7/1 Dividend
6/14/2024
Dividend Payable
7/01/2024
Next Earnings (Estimated)
7/24/2024

Industry, Sector and Symbol

Industry
Grocery Stores
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
220,000
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
C$162.43
High Stock Price Target
C$172.00
Low Stock Price Target
C$145.00
Potential Upside/Downside
+5.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
6 Analysts

Profitability

Net Income
C$2.09 billion
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$59.53 billion
Cash Flow
C$6.64 per share
Book Value
C$36.35 per share

Miscellaneous

Free Float
N/A
Market Cap
C$47.34 billion
Optionable
Not Optionable
Beta
0.12
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Key Executives

  • Mr. Per Bank (Age 57)
    President, CEO & Member of Management Board
    Comp: $16.88M
  • Mr. Richard Dufresne
    CFO & Member of Management Board
  • Mr. Jeffery Leger
    Member of Management Board & President of Shoppers Drug Mart
  • 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

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 twelve months. There are currently 2 hold ratings and 4 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 brokerages have issued 1 year price targets for Loblaw Companies' stock. Their L share price targets range from C$145.00 to C$172.00. On average, they predict the company's share price to reach C$162.43 in the next twelve months. This suggests a possible upside of 5.5% 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 20.0% and is now trading at C$154.00.
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, July 24th 2024.
View our L earnings forecast
.

How were Loblaw Companies' earnings last quarter?

Loblaw Companies Limited (TSE:L) posted its earnings results on Wednesday, May, 1st. The company reported $1.72 earnings per share for the quarter, beating analysts' consensus estimates of $1.70 by $0.02. The firm earned $13.58 billion during the quarter, compared to analysts' expectations of $13.29 billion. Loblaw Companies had a net margin of 3.53% and a trailing twelve-month return on equity of 18.96%.

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

Loblaw Companies announced a quarterly dividend on Wednesday, May 1st. Investors of record on Saturday, June 15th will be paid a dividend of 0.513 per share on Monday, July 1st. This represents a $2.05 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date of this dividend is Friday, June 14th. This is a boost from the stock's previous quarterly dividend of C$0.45.
Read our dividend analysis for L
.

Is Loblaw Companies a good dividend stock?

Loblaw Companies (TSE:L) pays an annual dividend of C$2.05 per share and currently has a dividend yield of 1.30%. The dividend payout ratio is 30.64%. 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 5/29/2024 by MarketBeat.com Staff

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