Loblaw Companies (TSE:L) Director Nicholas Henn Sells 10,000 Shares of Stock

Loblaw Companies Limited (TSE:L) Director Nicholas Henn sold 10,000 shares of the business’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of C$67.00, for a total value of C$670,000.00.

Loblaw Companies Stock Performance

Loblaw Companies stock opened at C$65.00 on Monday. The stock’s 50 day moving average price is C$62.41 and its 200 day moving average price is C$62.92. The firm has a market capitalization of C$75.65 billion, a PE ratio of 28.26, a price-to-earnings-growth ratio of 3.23 and a beta of 0.15. The company has a debt-to-equity ratio of 153.41, a quick ratio of 0.68 and a current ratio of 1.09. Loblaw Companies Limited has a one year low of C$52.92 and a one year high of C$69.59.

Loblaw Companies (TSE:L) last released its quarterly earnings results on Wednesday, May 6th. The company reported C$0.52 EPS for the quarter. The firm had revenue of C$14.48 billion for the quarter. Loblaw Companies had a return on equity of 24.88% and a net margin of 4.29%. As a group, sell-side analysts expect that Loblaw Companies Limited will post 9.1225541 EPS for the current fiscal year.

Loblaw Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Wednesday, July 1st will be given a dividend of $0.1552 per share. This is a boost from Loblaw Companies’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Monday, June 15th. This represents a $0.62 annualized dividend and a yield of 1.0%. Loblaw Companies’s dividend payout ratio is presently 24.53%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on L shares. Scotiabank lowered Loblaw Companies from an “outperform” rating to a “hold” rating and set a C$70.00 price target on the stock. in a research report on Thursday, April 9th. Canadian Imperial Bank of Commerce reduced their price target on Loblaw Companies from C$75.00 to C$69.00 in a research report on Thursday, May 7th. Scotia reduced their price target on Loblaw Companies from C$70.00 to C$64.00 and set a “sector perform” rating on the stock in a research report on Thursday, May 7th. Desjardins boosted their price target on Loblaw Companies from C$67.00 to C$70.00 and gave the stock a “buy” rating in a research report on Thursday, February 26th. Finally, BMO Capital Markets boosted their price target on Loblaw Companies from C$63.00 to C$68.00 and gave the stock a “market perform” rating in a research report on Monday, February 23rd. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of C$69.25.

About Loblaw Companies

Loblaw is one of Canada’s largest grocery, pharmacy, and general merchandise retailers, operating the most expansive store footprint in Ontario and maintaining sizable presences in provinces like Quebec and British Columbia. Key grocery banners include Loblaw, No Frills, and Maxi, while its pharmaceutical operations are the product of its 2014 acquisition of Shoppers Drug Mart. The firm carries a robust private-label assortment, with top sellers like President’s Choice and No Name. In addition to its retail operations, Loblaw oversees a financial-services business, which provides credit card services and guaranteed investment certificates, and also operates its PC Optimum loyalty program.