Empire Company Limited (TSE:EMP.A) Senior Officer Matthew Reindel Sells 217 Shares

Empire Company Limited (TSE:EMP.A) Senior Officer Matthew Reindel sold 217 shares of the company’s stock in a transaction dated Friday, March 21st. The stock was sold at an average price of C$46.10, for a total transaction of C$10,003.70.

Matthew Reindel also recently made the following trade(s):

• On Monday, March 17th, Matthew Reindel sold 767 shares of Empire stock. The stock was sold at an average price of C$44.11, for a total value of C$33,832.37.

Empire Trading Up 0.1 %

Shares of EMP.A stock opened at C$46.43 on Wednesday. Empire Company Limited has a twelve month low of C$31.45 and a twelve month high of C$46.91. The company has a market capitalization of C$6.52 billion, a price-to-earnings ratio of 16.95, a PEG ratio of 16.20 and a beta of 0.48. The firm has a 50-day moving average price of C$43.64 and a 200 day moving average price of C$42.20. The company has a current ratio of 0.79, a quick ratio of 0.29 and a debt-to-equity ratio of 135.51.

Empire Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 31st were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.72%. The ex-dividend date was Wednesday, January 15th. Empire’s payout ratio is 29.20%.

Analysts Set New Price Targets

Several research firms recently weighed in on EMP.A. CIBC raised their price objective on Empire from C$47.00 to C$55.00 in a research note on Friday, December 13th. Scotiabank raised Empire from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from C$47.00 to C$49.00 in a research note on Friday, March 14th. Desjardins increased their price objective on shares of Empire from C$47.00 to C$50.00 in a research note on Sunday, December 15th. TD Securities lifted their target price on shares of Empire from C$44.00 to C$48.00 and gave the stock a “hold” rating in a research report on Friday, December 13th. Finally, BMO Capital Markets increased their price target on shares of Empire from C$44.00 to C$48.00 in a research report on Friday, December 13th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, Empire has an average rating of “Hold” and an average price target of C$48.86.

About Empire

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.