Insider Buying: The North West Company Inc. (TSE:NWC) Senior Officer Acquires 2,200 Shares of Stock

The North West Company Inc. (TSE:NWC) Senior Officer Vineet Gupta purchased 2,200 shares of North West stock in a transaction that occurred on Tuesday, June 17th. The stock was acquired at an average cost of C$49.95 per share, with a total value of C$109,890.00.

North West Trading Up 0.1%

Shares of North West stock opened at C$48.66 on Tuesday. The firm has a market capitalization of C$2.34 billion, a PE ratio of 17.89, a P/E/G ratio of 1.11 and a beta of 0.64. The North West Company Inc. has a twelve month low of C$40.42 and a twelve month high of C$57.95. The firm’s 50-day moving average price is C$54.54 and its 200 day moving average price is C$50.28. The company has a current ratio of 2.16, a quick ratio of 0.64 and a debt-to-equity ratio of 59.78.

North West Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 15th will be issued a dividend of $0.53 per share. The ex-dividend date of this dividend is Friday, June 27th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 4.36%. This is a boost from North West’s previous quarterly dividend of $0.40. North West’s dividend payout ratio is presently 58.83%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on NWC shares. TD Securities upped their price target on North West from C$59.00 to C$63.00 and gave the stock a “buy” rating in a report on Thursday, April 10th. BMO Capital Markets upped their target price on North West from C$58.00 to C$60.00 in a research note on Thursday, April 10th. Finally, CIBC upped their price objective on shares of North West from C$59.00 to C$60.00 and gave the stock an “outperform” rating in a research report on Friday, April 11th.

About North West

The North West Company Inc, through its subsidiaries, engages in the retail of food and everyday products and services to rural communities and urban neighborhood markets in northern Canada, rural Alaska, the South Pacific, and the Caribbean. The company operates Northern stores, which offers food, financial services, and general merchandise; NorthMart stores that provides fresh food products, apparel, and health products and services; and Quickstop convenience stores that provides ready-to-eat food products, and fuel and related services.