Jamieson Wellness (TSE:JWEL) Hits New 1-Year High – Should You Buy?

Jamieson Wellness Inc. (TSE:JWEL) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$43.00 and last traded at C$41.73, with a volume of 136272 shares changing hands. The stock had previously closed at C$36.39.

Analysts Set New Price Targets

Several research firms recently commented on JWEL. TD Securities lifted their price target on Jamieson Wellness from C$46.00 to C$48.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Canadian Imperial Bank of Commerce set a C$43.00 price target on Jamieson Wellness and gave the stock an “outperform” rating in a research report on Tuesday, March 24th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat, Jamieson Wellness has an average rating of “Buy” and an average target price of C$44.50.

Jamieson Wellness Stock Performance

The company has a quick ratio of 1.08, a current ratio of 3.58 and a debt-to-equity ratio of 96.64. The business has a 50 day moving average price of C$34.94 and a 200 day moving average price of C$34.96. The stock has a market cap of C$1.72 billion, a P/E ratio of 23.93 and a beta of 1.53.

Jamieson Wellness (TSE:JWEL) last issued its quarterly earnings results on Thursday, May 7th. The company reported C$0.17 earnings per share (EPS) for the quarter. The firm had revenue of C$169.75 million during the quarter. Jamieson Wellness had a return on equity of 15.25% and a net margin of 8.71%. As a group, sell-side analysts expect that Jamieson Wellness Inc. will post 2.1438892 EPS for the current year.

Jamieson Wellness Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 15th were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend was Monday, June 1st. Jamieson Wellness’s dividend payout ratio (DPR) is currently 52.02%.

Jamieson Wellness Company Profile

Jamieson Wellness Inc is engaged in the manufacturing, distributing, and marketing of branded natural health products, including vitamins, minerals, and supplements. The company operates in two segments: The Jamieson brands and The Strategic Partners. The majority of its revenue comes from the Jamieson brand segment. Some of its brands are Jamieson, Progressive, Precision, and Iron Vegan. Geographically, most of its revenue is derived from the domestic market.