Douglas Bigler Nathanson Sells 7,265 Shares of Empire Company Limited (TSE:EMP.A) Stock

Empire Company Limited (TSE:EMP.A) Senior Officer Douglas Bigler Nathanson sold 7,265 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of C$45.15, for a total value of C$328,014.75.

Douglas Bigler Nathanson also recently made the following trade(s):

• On Wednesday, September 25th, Douglas Bigler Nathanson sold 3,658 shares of Empire stock. The stock was sold at an average price of C$40.26, for a total transaction of C$147,252.79.

Empire Stock Up 0.0 %

Shares of TSE:EMP.A opened at C$44.40 on Thursday. The company has a market capitalization of C$6.23 billion, a price-to-earnings ratio of 16.20, a P/E/G ratio of 16.20 and a beta of 0.48. Empire Company Limited has a 1 year low of C$31.45 and a 1 year high of C$46.77. The business’s 50-day moving average is C$41.64 and its 200-day moving average is C$38.06. The company has a debt-to-equity ratio of 135.51, a current ratio of 0.79 and a quick ratio of 0.29.

Empire Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Thursday, October 31st were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.80%. The ex-dividend date of this dividend was Tuesday, October 15th. Empire’s dividend payout ratio (DPR) is presently 29.20%.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. CIBC increased their price objective on shares of Empire from C$47.00 to C$55.00 in a research note on Friday, December 13th. TD Securities increased their price target on Empire from C$44.00 to C$48.00 and gave the company a “hold” rating in a research report on Friday, December 13th. BMO Capital Markets boosted their price target on Empire from C$44.00 to C$48.00 in a research report on Friday, December 13th. National Bankshares increased their price objective on Empire from C$42.00 to C$46.00 and gave the company a “sector perform” rating in a report on Friday, September 13th. Finally, Scotiabank boosted their price target on Empire from C$44.00 to C$47.00 in a research report on Friday, December 13th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of C$48.57.

Empire Company Profile

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.