Empire Company Limited (TSE:EMP.A) Senior Officer Sells C$253,456.00 in Stock

Empire Company Limited (TSE:EMP.A) Senior Officer Sandra Sanderson sold 4,526 shares of the stock in a transaction on Monday, June 23rd. The stock was sold at an average price of C$56.00, for a total value of C$253,456.00.

Empire Stock Down 1.2%

Shares of TSE:EMP.A opened at C$55.59 on Thursday. The company has a quick ratio of 0.29, a current ratio of 0.79 and a debt-to-equity ratio of 135.51. The firm has a market cap of C$7.81 billion, a P/E ratio of 20.29, a P/E/G ratio of 16.20 and a beta of 0.48. Empire Company Limited has a 12 month low of C$34.14 and a 12 month high of C$56.80. The company’s 50-day moving average price is C$51.54 and its two-hundred day moving average price is C$46.85.

Empire Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 30th were paid a dividend of $0.20 per share. The ex-dividend date was Tuesday, April 15th. This represents a $0.80 annualized dividend and a dividend yield of 1.44%. Empire’s dividend payout ratio (DPR) is currently 29.20%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on EMP.A. Royal Bank Of Canada upped their target price on shares of Empire from C$56.00 to C$61.00 and gave the stock a “sector perform” rating in a report on Friday, June 20th. Desjardins boosted their price target on shares of Empire from C$50.00 to C$55.00 and gave the company a “buy” rating in a research report on Tuesday, June 17th. National Bankshares raised their price objective on shares of Empire from C$53.00 to C$59.00 and gave the stock a “sector perform” rating in a report on Friday, June 20th. CIBC lifted their target price on shares of Empire from C$55.00 to C$59.00 in a research note on Friday, June 20th. Finally, TD Securities boosted their target price on Empire from C$48.00 to C$58.00 and gave the stock a “hold” rating in a report on Friday, June 20th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of C$57.43.

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.