Loblaw Companies (TSE:L) Director Nicholas Henn Sells 10,000 Shares

Loblaw Companies Limited (TSE:L) Director Nicholas Henn sold 10,000 shares of the company’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of C$67.00, for a total value of C$670,000.00.

Loblaw Companies Trading Down 2.5%

TSE L traded down C$1.68 during trading hours on Friday, hitting C$65.00. 1,266,398 shares of the company’s stock were exchanged, compared to its average volume of 1,367,591. The business’s 50 day moving average is C$62.41 and its 200-day moving average is C$62.91. Loblaw Companies Limited has a 12-month low of C$52.92 and a 12-month high of C$69.59. The firm has a market capitalization of C$75.65 billion, a P/E ratio of 28.26, a price-to-earnings-growth ratio of 3.23 and a beta of 0.15. The company has a debt-to-equity ratio of 153.41, a quick ratio of 0.68 and a current ratio of 1.09.

Loblaw Companies (TSE:L) last announced its quarterly earnings results on Wednesday, May 6th. The company reported C$0.52 EPS for the quarter. The company had revenue of C$14.48 billion during the quarter. Loblaw Companies had a return on equity of 24.88% and a net margin of 4.29%. As a group, analysts anticipate that Loblaw Companies Limited will post 9.1225541 EPS for the current fiscal year.

Loblaw Companies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Wednesday, July 1st will be paid a $0.1552 dividend. This represents a $0.62 dividend on an annualized basis and a dividend yield of 1.0%. This is an increase from Loblaw Companies’s previous quarterly dividend of $0.14. The ex-dividend date is Monday, June 15th. Loblaw Companies’s payout ratio is 24.53%.

Analyst Ratings Changes

L has been the subject of a number of recent analyst reports. Scotiabank lowered Loblaw Companies from an “outperform” rating to a “hold” rating and set a C$70.00 price objective for the company. in a research note on Thursday, April 9th. Scotia decreased their target price on Loblaw Companies from C$70.00 to C$64.00 and set a “sector perform” rating for the company in a research report on Thursday, May 7th. BMO Capital Markets lifted their target price on Loblaw Companies from C$63.00 to C$68.00 and gave the stock a “market perform” rating in a research report on Monday, February 23rd. Canadian Imperial Bank of Commerce decreased their target price on Loblaw Companies from C$75.00 to C$69.00 in a research report on Thursday, May 7th. Finally, Desjardins lifted their target price on Loblaw Companies from C$67.00 to C$70.00 and gave the stock a “buy” rating in a research report on Thursday, February 26th. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Loblaw Companies currently has a consensus rating of “Moderate Buy” and an average target price of C$69.25.

About Loblaw Companies

Loblaw is one of Canada’s largest grocery, pharmacy, and general merchandise retailers, operating the most expansive store footprint in Ontario and maintaining sizable presences in provinces like Quebec and British Columbia. Key grocery banners include Loblaw, No Frills, and Maxi, while its pharmaceutical operations are the product of its 2014 acquisition of Shoppers Drug Mart. The firm carries a robust private-label assortment, with top sellers like President’s Choice and No Name. In addition to its retail operations, Loblaw oversees a financial-services business, which provides credit card services and guaranteed investment certificates, and also operates its PC Optimum loyalty program.