Safeway SVP Jerry Tidwell Unloads 25,000 Shares (SWY)
Safeway (NYSE:SWY) SVP Jerry Tidwell sold 25,000 shares of Safeway stock on the open market in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $33.06, for a total value of $826,500.00. Following the sale, the senior vice president now directly owns 23,959 shares of the company’s stock, valued at approximately $792,085. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of Safeway (NYSE:SWY) traded down 0.06% on Friday, hitting $33.36. The stock had a trading volume of 3,151,339 shares. Safeway has a 52-week low of $15.94 and a 52-week high of $33.91. The stock’s 50-day moving average is $29.89 and its 200-day moving average is $26.06. The company has a market cap of $7.986 billion and a price-to-earnings ratio of 18.47.
Safeway (NYSE:SWY) last posted its quarterly earnings results on Thursday, October 10th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by $0.08. The company had revenue of $8.62 billion for the quarter, compared to the consensus estimate of $8.53 billion. During the same quarter in the previous year, the company posted $0.16 earnings per share. The company’s revenue for the quarter was up 1.1% on a year-over-year basis. On average, analysts predict that Safeway will post $1.01 earnings per share for the current fiscal year.
A number of research firms have recently commented on SWY. Analysts at BMO Capital Markets initiated coverage on shares of Safeway in a research note to investors on Wednesday. They set an “outperform” rating on the stock. Separately, analysts at Deutsche Bank raised their price target on shares of Safeway to $40.00 in a research note to investors on Friday, October 11th. Finally, analysts at Credit Suisse reiterated an “outperform” rating on shares of Safeway in a research note to investors on Friday, October 11th. They now have a $40.00 price target on the stock, up previously from $34.00. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the company’s stock. Safeway currently has a consensus rating of “Hold” and an average target price of $32.42.
Safeway Inc (NYSE:SWY) is a food and drug retailer in North America.
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