Walgreen Company Short Interest Up 15.8% in July (WAG)
Walgreen Company (NYSE:WAG) saw a large growth in short interest in the month of July. As of July 31st, there was short interest totalling 21,387,669 shares, a growth of 15.8% from the July 15th total of 18,465,510 shares, Analyst Ratings News reports. Approximately 2.4% of the shares of the stock are sold short. Based on an average daily volume of 6,229,905 shares, the days-to-cover ratio is presently 3.4 days.
In other Walgreen Company news, SVP Mia M. Scholz sold 81,015 shares of Walgreen Company stock on the open market in a transaction dated Monday, August 11th. The stock was sold at an average price of $61.93, for a total value of $5,017,258.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on WAG. Analysts at Deutsche Bank cut their price target on shares of Walgreen Company to $69.00 in a research note on Tuesday, August 12th. Separately, analysts at BB&T Corp. cut their price target on shares of Walgreen Company from $80.00 to $65.00 in a research note on Thursday, August 7th. They now have a “buy” rating on the stock. Finally, analysts at Cowen and Company reiterated a “market perform” rating on shares of Walgreen Company in a research note on Thursday, August 7th. They now have a $62.00 price target on the stock, down previously from $74.00. One analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $73.14.
Walgreen Company (NYSE:WAG) opened at 61.75 on Monday. Walgreen Company has a one year low of $46.75 and a one year high of $76.39. The stock’s 50-day moving average is $69.53 and its 200-day moving average is $68.01. The company has a market cap of $59.068 billion and a P/E ratio of 21.25.
Walgreen Company (NYSE:WAG) last released its earnings data on Tuesday, June 24th. The company reported $0.91 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.94 by $0.03. The company had revenue of $19.40 billion for the quarter, compared to the consensus estimate of $19.33 billion. During the same quarter last year, the company posted $0.85 earnings per share. Walgreen Company’s revenue was up 5.9% compared to the same quarter last year. Analysts expect that Walgreen Company will post $3.31 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, September 12th. Stockholders of record on Thursday, August 21st will be paid a dividend of $0.3375 per share. This represents a $1.35 annualized dividend and a dividend yield of 2.19%. The ex-dividend date of this dividend is Tuesday, August 19th. This is an increase from Walgreen Company’s previous quarterly dividend of $0.32.
Walgreen Co (NYSE:WAG), together with its subsidiaries, operates as a retail drugstore chain in the United States.
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