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

Loblaw Companies Limited (TSE:L) Director Nicholas Henn sold 10,000 shares of the firm’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 Stock Performance

Shares of L stock opened at C$64.59 on Tuesday. The stock’s 50-day moving average is C$62.41 and its two-hundred day moving average is C$62.93. The firm has a market cap of C$75.18 billion, a price-to-earnings ratio of 28.08, a PEG ratio of 3.23 and a beta of 0.15. Loblaw Companies Limited has a 1 year low of C$52.92 and a 1 year high of C$69.59. 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 issued its quarterly earnings data on Wednesday, May 6th. The company reported C$0.52 earnings per share (EPS) for the quarter. The company had revenue of C$14.48 billion for the quarter. Loblaw Companies had a return on equity of 24.88% and a net margin of 4.29%. Analysts predict that Loblaw Companies Limited will post 9.1225541 earnings per share for the current year.

Loblaw Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Wednesday, July 1st will be issued a dividend of $0.1552 per share. The ex-dividend date of this dividend is Monday, June 15th. This is a positive change from Loblaw Companies’s previous quarterly dividend of $0.14. This represents a $0.62 annualized dividend and a dividend yield of 1.0%. Loblaw Companies’s dividend payout ratio is 24.53%.

Analyst Upgrades and Downgrades

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