Vineet Gupta Purchases 2,200 Shares of The North West Company Inc. (TSE:NWC) Stock

The North West Company Inc. (TSE:NWC) Senior Officer Vineet Gupta purchased 2,200 shares of the business’s stock in a transaction that occurred on Tuesday, June 17th. The stock was purchased at an average price of C$49.95 per share, for a total transaction of C$109,890.00.

North West Price Performance

TSE NWC opened at C$49.10 on Thursday. The business has a 50 day simple moving average of C$54.33 and a 200 day simple moving average of C$50.23. The North West Company Inc. has a 52-week low of C$40.42 and a 52-week high of C$57.95. The company has a debt-to-equity ratio of 59.78, a quick ratio of 0.64 and a current ratio of 2.16. The stock has a market cap of C$2.36 billion, a price-to-earnings ratio of 18.05, a PEG ratio of 1.11 and a beta of 0.64.

North West Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 15th will be paid a dividend of $0.53 per share. This is a boost from North West’s previous quarterly dividend of $0.40. This represents a $2.12 annualized dividend and a dividend yield of 4.32%. The ex-dividend date is Friday, June 27th. North West’s dividend payout ratio (DPR) is currently 58.83%.

Wall Street Analyst Weigh In

NWC has been the topic of a number of analyst reports. BMO Capital Markets increased their price target on shares of North West from C$58.00 to C$60.00 in a research report on Thursday, April 10th. TD Securities increased their target price on North West from C$59.00 to C$63.00 and gave the stock a “buy” rating in a research note on Thursday, April 10th. Finally, CIBC increased their target price on North West from C$59.00 to C$60.00 and gave the stock an “outperform” rating in a research note on Friday, April 11th.

About North West

The North West Company Inc, through its subsidiaries, engages in the retail of food and everyday products and services to rural communities and urban neighborhood markets in northern Canada, rural Alaska, the South Pacific, and the Caribbean. The company operates Northern stores, which offers food, financial services, and general merchandise; NorthMart stores that provides fresh food products, apparel, and health products and services; and Quickstop convenience stores that provides ready-to-eat food products, and fuel and related services.