Loblaw Companies (TSE:L) Insider Mark William Henry Wilson Sells 24,496 Shares

Loblaw Companies Limited (TSE:L) insider Mark William Henry Wilson sold 24,496 shares of Loblaw Companies stock in a transaction on Friday, September 4th. The stock was sold at an average price of C$62.68, for a total transaction of C$1,535,409.28.

Loblaw Companies Price Performance

Shares of L opened at C$63.31 on Monday. The company has a debt-to-equity ratio of 151.15, a current ratio of 1.06 and a quick ratio of 0.68. Loblaw Companies Limited has a 1-year low of C$52.92 and a 1-year high of C$69.59. The stock has a market cap of C$73.16 billion, a PE ratio of 26.83, a price-to-earnings-growth ratio of 3.23 and a beta of 0.06. The firm has a fifty day moving average price of C$63.25 and a 200 day moving average price of C$63.25.

Loblaw Companies (TSE:L) last issued its quarterly earnings data on Thursday, July 30th. The company reported C$0.66 earnings per share (EPS) for the quarter. Loblaw Companies had a return on equity of 25.25% and a net margin of 4.32%.The company had revenue of C$15.05 billion for the quarter. As a group, sell-side analysts anticipate that Loblaw Companies Limited will post 9.1225541 EPS for the current year.

Loblaw Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Thursday, October 1st will be paid a dividend of $0.1552 per share. This represents a $0.62 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Tuesday, September 15th. Loblaw Companies’s dividend payout ratio (DPR) is currently 24.51%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on L. National Bank Financial boosted their price objective on Loblaw Companies from C$67.00 to C$70.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. BMO Capital Markets raised their target price on shares of Loblaw Companies from C$70.00 to C$73.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st. Desjardins lifted their target price on shares of Loblaw Companies from C$70.00 to C$72.00 and gave the company a “buy” rating in a report on Friday, July 31st. Scotia upped their price target on shares of Loblaw Companies from C$64.00 to C$67.00 and gave the company a “sector perform” rating in a research report on Friday, July 31st. Finally, TD Securities upgraded shares of Loblaw Companies to a “strong-buy” rating in a research note on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$71.00.

About Loblaw Companies

Loblaw is Canada’s food and pharmacy leader, and the nation’s largest retailer. Loblaw provides Canadians with grocery, pharmacy, health and beauty, apparel, general merchandise, financial services and wireless mobile products and services. With more than 2,800 corporate franchised and Associate-owned locations, Loblaw, its franchisees and Associate-owners employ more than 220,000 full- and part-time employees, making it one of Canada’s largest private sector employers. Loblaw’s purpose – Live Life Well® – puts first the needs and well-being of Canadians who make one billion transactions annually in the company’s stores.