Jamieson Wellness (TSE:JWEL) Shares Down 0.1% – Here’s What Happened

Shares of Jamieson Wellness Inc. (TSE:JWEL) dropped 0.1% during trading on Friday. The company traded as low as C$45.47 and last traded at C$45.49. Approximately 338,716 shares traded hands during mid-day trading, an increase of 123% from the average daily volume of 151,723 shares. The stock had previously closed at C$45.53.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. TD lowered shares of Jamieson Wellness from a “hold” rating to a “sell” rating and reduced their price objective for the stock from C$49.00 to C$45.75 in a research note on Friday, October 2nd. Royal Bank Of Canada cut shares of Jamieson Wellness from an “outperform” rating to a “sector perform” rating and decreased their price objective for the company from C$46.00 to C$45.75 in a report on Monday, August 10th. Canaccord Genuity Group downgraded shares of Jamieson Wellness from a “buy” rating to a “hold” rating and upped their target price for the company from C$44.50 to C$45.75 in a research note on Monday, August 10th. Canadian Imperial Bank of Commerce downgraded shares of Jamieson Wellness from an “outperformer” rating to a “tender” rating and upped their target price for the company from C$44.00 to C$45.75 in a research note on Friday, August 7th. Finally, Stifel Nicolaus lowered shares of Jamieson Wellness from a “buy” rating to a “hold” rating and increased their target price for the stock from C$45.00 to C$45.75 in a report on Friday, August 7th. One equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of C$46.07.

Jamieson Wellness Trading Down 0.1%

The company has a fifty day simple moving average of C$45.50 and a two-hundred day simple moving average of C$40.49. The company has a quick ratio of 1.08, a current ratio of 3.41 and a debt-to-equity ratio of 93.69. The stock has a market capitalization of C$1.89 billion, a P/E ratio of 24.86 and a beta of 1.37.

Jamieson Wellness (TSE:JWEL) last announced its earnings results on Thursday, August 6th. The company reported C$0.46 EPS for the quarter. Jamieson Wellness had a net margin of 8.92% and a return on equity of 15.93%. The firm had revenue of C$233.84 million for the quarter. On average, sell-side analysts expect that Jamieson Wellness Inc. will post 2.14 earnings per share for the current year.

Jamieson Wellness Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 15th were given a dividend of $0.25 per share. This is a boost from Jamieson Wellness’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Monday, August 31st. This represents a $1.00 annualized dividend and a yield of 2.2%. Jamieson Wellness’s payout ratio is presently 50.27%.

About Jamieson Wellness

Jamieson Wellness Inc is engaged in the manufacturing, distributing, and marketing of branded natural health products, including vitamins, minerals, and supplements. The company operates in two segments: The Jamieson brands and The Strategic Partners. The majority of its revenue comes from the Jamieson brand segment. Some of its brands are Jamieson, Progressive, Precision, and Iron Vegan. Geographically, most of its revenue is derived from the domestic market.