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 Loblaw Companies 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 Down 2.5%

Shares of L stock traded down C$1.68 on Friday, reaching C$65.00. 1,266,398 shares of the company’s stock traded hands, compared to its average volume of 1,367,591. The company has a market capitalization of C$75.65 billion, a P/E ratio of 28.26, a price-to-earnings-growth ratio of 3.23 and a beta of 0.15. Loblaw Companies Limited has a 12-month low of C$52.92 and a 12-month 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. The business’s 50 day moving average price is C$62.41 and its two-hundred day moving average price is C$62.91.

Loblaw Companies (TSE:L) last released its quarterly earnings data on Wednesday, May 6th. The company reported C$0.52 earnings per share (EPS) for the quarter. The firm had revenue of C$14.48 billion during the quarter. Loblaw Companies had a return on equity of 24.88% and a net margin of 4.29%. On average, equities analysts forecast 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. Investors of record on Wednesday, July 1st will be given 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 dividend on an annualized basis and a yield of 1.0%. Loblaw Companies’s payout ratio is 24.53%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on L shares. Canadian Imperial Bank of Commerce cut their price objective on Loblaw Companies from C$75.00 to C$69.00 in a research report on Thursday, May 7th. Desjardins boosted their price objective on Loblaw Companies from C$67.00 to C$70.00 and gave the stock a “buy” rating in a research report on Thursday, February 26th. BMO Capital Markets boosted their price objective on Loblaw Companies from C$63.00 to C$68.00 and gave the stock a “market perform” rating in a research report on Monday, February 23rd. Scotiabank cut Loblaw Companies from an “outperform” rating to a “hold” rating and set a C$70.00 price objective for the company. in a research report on Thursday, April 9th. Finally, TD Securities boosted their price objective on Loblaw Companies from C$65.00 to C$75.00 and gave the stock a “buy” rating in a research report on Monday, February 23rd. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$69.25.

Loblaw Companies Company Profile

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.