Loblaw Companies Ltd (TSE:L) Senior Officer Sarah Ruth Davis sold 19,940 shares of the company’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of C$72.50, for a total transaction of C$1,445,650.00. Following the completion of the transaction, the insider now owns 1,477 shares of the company’s stock, valued at C$107,082.50.
TSE L traded down C$0.18 during trading on Tuesday, hitting C$72.11. 175,558 shares of the company’s stock traded hands, compared to its average volume of 539,506. The stock has a fifty day moving average of C$68.41 and a two-hundred day moving average of C$67.33. The company has a debt-to-equity ratio of 146.60, a current ratio of 1.34 and a quick ratio of 0.71. Loblaw Companies Ltd has a 12-month low of C$50.22 and a 12-month high of C$72.72. The firm has a market cap of $26.35 billion and a P/E ratio of 33.15.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Sunday, September 15th will be given a dividend of $0.315 per share. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $1.26 annualized dividend and a yield of 1.75%. Loblaw Companies’s payout ratio is 55.48%.
Several research analysts recently issued reports on the stock. Desjardins upped their target price on shares of Loblaw Companies from C$70.00 to C$73.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. BMO Capital Markets cut their target price on shares of Loblaw Companies from C$83.00 to C$75.00 in a research report on Thursday, July 25th. TD Securities upped their target price on shares of Loblaw Companies from C$75.00 to C$80.00 and gave the stock a “buy” rating in a research report on Friday. Raymond James upped their target price on shares of Loblaw Companies from C$71.00 to C$76.00 and gave the stock an “outperform” rating in a research report on Thursday, May 2nd. Finally, CIBC upped their target price on shares of Loblaw Companies from C$76.00 to C$77.00 in a research report on Thursday, July 25th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of C$73.75.
Loblaw Companies Company Profile
Loblaw Companies Limited, a food and pharmacy company, engages in the grocery, pharmacy, health and beauty, apparel, general merchandise, financial services, and wireless mobile products and services businesses in Canada. It operates in two segments, Retail and Financial Services. The Retail segment operates corporate and franchise-owned retail food, and associate-owned drug stores comprising in-store pharmacies, other health and beauty product stores, apparel stores, and other general merchandise stores, as well as supports the PC Optimum reward program.
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