Loblaw Companies (TSE:L) Insider Per Bank Sells 203,623 Shares

Loblaw Companies Limited (TSE:L) insider Per Bank sold 203,623 shares of the stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of C$62.01, for a total transaction of C$12,626,662.23.

Per Bank also recently made the following trade(s):

• On Tuesday, September 1st, Per Bank sold 39,762 shares of Loblaw Companies stock. The stock was sold at an average price of C$62.01, for a total value of C$2,465,641.62.

Loblaw Companies Trading Up 1.4%

TSE:L traded up C$0.87 during mid-day trading on Friday, reaching C$63.31. 1,346,815 shares of the company’s stock traded hands, compared to its average volume of 1,340,454. Loblaw Companies Limited has a 12-month low of C$52.92 and a 12-month high of C$69.59. The firm has a market capitalization of C$73.16 billion, a price-to-earnings ratio of 26.83, a PEG ratio of 3.23 and a beta of 0.06. The company has a debt-to-equity ratio of 151.15, a current ratio of 1.06 and a quick ratio of 0.68. The company has a 50 day moving average price of C$63.25 and a 200-day moving average price of C$63.25.

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

Loblaw Companies Announces Dividend

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

Wall Street Analysts Forecast Growth

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

Loblaw Companies Company Profile

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.