North West (TSE:NWC) Hits New 52-Week High – Here’s What Happened

The North West Company Inc. (TSE:NWC) shares reached a new 52-week high on Monday. The company traded as high as C$57.50 and last traded at C$56.95, with a volume of 28,639 shares trading hands. The stock had previously closed at C$57.05.

Wall Street Analyst Weigh In

Separately, Canadian Imperial Bank of Commerce lifted their price target on North West from C$58.00 to C$62.00 and gave the stock an “outperformer” rating in a research note on Thursday, September 10th. One equities research analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of C$60.67.

North West Stock Up 0.7%

The stock’s fifty day moving average is C$53.12 and its two-hundred day moving average is C$52.09. The stock has a market capitalization of C$2.73 billion, a P/E ratio of 19.68, a PEG ratio of 1.11 and a beta of 0.06. The company has a debt-to-equity ratio of 57.00, a current ratio of 1.84 and a quick ratio of 0.64.

North West (TSE:NWC) last issued its earnings results on Tuesday, September 8th. The company reported C$0.76 EPS for the quarter. North West had a return on equity of 17.50% and a net margin of 5.40%. The business had revenue of C$681.96 million during the quarter. As a group, research analysts predict that The North West Company Inc. will post 3.49 earnings per share for the current fiscal year.

North West Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Thursday, October 15th were given a dividend of $0.42 per share. The ex-dividend date of this dividend was Tuesday, September 29th. This represents a $1.68 annualized dividend and a dividend yield of 2.9%. This is a boost from North West’s previous quarterly dividend of $0.41. North West’s payout ratio is presently 56.16%.

About North West

The North West Company Inc, through its subsidiaries, is a leading retailer of food and everyday products and services to rural communities and urban neighbourhoods in Canada, Alaska, the South Pacific and the Caribbean. North West operates 230 stores under the trading names Northern, NorthMart, Giant Tiger, Alaska Commercial Company, Cost-U-Less and RiteWay Food Markets and has annualized sales of approximately CDN$2.6 billion.