Key Points
- Insider sale: Loblaw insider Mark William Henry Wilson sold 24,496 shares at an average price of C$62.68, for total proceeds of approximately C$1.54 million.
- Financial performance: Loblaw reported quarterly EPS of C$0.66 on revenue of C$15.05 billion, with a 4.32% net margin and 25.25% return on equity.
- Dividend and analyst outlook: The company declared a quarterly dividend of C$0.1552 per share, equivalent to a 1.0% yield. Analysts assign the stock a “Moderate Buy” consensus rating with an average price target of C$71.00.
Loblaw Companies Limited (TSE:L - Get Free Report) insider Mark William Henry Wilson sold 24,496 shares of the stock in a transaction on Friday, September 4th. The stock was sold at an average price of C$62.68, for a total value of C$1,535,409.28.
Loblaw Companies Stock Performance
TSE:L opened at C$63.31 on Monday. The firm's fifty day moving average price is C$63.25 and its 200 day moving average price is C$63.25. Loblaw Companies Limited has a 1-year low of C$52.92 and a 1-year high of C$69.59. 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 firm has a market cap of C$73.16 billion, a price-to-earnings ratio of 26.83, a price-to-earnings-growth ratio of 3.23 and a beta of 0.06.
Loblaw Companies (TSE:L - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The company reported C$0.66 EPS for the quarter. The company had revenue of C$15.05 billion during the quarter. Loblaw Companies had a net margin of 4.32% and a return on equity of 25.25%. On average, sell-side analysts expect that Loblaw Companies Limited will post 9.1225541 EPS for the current year.
Loblaw Companies Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Thursday, October 1st will be paid 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 payout ratio is 24.51%.
Analyst Ratings Changes
A number of equities research analysts recently commented on L shares. TD Securities upgraded shares of Loblaw Companies to a "strong-buy" rating in a research report on Wednesday, July 29th. Scotia boosted their target price on Loblaw Companies from C$64.00 to C$67.00 and gave the stock a "sector perform" rating in a research report on Friday, July 31st. Desjardins increased their target price on Loblaw Companies from C$70.00 to C$72.00 and gave the stock a "buy" rating in a research note on Friday, July 31st. BMO Capital Markets raised their price target on Loblaw Companies from C$70.00 to C$73.00 and gave the company an "outperform" rating in a report on Friday, July 31st. Finally, National Bank Financial lifted their price target on Loblaw Companies from C$67.00 to C$70.00 and gave the company an "outperform" rating in a research note on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of C$71.00.
Check Out Our Latest Report on L
About Loblaw Companies
(
Get Free Report)
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.
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