Key Points
- Insider David Markwell sold 56,240 Loblaw shares at an average price of C$62.07, generating proceeds of approximately C$3.49 million.
- Loblaw reported quarterly revenue of C$15.05 billion and EPS of C$0.66, while declaring a quarterly dividend of C$0.1552 per share, equivalent to a 1.0% annual yield.
- Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of C$71.44, above the reported share price.
Loblaw Companies Limited (TSE:L - Get Free Report) insider David Markwell sold 56,240 shares of the stock in a transaction on Wednesday, September 16th. The stock was sold at an average price of C$62.07, for a total transaction of C$3,490,816.80.
Loblaw Companies Stock Up 0.9%
Shares of L stock opened at C$62.34 on Tuesday. The company has a current ratio of 1.06, a quick ratio of 0.68 and a debt-to-equity ratio of 151.15. Loblaw Companies Limited has a 1 year low of C$52.92 and a 1 year high of C$69.59. The firm's fifty day moving average price is C$62.97 and its two-hundred day moving average price is C$62.95. The firm has a market capitalization of C$72.04 billion, a P/E ratio of 26.42, a PEG ratio of 3.23 and a beta of 0.06.
Loblaw Companies (TSE:L - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The company reported C$0.66 EPS for the quarter. The firm had revenue of C$15.05 billion for the quarter. Loblaw Companies had a net margin of 4.32% and a return on equity of 25.25%. On average, equities analysts predict that Loblaw Companies Limited will post 9.1225541 EPS for the current fiscal year.
Loblaw Companies Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Thursday, October 1st will be given a dividend of $0.1552 per share. This represents a $0.62 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Tuesday, September 15th. Loblaw Companies's payout ratio is 24.51%.
Analysts Set New Price Targets
Several brokerages have recently weighed in on L. Scotia increased their price objective on shares of Loblaw Companies from C$64.00 to C$67.00 and gave the company a "sector perform" rating in a research report on Friday, July 31st. BMO Capital Markets increased 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. National Bank Financial set a C$70.00 price objective on shares of Loblaw Companies and gave the stock an "outperform" rating in a research report on Thursday, September 10th. TD Securities upgraded Loblaw Companies to a "strong-buy" rating in a report on Wednesday, July 29th. Finally, TD set a C$75.00 target price on Loblaw Companies and gave the company a "buy" rating in a research report on Thursday, September 10th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of C$71.44.
Get Our Latest Analysis on Loblaw Companies
About Loblaw Companies
(
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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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