Leanne Flewitt Sells 9,975 Shares of The North West Company Inc. (TSE:NWC) Stock

The North West Company Inc. (TSE:NWC) Senior Officer Leanne Flewitt sold 9,975 shares of the business’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of C$52.09, for a total value of C$519,597.75.

North West Stock Performance

Shares of NWC opened at C$52.72 on Friday. The North West Company Inc. has a one year low of C$34.77 and a one year high of C$52.84. The company has a 50-day moving average of C$47.99 and a two-hundred day moving average of C$43.07. The stock has a market cap of C$2.52 billion, a price-to-earnings ratio of 19.24, a PEG ratio of 1.11 and a beta of 0.64. The company has a debt-to-equity ratio of 60.00, a current ratio of 2.22 and a quick ratio of 0.64.

North West (TSE:NWC) last announced its earnings results on Wednesday, September 4th. The company reported C$0.73 EPS for the quarter, topping the consensus estimate of C$0.71 by C$0.02. North West had a net margin of 5.25% and a return on equity of 19.76%. The company had revenue of C$646.49 million during the quarter. On average, equities research analysts expect that The North West Company Inc. will post 3.4924863 earnings per share for the current year.

North West Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.03%. This is a positive change from North West’s previous quarterly dividend of $0.39. The ex-dividend date is Monday, September 30th. North West’s dividend payout ratio is 58.39%.

Wall Street Analyst Weigh In

NWC has been the topic of a number of research reports. TD Securities boosted their price objective on North West from C$52.00 to C$59.00 in a research note on Friday, September 6th. BMO Capital Markets upped their target price on North West from C$44.00 to C$56.00 in a report on Friday, September 6th. Finally, Royal Bank of Canada lifted their price target on North West from C$40.00 to C$47.00 in a research note on Friday, September 6th.

About North West

The North West Company Inc, through its subsidiaries, engages in the retail of food and everyday products and services to rural communities and urban neighborhood markets in northern Canada, rural Alaska, the South Pacific, and the Caribbean. The company operates Northern stores, which offers food, financial services, and general merchandise; NorthMart stores that provides fresh food products, apparel, and health products and services; and Quickstop convenience stores that provides ready-to-eat food products, and fuel and related services.