Loblaw Companies Limited (TSE:L) Senior Officer Sells C$1,500,000.00 in Stock

Loblaw Companies Limited (TSE:L) Senior Officer Kieran Barry Columb sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of C$150.00, for a total value of C$1,500,000.00.

Kieran Barry Columb also recently made the following trade(s):

• On Monday, March 4th, Kieran Barry Columb sold 6,955 shares of Loblaw Companies stock. The shares were sold at an average price of C$145.84, for a total value of C$1,014,322.76.

Loblaw Companies Price Performance

TSE L opened at C$152.83 on Monday. Loblaw Companies Limited has a fifty-two week low of C$110.52 and a fifty-two week high of C$153.01. The stock’s 50-day moving average is C$140.48 and its two-hundred day moving average is C$126.92. The company has a debt-to-equity ratio of 156.41, a current ratio of 1.25 and a quick ratio of 0.68. The firm has a market cap of C$47.26 billion, a P/E ratio of 23.48, a price-to-earnings-growth ratio of 2.53 and a beta of 0.11.

Loblaw Companies (TSE:L) last issued its quarterly earnings results on Thursday, February 22nd. The company reported C$2.00 earnings per share (EPS) for the quarter, beating the consensus estimate of C$1.92 by C$0.08. The company had revenue of C$14.53 billion for the quarter, compared to the consensus estimate of C$14.58 billion. Loblaw Companies had a return on equity of 18.96% and a net margin of 3.53%. On average, analysts anticipate that Loblaw Companies Limited will post 8.4120941 earnings per share for the current fiscal year.

Loblaw Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 1st. Stockholders of record on Monday, April 1st will be given a $0.446 dividend. This represents a $1.78 annualized dividend and a dividend yield of 1.17%. The ex-dividend date is Thursday, March 14th. Loblaw Companies’s dividend payout ratio is currently 27.34%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Royal Bank of Canada increased their price target on Loblaw Companies from C$170.00 to C$172.00 and gave the company an “outperform” rating in a research note on Wednesday, January 24th. CIBC decreased their price target on Loblaw Companies from C$150.00 to C$149.00 and set an “outperform” rating for the company in a research note on Friday, February 23rd. Desjardins increased their price target on Loblaw Companies from C$133.00 to C$148.00 and gave the company a “buy” rating in a research note on Friday, February 23rd. National Bankshares increased their price target on Loblaw Companies from C$149.00 to C$153.00 and gave the company an “outperform” rating in a research note on Friday, February 23rd. Finally, Scotiabank increased their price target on Loblaw Companies from C$137.00 to C$146.00 and gave the company a “sector perform” rating in a research note on Friday, February 23rd. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$153.29.

About Loblaw Companies

Loblaw Companies Limited, a food and pharmacy company, provides grocery, pharmacy and healthcare services, health and beauty products, apparels, general merchandise, financial services, and wireless mobile products and services in Canada. It operates in two segments, Retail and Financial Services. The Retail segment operates corporate and franchise-owned retail food, and associate-owned drug stores.