Insider Selling: Loblaw Companies Limited (TSE:L) Senior Officer Sells 2,200 Shares of Stock

Loblaw Companies Limited (TSE:L) Senior Officer Jeffrey Francis Leger sold 2,200 shares of the company’s stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of C$225.00, for a total transaction of C$495,000.00.

Jeffrey Francis Leger also recently made the following trade(s):

• On Monday, May 5th, Jeffrey Francis Leger sold 2,000 shares of Loblaw Companies stock. The shares were sold at an average price of C$227.50, for a total transaction of C$455,000.00.

Loblaw Companies Stock Performance

Shares of TSE L opened at C$224.37 on Friday. The company’s fifty day moving average price is C$210.63 and its 200 day moving average price is C$193.81. Loblaw Companies Limited has a 1 year low of C$152.39 and a 1 year high of C$229.56. The company has a market capitalization of C$67.84 billion, a PE ratio of 30.45, a price-to-earnings-growth ratio of 3.23 and a beta of 0.17. The company has a debt-to-equity ratio of 166.11, a quick ratio of 0.68 and a current ratio of 1.29.

Loblaw Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, April 1st were issued a dividend of $0.513 per share. This represents a $2.05 annualized dividend and a yield of 0.91%. The ex-dividend date was Friday, March 14th. Loblaw Companies’s payout ratio is 27.83%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on L shares. UBS Group upped their price objective on shares of Loblaw Companies from C$210.00 to C$253.00 in a report on Thursday, May 1st. National Bankshares increased their price target on shares of Loblaw Companies from C$207.00 to C$234.00 and gave the stock an “outperform” rating in a report on Thursday, May 1st. Scotiabank increased their price target on shares of Loblaw Companies from C$215.00 to C$245.00 and gave the stock an “outperform” rating in a report on Thursday, May 1st. Desjardins increased their price target on shares of Loblaw Companies from C$185.00 to C$230.00 and gave the stock a “hold” rating in a report on Thursday, May 1st. Finally, Royal Bank of Canada increased their price target on shares of Loblaw Companies from C$215.00 to C$234.00 in a report on Monday, April 14th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Loblaw Companies has an average rating of “Moderate Buy” and a consensus price target of C$236.88.

About Loblaw Companies

Loblaw is one of Canada’s largest grocery, pharmacy, and general merchandise retailers, operating the most expansive store footprint in Ontario and maintaining sizable presences in provinces like Quebec and British Columbia. Key grocery banners include Loblaw, No Frills, and Maxi, while its pharmaceutical operations are the product of its 2014 acquisition of Shoppers Drug Mart.