Loblaw Companies Limited (TSE:L) Director Richard Dufresne Sells 5,000 Shares

Loblaw Companies Limited (TSE:LGet Rating) Director Richard Dufresne sold 5,000 shares of the firm’s stock in a transaction on Wednesday, June 15th. The stock was sold at an average price of C$112.55, for a total value of C$562,772.00. Following the completion of the transaction, the director now directly owns 5,884 shares of the company’s stock, valued at C$662,270.09.

L traded down C$0.89 during midday trading on Friday, reaching C$109.74. The company had a trading volume of 1,332,271 shares, compared to its average volume of 604,199. The company has a quick ratio of 0.77, a current ratio of 1.39 and a debt-to-equity ratio of 142.06. The business has a 50-day moving average of C$114.85 and a two-hundred day moving average of C$107.29. The company has a market cap of C$36.53 billion and a P/E ratio of 18.87. Loblaw Companies Limited has a 1 year low of C$74.36 and a 1 year high of C$119.58.

Loblaw Companies (TSE:LGet Rating) last issued its quarterly earnings results on Wednesday, May 4th. The company reported C$1.36 EPS for the quarter, topping analysts’ consensus estimates of C$1.31 by C$0.05. The company had revenue of C$12.26 billion during the quarter, compared to analysts’ expectations of C$12.36 billion. On average, equities research analysts predict that Loblaw Companies Limited will post 7.0399996 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 1st. Investors of record on Wednesday, June 15th will be given a dividend of $0.405 per share. The ex-dividend date of this dividend is Tuesday, June 14th. This represents a $1.62 annualized dividend and a dividend yield of 1.48%. This is a boost from Loblaw Companies’s previous quarterly dividend of $0.37. Loblaw Companies’s dividend payout ratio (DPR) is currently 24.39%.

L has been the subject of a number of recent research reports. CIBC boosted their target price on Loblaw Companies from C$116.00 to C$120.00 and gave the stock an “outperform” rating in a research report on Friday, February 25th. TD Securities boosted their target price on Loblaw Companies from C$115.00 to C$125.00 and gave the company a “buy” rating in a research note on Tuesday, March 15th. National Bankshares boosted their target price on Loblaw Companies from C$120.00 to C$122.00 and gave the company an “outperform” rating in a research note on Thursday, May 5th. Scotiabank upped their price target on Loblaw Companies from C$112.00 to C$116.00 in a research note on Tuesday, March 15th. Finally, Royal Bank of Canada upped their price target on Loblaw Companies from C$120.00 to C$133.00 and gave the company an “outperform” rating in a report on Thursday, April 28th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Loblaw Companies currently has a consensus rating of “Buy” and a consensus price target of C$112.50.

About Loblaw Companies (Get Rating)

Loblaw Companies Limited, a food and pharmacy company, engages in the grocery, pharmacy, health and beauty, apparel, general merchandise, financial services, and wireless mobile products and services businesses 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.

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