Insider Selling: The North West Company Inc. (TSE:NWC) Senior Officer Sells 767 Shares of Stock

The North West Company Inc. (TSE:NWCGet Free Report) Senior Officer Walter Pickett sold 767 shares of North West stock in a transaction on Monday, June 10th. The stock was sold at an average price of C$42.64, for a total transaction of C$32,704.88.

North West Stock Down 0.8 %

TSE:NWC opened at C$42.76 on Monday. The company has a market cap of C$2.03 billion, a PE ratio of 16.01, a PEG ratio of 1.11 and a beta of 0.62. The stock has a 50-day simple moving average of C$39.21 and a 200 day simple moving average of C$39.18. The company has a debt-to-equity ratio of 57.45, a quick ratio of 0.64 and a current ratio of 2.01. The North West Company Inc. has a 52-week low of C$29.58 and a 52-week high of C$43.79.

North West (TSE:NWCGet Free Report) last issued its quarterly earnings results on Wednesday, April 10th. The company reported C$0.71 earnings per share for the quarter. The company had revenue of C$643.11 million during the quarter. North West had a net margin of 5.23% and a return on equity of 19.84%. On average, sell-side analysts expect that The North West Company Inc. will post 3.3474801 EPS for the current fiscal year.

North West Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be paid a $0.39 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $1.56 annualized dividend and a yield of 3.65%. North West’s payout ratio is currently 58.43%.

Analysts Set New Price Targets

Several research firms have weighed in on NWC. CIBC lifted their target price on North West from C$43.00 to C$44.00 and gave the stock a “neutral” rating in a report on Thursday, June 6th. TD Securities boosted their price objective on North West from C$45.00 to C$47.00 and gave the company a “buy” rating in a research report on Thursday, June 6th. BMO Capital Markets increased their target price on North West from C$41.00 to C$44.00 in a research note on Thursday, June 6th. Jefferies Financial Group lifted their price target on shares of North West from C$41.00 to C$43.00 and gave the company a “neutral” rating in a research note on Friday, April 12th. Finally, Royal Bank of Canada increased their price objective on shares of North West from C$38.00 to C$40.00 in a research report on Thursday, April 11th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of C$43.60.

Get Our Latest Stock Analysis on NWC

North West Company Profile

(Get Free Report)

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.

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