Richard Dufresne Sells 25,783 Shares of Loblaw Companies Limited (TSE:L) Stock

Loblaw Companies Limited (TSE:L) Director Richard Dufresne sold 25,783 shares of the company’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of C$186.55, for a total value of C$4,809,847.01.

Loblaw Companies Stock Up 1.7 %

L stock opened at C$187.43 on Thursday. The company has a debt-to-equity ratio of 166.11, a current ratio of 1.29 and a quick ratio of 0.68. The company has a market cap of C$56.67 billion, a price-to-earnings ratio of 25.44, a price-to-earnings-growth ratio of 3.23 and a beta of 0.17. Loblaw Companies Limited has a 12 month low of C$141.59 and a 12 month high of C$196.49. The company has a fifty day moving average price of C$183.23 and a 200 day moving average price of C$181.04.

Loblaw Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, April 1st will be issued a dividend of $0.513 per share. This represents a $2.05 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date is Friday, March 14th. Loblaw Companies’s dividend payout ratio is currently 27.83%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on L. Royal Bank of Canada boosted their target price on Loblaw Companies from C$205.00 to C$217.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. UBS Group reduced their price objective on shares of Loblaw Companies from C$225.00 to C$210.00 in a research report on Friday, February 21st. TD Securities dropped their target price on shares of Loblaw Companies from C$202.00 to C$195.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. Scotiabank downgraded shares of Loblaw Companies from an “outperform” rating to a “sector perform” rating and set a C$200.00 price objective for the company. in a research note on Wednesday, January 8th. Finally, National Bankshares raised their price objective on Loblaw Companies from C$188.00 to C$195.00 in a report on Thursday, November 14th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of C$199.38.

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.