Matthew Reindel Sells 217 Shares of Empire Company Limited (TSE:EMP.A) Stock

Empire Company Limited (TSE:EMP.A) Senior Officer Matthew Reindel sold 217 shares of the stock in a transaction on Friday, March 21st. The stock was sold at an average price of C$46.10, for a total value of C$10,003.70.

Matthew Reindel also recently made the following trade(s):

• On Monday, March 24th, Matthew Reindel sold 1,852 shares of Empire stock. The stock was sold at an average price of C$46.16, for a total transaction of C$85,488.32.
• On Monday, March 17th, Matthew Reindel sold 767 shares of Empire stock. The shares were sold at an average price of C$44.11, for a total transaction of C$33,832.37.

Empire Stock Down 1.2 %

EMP.A stock opened at C$45.89 on Thursday. The stock has a market capitalization of C$6.44 billion, a P/E ratio of 16.75, a price-to-earnings-growth ratio of 16.20 and a beta of 0.48. The company has a current ratio of 0.79, a quick ratio of 0.29 and a debt-to-equity ratio of 135.51. The firm has a 50-day moving average price of C$43.71 and a 200-day moving average price of C$42.23. Empire Company Limited has a 12 month low of C$31.45 and a 12 month high of C$46.91.

Empire Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 31st were paid a dividend of $0.20 per share. The ex-dividend date was Wednesday, January 15th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.74%. Empire’s payout ratio is presently 29.20%.

Analysts Set New Price Targets

Several brokerages have weighed in on EMP.A. BMO Capital Markets lifted their price objective on Empire from C$44.00 to C$48.00 in a report on Friday, December 13th. Scotiabank raised Empire from a “sector perform” rating to an “outperform” rating and boosted their price target for the company from C$47.00 to C$49.00 in a research note on Friday, March 14th. TD Securities increased their price objective on shares of Empire from C$44.00 to C$48.00 and gave the stock a “hold” rating in a research note on Friday, December 13th. Desjardins upped their price target on shares of Empire from C$47.00 to C$50.00 in a report on Sunday, December 15th. Finally, CIBC increased their price target on shares of Empire from C$47.00 to C$55.00 in a research report on Friday, December 13th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of C$48.86.

Empire Company Profile

Empire Co Ltd key businesses are food retailing, investments, and other operations. The food retailing division operates through Empire’s subsidiary Sobeys and represents nearly all of the company’s income. This segment owns, affiliates, or franchises more than 1,500 stores in 10 provinces, under retail banners including Sobeys, Safeway, IGA, Foodland, FreshCo, Thrifty Foods, Lawton’s Drug Stores, and multiple retail fuel locations.