Loblaw Companies (TSE:L) Sets New 1-Year High at $177.02

Loblaw Companies Limited (TSE:L) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$177.02 and last traded at C$176.95, with a volume of 42078 shares trading hands. The stock had previously closed at C$176.06.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on L. CIBC raised their target price on shares of Loblaw Companies from C$171.00 to C$189.00 in a research report on Friday, July 26th. BMO Capital Markets raised their price target on Loblaw Companies from C$160.00 to C$180.00 in a report on Friday, July 26th. TD Securities upped their price objective on Loblaw Companies from C$172.00 to C$186.00 and gave the company a “buy” rating in a research note on Monday, July 22nd. Desjardins upped their price target on Loblaw Companies from C$157.00 to C$172.00 and gave the stock a “hold” rating in a research note on Tuesday, July 23rd. Finally, National Bankshares increased their price target on Loblaw Companies from C$159.00 to C$175.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$176.43.

Loblaw Companies Trading Up 0.5 %

The company has a current ratio of 1.36, a quick ratio of 0.68 and a debt-to-equity ratio of 163.32. The business has a 50 day moving average of C$169.70 and a 200-day moving average of C$158.89. The stock has a market cap of C$53.92 billion, a PE ratio of 26.75, a price-to-earnings-growth ratio of 2.53 and a beta of 0.17.

Loblaw Companies (TSE:L) last posted its quarterly earnings results on Thursday, July 25th. The company reported C$2.15 earnings per share for the quarter, topping analysts’ consensus estimates of C$2.14 by C$0.01. Loblaw Companies had a net margin of 3.46% and a return on equity of 19.22%. The company had revenue of C$13.95 billion for the quarter, compared to the consensus estimate of C$14.07 billion. On average, analysts anticipate that Loblaw Companies Limited will post 9.4554243 EPS for the current year.

Loblaw Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Tuesday, October 1st will be given a dividend of $0.513 per share. This represents a $2.05 annualized dividend and a yield of 1.16%. The ex-dividend date is Friday, September 13th. Loblaw Companies’s dividend payout ratio (DPR) is presently 31.06%.

Insider Buying and Selling at Loblaw Companies

In other news, Senior Officer Nicholas Henn sold 164 shares of the company’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of C$165.15, for a total value of C$27,084.39. In other news, Senior Officer Nicholas Henn sold 164 shares of the business’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of C$165.15, for a total transaction of C$27,084.39. Also, Senior Officer Kieran Barry Columb sold 32,500 shares of the stock in a transaction dated Friday, June 14th. The stock was sold at an average price of C$156.01, for a total transaction of C$5,070,380.25. Insiders sold a total of 32,960 shares of company stock valued at $5,146,349 in the last ninety days. Insiders own 53.53% of the company’s stock.

Loblaw Companies Company Profile

Loblaw Companies Limited, a food and pharmacy company, provides grocery, pharmacy and healthcare services, health and beauty products, apparels, general merchandise, financial services, and wireless mobile products and services 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.