The North West Company Inc. (TSE:NWC) Senior Officer Sells C$178,847.16 in Stock

The North West Company Inc. (TSE:NWC) Senior Officer Michael Beaulieu sold 3,522 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of C$50.78, for a total value of C$178,847.16.

North West Stock Up 0.2 %

Shares of TSE NWC opened at C$50.15 on Friday. The company has a debt-to-equity ratio of 60.00, a quick ratio of 0.64 and a current ratio of 2.22. The firm has a market capitalization of C$2.39 billion, a price-to-earnings ratio of 18.30, a PEG ratio of 1.11 and a beta of 0.64. The stock has a 50 day moving average price of C$45.87 and a 200 day moving average price of C$41.84. The North West Company Inc. has a 52-week low of C$33.72 and a 52-week high of C$52.23.

North West (TSE:NWC) last announced its quarterly earnings results on Wednesday, September 4th. The company reported C$0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.71 by C$0.02. The firm had revenue of C$646.49 million during the quarter. North West had a return on equity of 19.76% and a net margin of 5.25%. Sell-side analysts expect that The North West Company Inc. will post 3.4255464 earnings per share for the current year.

North West Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a $0.40 dividend. This is an increase from North West’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.60 dividend on an annualized basis and a yield of 3.19%. North West’s payout ratio is 58.39%.

Analyst Ratings Changes

Several brokerages have issued reports on NWC. Royal Bank of Canada boosted their target price on North West from C$40.00 to C$47.00 in a research report on Friday, September 6th. TD Securities boosted their target price on North West from C$52.00 to C$59.00 in a research report on Friday, September 6th. BMO Capital Markets boosted their target price on North West from C$44.00 to C$56.00 in a research report on Friday, September 6th. Finally, CIBC boosted their price target on North West from C$43.00 to C$44.00 and gave the company a “neutral” rating in a report on Thursday, June 6th.

North West Company Profile

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.