Insider Selling: The North West Company Inc. (TSE:NWC) Senior Officer Sells 369 Shares of Stock

The North West Company Inc. (TSE:NWC) Senior Officer Douglas Ruckle sold 369 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of C$51.87, for a total value of C$19,140.03.

North West Stock Down 0.7 %

Shares of TSE NWC opened at C$52.38 on Friday. The company has a quick ratio of 0.64, a current ratio of 2.22 and a debt-to-equity ratio of 60.00. The firm has a market cap of C$2.50 billion, a PE ratio of 19.12, a P/E/G ratio of 1.11 and a beta of 0.64. The company’s fifty day simple moving average is C$48.60 and its 200 day simple moving average is C$43.44. The North West Company Inc. has a 12-month low of C$34.77 and a 12-month high of C$53.06.

North West (TSE:NWC) last released its quarterly earnings data on Wednesday, September 4th. The company reported C$0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.71 by C$0.02. North West had a net margin of 5.25% and a return on equity of 19.76%. The company had revenue of C$646.49 million for the quarter. As a group, sell-side analysts forecast that The North West Company Inc. will post 3.4924863 earnings per share for the current fiscal year.

North West Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date was Monday, September 30th. This is a boost from North West’s previous quarterly dividend of $0.39. North West’s dividend payout ratio (DPR) is 58.39%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on NWC shares. Royal Bank of Canada upped their price objective on shares of North West from C$40.00 to C$47.00 in a research note on Friday, September 6th. BMO Capital Markets upped their price target on shares of North West from C$44.00 to C$56.00 in a research report on Friday, September 6th. Finally, TD Securities lifted their price objective on North West from C$52.00 to C$59.00 in a research report on Friday, September 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.