North West (TSE:NWC) Reaches New 12-Month High – Still a Buy?

The North West Company Inc. (TSE:NWC)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$53.79 and last traded at C$53.71, with a volume of 28288 shares traded. The stock had previously closed at C$53.16.

Analyst Ratings Changes

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

North West Stock Performance

The company has a current ratio of 2.22, a quick ratio of 0.64 and a debt-to-equity ratio of 60.00. The stock’s 50 day moving average is C$50.63 and its 200 day moving average is C$44.66. The stock has a market capitalization of C$2.66 billion, a price-to-earnings ratio of 19.80, a PEG ratio of 1.11 and a beta of 0.64.

North West (TSE:NWC) last released its quarterly earnings results on Wednesday, September 4th. The company reported C$0.73 earnings per share for the quarter, topping the consensus estimate of C$0.71 by C$0.02. North West had a return on equity of 19.76% and a net margin of 5.25%. The company had revenue of C$646.49 million during the quarter. On average, analysts predict that The North West Company Inc. will post 3.4924863 earnings per share for the current year.

North West Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a $0.40 dividend. The ex-dividend date was Monday, September 30th. This is an increase from North West’s previous quarterly dividend of $0.39. This represents a $1.60 annualized dividend and a yield of 2.88%. North West’s payout ratio is 58.39%.

Insider Activity

In related news, Senior Officer Matthew Johnson sold 1,179 shares of the firm’s stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of C$52.37, for a total value of C$61,744.23. In other North West news, Senior Officer Matthew Johnson sold 1,179 shares of the business’s stock in a transaction dated Friday, October 4th. The stock was sold at an average price of C$52.37, for a total transaction of C$61,744.23. Also, Director George Mcconnell Daniel sold 4,781 shares of the firm’s stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of C$52.80, for a total value of C$252,436.80. Insiders sold a total of 29,365 shares of company stock valued at $1,531,575 over the last quarter. Company insiders own 0.12% of the company’s stock.

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.