The North West Company Inc. (TSE:NWC) Senior Officer Sells C$154,950.00 in Stock

The North West Company Inc. (TSE:NWC) Senior Officer David Michael Chatyrbok sold 3,000 shares of North West stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of C$51.65, for a total transaction of C$154,950.00.

North West Stock Performance

Shares of TSE NWC opened at C$50.15 on Friday. The North West Company Inc. has a 12-month low of C$33.72 and a 12-month high of C$52.23. The company has a market cap of C$2.39 billion, a PE ratio of 18.30, a P/E/G ratio of 1.11 and a beta of 0.64. The stock has a 50 day simple moving average of C$45.87 and a 200-day simple moving average of C$41.84. The company has a current ratio of 2.22, a quick ratio of 0.64 and a debt-to-equity ratio of 60.00.

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, topping analysts’ consensus estimates of C$0.71 by C$0.02. The company 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%. On average, equities research analysts forecast that The North West Company Inc. will post 3.4255464 EPS for the current year.

North West Increases Dividend

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

Analysts Set New Price Targets

A number of equities analysts have commented on the company. CIBC lifted their target price on North West from C$43.00 to C$44.00 and gave the company a “neutral” rating in a research note on Thursday, June 6th. Royal Bank of Canada upped their price objective on North West from C$40.00 to C$47.00 in a research note on Friday, September 6th. TD Securities increased their target price on North West from C$52.00 to C$59.00 in a research report on Friday, September 6th. Finally, BMO Capital Markets boosted their price target on shares of North West from C$44.00 to C$56.00 in a 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.