Empire Company Limited (TSE:EMP.A) Senior Officer Matthew Reindel Sells 217 Shares

Empire Company Limited (TSE:EMP.A) Senior Officer Matthew Reindel sold 217 shares of the firm’s stock in a transaction dated Friday, March 21st. The stock was sold at an average price of C$46.10, for a total value of C$10,003.70.

Matthew Reindel also recently made the following trade(s):

• On Monday, March 17th, Matthew Reindel sold 767 shares of Empire stock. The shares were sold at an average price of C$44.11, for a total value of C$33,832.37.

Empire Trading Up 0.3 %

Shares of TSE EMP.A traded up C$0.14 during midday trading on Tuesday, reaching C$46.52. 45,227 shares of the stock were exchanged, compared to its average volume of 549,139. The company has a current ratio of 0.79, a quick ratio of 0.29 and a debt-to-equity ratio of 135.51. The company has a market capitalization of C$6.53 billion, a P/E ratio of 16.98, a P/E/G ratio of 16.20 and a beta of 0.48. The stock has a 50 day moving average price of C$43.56 and a 200-day moving average price of C$42.14. Empire Company Limited has a 52-week low of C$31.45 and a 52-week high of C$46.91.

Empire Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 31st were given a $0.20 dividend. The ex-dividend date was Wednesday, January 15th. This represents a $0.80 annualized dividend and a dividend yield of 1.72%. Empire’s dividend payout ratio is presently 29.20%.

Wall Street Analyst Weigh In

EMP.A has been the subject of several recent analyst reports. Desjardins raised their target price on shares of Empire from C$47.00 to C$50.00 in a research note on Sunday, December 15th. Scotiabank upgraded shares of Empire from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from C$47.00 to C$49.00 in a research report on Friday, March 14th. BMO Capital Markets increased their target price on Empire from C$44.00 to C$48.00 in a research note on Friday, December 13th. TD Securities boosted their price objective on shares of Empire from C$44.00 to C$48.00 and gave the stock a “hold” rating in a report on Friday, December 13th. Finally, CIBC boosted their price target on Empire from C$47.00 to C$55.00 in a research note on Friday, December 13th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Empire presently has an average rating of “Hold” and an average price target of C$48.86.

About Empire

Empire Co Ltd key businesses are food retailing, investments, and other operations. The food retailing division operates through Empire’s subsidiary Sobeys and represents nearly all of the company’s income. This segment owns, affiliates, or franchises more than 1,500 stores in 10 provinces, under retail banners including Sobeys, Safeway, IGA, Foodland, FreshCo, Thrifty Foods, Lawton’s Drug Stores, and multiple retail fuel locations.