Loblaw Companies Limited (TSE:L) Senior Officer Kieran Barry Columb Sells 7,000 Shares

Loblaw Companies Limited (TSE:L – Get Rating) Senior Officer Kieran Barry Columb sold 7,000 shares of the firm’s stock in a transaction on Friday, July 29th. The shares were sold at an average price of C$120.00, for a total transaction of C$840,000.00. Following the completion of the transaction, the insider now directly owns 32,021 shares of the company’s stock, valued at C$3,842,520.

Loblaw Companies Stock Down 1.6 %

Shares of L opened at C$116.52 on Friday. The company has a market cap of C$38.18 billion and a PE ratio of 19.68. The business has a fifty day moving average of C$116.21 and a 200 day moving average of C$111.25. Loblaw Companies Limited has a 52-week low of C$83.32 and a 52-week high of C$123.18. The company has a quick ratio of 0.71, a current ratio of 1.35 and a debt-to-equity ratio of 147.69.

Loblaw Companies (TSE:L – Get Rating) last released its earnings results on Wednesday, July 27th. The company reported C$1.69 earnings per share for the quarter, topping the consensus estimate of C$1.62 by C$0.07. The business had revenue of C$12.85 billion for the quarter, compared to the consensus estimate of C$12.95 billion. On average, sell-side analysts expect that Loblaw Companies Limited will post 7.13 EPS for the current year.

Loblaw Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Saturday, October 1st. Stockholders of record on Thursday, September 15th will be given a dividend of $0.405 per share. The ex-dividend date is Wednesday, September 14th. This represents a $1.62 annualized dividend and a dividend yield of 1.39%. Loblaw Companies’s dividend payout ratio (DPR) is 25.34%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Desjardins raised their target price on shares of Loblaw Companies from C$116.00 to C$124.00 in a report on Thursday, July 28th. BMO Capital Markets raised their target price on shares of Loblaw Companies from C$118.00 to C$123.00 in a report on Thursday, July 28th. Scotiabank raised their target price on shares of Loblaw Companies from C$116.00 to C$118.00 in a report on Thursday, July 28th. CIBC raised their target price on shares of Loblaw Companies from C$129.00 to C$136.00 in a report on Thursday, July 28th. Finally, National Bankshares raised their price target on Loblaw Companies from C$125.00 to C$127.00 and gave the stock an “outperform” rating in a research report on Thursday, July 28th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$123.78.

Loblaw Companies Company Profile

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Loblaw Companies Limited, a food and pharmacy company, engages in the grocery, pharmacy, health and beauty, apparel, general merchandise, financial services, and wireless mobile products and services businesses in Canada. It operates in two segments, Retail and Financial Services. The Retail segment operates corporate and franchise-owned retail food, and associate-owned drug stores.