Simon Roberts Sells 189,648 Shares of J Sainsbury plc (LON:SBRY) Stock

J Sainsbury plc (LON:SBRY) insider Simon Roberts sold 189,648 shares of the company’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of GBX 263 ($3.30), for a total transaction of £498,774.24 ($626,522.10).

J Sainsbury Price Performance

LON:SBRY opened at GBX 265.40 ($3.33) on Friday. The company has a 50 day moving average price of GBX 259.14 and a 200-day moving average price of GBX 270.67. J Sainsbury plc has a 1-year low of GBX 243.80 ($3.06) and a 1-year high of GBX 311.16 ($3.91). The firm has a market cap of £6.29 billion, a price-to-earnings ratio of 4,423.33, a price-to-earnings-growth ratio of 0.37 and a beta of 0.66. The company has a debt-to-equity ratio of 96.62, a current ratio of 0.66 and a quick ratio of 0.53.

J Sainsbury Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, July 12th. Shareholders of record on Thursday, June 6th will be issued a GBX 9.20 ($0.12) dividend. This is a boost from J Sainsbury’s previous dividend of $3.90. The ex-dividend date is Thursday, June 6th. This represents a yield of 3.43%. J Sainsbury’s payout ratio is presently 21,666.67%.

Wall Street Analyst Weigh In

Several research firms have commented on SBRY. Shore Capital reaffirmed a “house stock” rating on shares of J Sainsbury in a report on Friday, April 19th. Jefferies Financial Group upgraded J Sainsbury to a “buy” rating and set a GBX 300 ($3.77) target price on the stock in a research note on Monday, April 22nd. One analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of GBX 281.67 ($3.54).

About J Sainsbury

J Sainsbury plc, together with its subsidiaries, engages in the food, general merchandise and clothing retailing, and financial services activities in the United Kingdom and the Republic of Ireland. It operates through three segments: Retail Food, Retail General Merchandise and Clothing, and Financial Services.