Matthew Johnson Sells 1,179 Shares of The North West Company Inc. (TSE:NWC) Stock

The North West Company Inc. (TSE:NWC) Senior Officer Matthew Johnson sold 1,179 shares of North West stock in a transaction on Friday, October 4th. The shares were sold at an average price of C$52.37, for a total transaction of C$61,744.23.

North West Price Performance

Shares of TSE NWC opened at C$52.06 on Friday. The company has a quick ratio of 0.64, a current ratio of 2.22 and a debt-to-equity ratio of 60.00. The business’s 50 day moving average price is C$47.82 and its two-hundred day moving average price is C$42.97. The company has a market cap of C$2.48 billion, a PE ratio of 19.00, a price-to-earnings-growth ratio of 1.11 and a beta of 0.64. The North West Company Inc. has a twelve month low of C$34.77 and a twelve month high of C$52.79.

North West (TSE:NWC) last posted its earnings results on Wednesday, September 4th. The company reported C$0.73 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of C$646.49 million for the quarter. On average, analysts predict that The North West Company Inc. will post 3.4924863 EPS for the current year.

North West Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be given a $0.40 dividend. The ex-dividend date is Monday, September 30th. This is a positive change from North West’s previous quarterly dividend of $0.39. This represents a $1.60 annualized dividend and a dividend yield of 3.07%. North West’s dividend payout ratio is presently 58.39%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on NWC. Royal Bank of Canada lifted their target price on North West from C$40.00 to C$47.00 in a research report on Friday, September 6th. TD Securities boosted their price target on North West from C$52.00 to C$59.00 in a research report on Friday, September 6th. Finally, BMO Capital Markets raised their target price on shares of North West from C$44.00 to C$56.00 in a research note 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.