Insider Selling: The North West Company Inc. (TSE:NWC) Senior Officer Sells 369 Shares of Stock

The North West Company Inc. (TSE:NWC) Senior Officer Douglas Ruckle sold 369 shares of North West stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of C$51.87, for a total value of C$19,140.03.

North West Stock Up 1.1 %

North West stock traded up C$0.59 during midday trading on Wednesday, reaching C$52.65. The company’s stock had a trading volume of 59,077 shares, compared to its average volume of 68,557. The company has a debt-to-equity ratio of 60.00, a current ratio of 2.22 and a quick ratio of 0.64. The stock has a market capitalization of C$2.51 billion, a P/E ratio of 19.15, a PEG ratio of 1.11 and a beta of 0.64. The stock’s 50-day simple moving average is C$48.29 and its 200-day simple moving average is C$43.26. The North West Company Inc. has a 52-week low of C$34.77 and a 52-week high of C$52.99.

North West (TSE:NWC) last released its earnings results on Wednesday, September 4th. The company reported C$0.73 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 net margin of 5.25% and a return on equity of 19.76%. On average, sell-side analysts expect that The North West Company Inc. will post 3.4924863 EPS for the current year.

North West Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 3.04%. This is an increase from North West’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend was Monday, September 30th. North West’s dividend payout ratio is presently 58.39%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on NWC shares. TD Securities raised their price target on shares of North West from C$52.00 to C$59.00 in a research note on Friday, September 6th. BMO Capital Markets lifted their price target on North West from C$44.00 to C$56.00 in a report on Friday, September 6th. Finally, 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.

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.