The North West Company Inc. (TSE:NWC) Senior Officer Sells C$240,451.20 in Stock

The North West Company Inc. (TSE:NWC) Senior Officer John King sold 4,554 shares of the company’s stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of C$52.80, for a total value of C$240,451.20.

North West Trading Up 0.9 %

Shares of TSE:NWC opened at C$54.24 on Thursday. 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 North West Company Inc. has a 1 year low of C$34.77 and a 1 year high of C$54.45. The company has a market cap of C$2.59 billion, a P/E ratio of 19.80, a PEG ratio of 1.11 and a beta of 0.64. The stock’s fifty day moving average price is C$50.63 and its 200-day moving average price is C$44.66.

North West (TSE:NWC) last posted its earnings results on Wednesday, September 4th. The company reported C$0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.71 by C$0.02. North West had a net margin of 5.25% and a return on equity of 19.76%. The business had revenue of C$646.49 million for the quarter. Sell-side analysts expect that The North West Company Inc. will post 3.4924863 earnings per share for the current year.

North West Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a $0.40 dividend. The ex-dividend date was Monday, September 30th. This represents a $1.60 annualized dividend and a yield of 2.95%. This is a boost from North West’s previous quarterly dividend of $0.39. North West’s dividend payout ratio (DPR) is currently 58.39%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. TD Securities increased their target price on North West from C$52.00 to C$59.00 in a research note on Friday, September 6th. Royal Bank of Canada increased their price objective on shares of North West from C$40.00 to C$47.00 in a research report on Friday, September 6th. Finally, BMO Capital Markets lifted their target price on shares of North West from C$44.00 to C$56.00 in a report on Friday, September 6th.

About North West

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.