North West (TSE:NWC) Reaches New 52-Week High – Here’s Why

Shares of The North West Company Inc. (TSE:NWC) reached a new 52-week high on Tuesday . The company traded as high as C$53.79 and last traded at C$53.71, with a volume of 28288 shares traded. The stock had previously closed at C$53.16.

Analysts Set New Price Targets

Several research analysts have weighed in on NWC shares. Royal Bank of Canada raised their price objective on shares of North West from C$40.00 to C$47.00 in a report on Friday, September 6th. BMO Capital Markets boosted their price objective on North West from C$44.00 to C$56.00 in a report on Friday, September 6th. Finally, TD Securities increased their target price on North West from C$52.00 to C$59.00 in a report on Friday, September 6th.

North West Price Performance

The company has a debt-to-equity ratio of 60.00, a quick ratio of 0.64 and a current ratio of 2.22. The company’s fifty day moving average price is C$50.63 and its 200 day moving average price is C$44.66. The firm has a market capitalization of C$2.66 billion, a price-to-earnings ratio of 19.80, a price-to-earnings-growth ratio of 1.11 and a beta of 0.64.

North West (TSE:NWC) last issued its earnings results on Wednesday, September 4th. The company reported C$0.73 EPS for the quarter, beating 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 return on equity of 19.76% and a net margin of 5.25%. Equities research 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. Shareholders of record on Monday, September 30th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.88%. This is a boost from North West’s previous quarterly dividend of $0.39. The ex-dividend date was Monday, September 30th. North West’s dividend payout ratio (DPR) is presently 58.39%.

Insider Activity

In other North West news, Senior Officer David Michael Chatyrbok sold 3,000 shares of the company’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of C$51.65, for a total value of C$154,950.00. In other news, Senior Officer David Michael Chatyrbok sold 3,000 shares of the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of C$51.65, for a total value of C$154,950.00. Also, Senior Officer Cole James Ashley Akerstream sold 1,899 shares of the firm’s stock in a transaction on Friday, October 11th. The shares were sold at an average price of C$52.67, for a total value of C$100,020.33. Over the last quarter, insiders sold 29,365 shares of company stock valued at $1,531,575. 0.12% of the stock is currently owned by company insiders.

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.