The North West Company Inc. (TSE:NWC) Senior Officer Sells C$178,847.16 in Stock

The North West Company Inc. (TSE:NWC) Senior Officer Michael Beaulieu sold 3,522 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of C$50.78, for a total value of C$178,847.16.

North West Trading Up 0.2 %

Shares of North West stock opened at C$50.15 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 North West Company Inc. has a twelve month low of C$33.72 and a twelve month high of C$52.23. The business has a 50-day moving average price of C$45.87 and a 200-day moving average price of C$41.84. The firm has a market cap of C$2.39 billion, a price-to-earnings ratio of 18.30, a PEG ratio of 1.11 and a beta of 0.64.

North West (TSE:NWC) last announced its quarterly 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. North West had a net margin of 5.25% and a return on equity of 19.76%. The firm had revenue of C$646.49 million during the quarter. Equities research analysts anticipate that The North West Company Inc. will post 3.4255464 EPS for the current fiscal year.

North West Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be issued a $0.40 dividend. This is an increase from North West’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.19%. North West’s dividend payout ratio (DPR) is presently 58.39%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on NWC shares. CIBC increased their price target on North West from C$43.00 to C$44.00 and gave the stock a “neutral” rating in a research note on Thursday, June 6th. Royal Bank of Canada raised their price objective on North West from C$40.00 to C$47.00 in a research report on Friday, September 6th. BMO Capital Markets raised their price objective on North West from C$44.00 to C$56.00 in a research report on Friday, September 6th. Finally, TD Securities raised their price objective on North West from C$52.00 to C$59.00 in a research report 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.