Douglas Ruckle Sells 369 Shares of The North West Company Inc. (TSE:NWC) Stock

The North West Company Inc. (TSE:NWC) Senior Officer Douglas Ruckle sold 369 shares of the firm’s stock in a transaction dated 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 Price Performance

Shares of TSE NWC traded up C$0.59 during trading on Wednesday, hitting C$52.65. The company had a trading volume of 59,077 shares, compared to its average volume of 68,557. The firm has a market capitalization of C$2.51 billion, a price-to-earnings ratio of 19.15, a price-to-earnings-growth ratio of 1.11 and a beta of 0.64. The North West Company Inc. has a fifty-two week low of C$34.77 and a fifty-two week high of C$52.99. The stock has a fifty day simple moving average of C$48.29 and a two-hundred day simple moving average of C$43.26. The company has a quick ratio of 0.64, a current ratio of 2.22 and a debt-to-equity ratio of 60.00.

North West (TSE:NWC) last released its earnings results on Wednesday, September 4th. The company reported C$0.73 earnings per share for the quarter, beating the consensus estimate 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, 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 firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.04%. 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 is 58.39%.

Wall Street Analysts Forecast Growth

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