Empire Company Limited (TSE:EMP.A) Senior Officer Matthew Reindel Sells 217 Shares

Empire Company Limited (TSE:EMP.A) Senior Officer Matthew Reindel sold 217 shares of Empire stock in a transaction on Friday, March 21st. The shares were sold at an average price of C$46.10, for a total transaction of C$10,003.70.

Matthew Reindel also recently made the following trade(s):

• On Monday, March 17th, Matthew Reindel sold 767 shares of Empire stock. The stock was sold at an average price of C$44.11, for a total value of C$33,832.37.

Empire Stock Performance

Shares of TSE:EMP.A opened at C$46.43 on Wednesday. The company has a market cap of C$6.52 billion, a P/E ratio of 16.95, a PEG ratio of 16.20 and a beta of 0.48. Empire Company Limited has a one year low of C$31.45 and a one year high of C$46.91. The business’s 50-day simple moving average is C$43.64 and its 200 day simple moving average is C$42.20. The company has a debt-to-equity ratio of 135.51, a quick ratio of 0.29 and a current ratio of 0.79.

Empire Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 31st were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Wednesday, January 15th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.72%. Empire’s payout ratio is currently 29.20%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on EMP.A shares. Desjardins boosted their price target on Empire from C$47.00 to C$50.00 in a research report on Sunday, December 15th. TD Securities boosted their target price on Empire from C$44.00 to C$48.00 and gave the stock a “hold” rating in a report on Friday, December 13th. Scotiabank raised shares of Empire from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from C$47.00 to C$49.00 in a research report on Friday, March 14th. CIBC lifted their price target on shares of Empire from C$47.00 to C$55.00 in a research report on Friday, December 13th. Finally, BMO Capital Markets increased their price objective on shares of Empire from C$44.00 to C$48.00 in a research report on Friday, December 13th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Empire has an average rating of “Hold” and a consensus target price of C$48.86.

About Empire

Empire Co Ltd key businesses are food retailing, investments, and other operations. The food retailing division operates through Empire’s subsidiary Sobeys and represents nearly all of the company’s income. This segment owns, affiliates, or franchises more than 1,500 stores in 10 provinces, under retail banners including Sobeys, Safeway, IGA, Foodland, FreshCo, Thrifty Foods, Lawton’s Drug Stores, and multiple retail fuel locations.