Insider Selling: The North West Company Inc. (TSE:NWC) Senior Officer Sells C$100,020.33 in Stock

The North West Company Inc. (TSE:NWC) Senior Officer Cole James Ashley Akerstream sold 1,899 shares of the stock in a transaction on Friday, October 11th. The stock was sold at an average price of C$52.67, for a total value of C$100,020.33.

North West Trading Down 0.3 %

TSE:NWC opened at C$52.20 on Friday. The company has a market capitalization of C$2.49 billion, a PE ratio of 19.05, a price-to-earnings-growth ratio of 1.11 and a beta of 0.64. The North West Company Inc. has a 52-week low of C$34.77 and a 52-week high of C$53.06. The stock has a fifty day simple moving average of C$48.76 and a 200-day simple moving average of C$43.53. 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 announced its quarterly 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. The company had revenue of C$646.49 million for the quarter. North West had a net margin of 5.25% and a return on equity of 19.76%. On average, equities research analysts expect that The North West Company Inc. will post 3.4924863 earnings per share for the current fiscal 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 issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 3.07%. The ex-dividend date was Monday, September 30th. This is a boost from North West’s previous quarterly dividend of $0.39. North West’s dividend payout ratio is 58.39%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on NWC. BMO Capital Markets upped their price target 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 target price 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 lifted their price target on shares of North West from C$40.00 to C$47.00 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.