Matthew Reindel Sells 767 Shares of Empire Company Limited (TSE:EMP.A) Stock

Empire Company Limited (TSE:EMP.A) Senior Officer Matthew Reindel sold 767 shares of the business’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of C$44.11, for a total transaction of C$33,832.37.

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

• On Thursday, December 19th, Matthew Reindel sold 4,587 shares of Empire stock. The stock was sold at an average price of C$43.81, for a total transaction of C$200,956.47.

Empire Trading Up 1.9 %

Empire stock traded up C$0.83 during trading hours on Wednesday, reaching C$44.82. The company had a trading volume of 290,180 shares, compared to its average volume of 524,721. The company has a debt-to-equity ratio of 135.51, a current ratio of 0.79 and a quick ratio of 0.29. Empire Company Limited has a 12-month low of C$31.45 and a 12-month high of C$46.77. The company has a 50-day moving average price of C$43.39 and a 200 day moving average price of C$41.92. The firm has a market cap of C$6.29 billion, a price-to-earnings ratio of 16.36, a P/E/G ratio of 16.20 and a beta of 0.48.

Empire Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 31st were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.78%. The ex-dividend date was Wednesday, January 15th. Empire’s payout ratio is 29.20%.

Wall Street Analysts Forecast Growth

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

Empire Company Profile

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.