Canadian Tire (TSE:CTC) Trading Down 0.3% – Time to Sell?

Canadian Tire Co., Limited (TSE:CTC)’s share price was down 0.3% during trading on Thursday . The stock traded as low as C$222.75 and last traded at C$222.75. Approximately 520 shares traded hands during trading, an increase of 43% from the average daily volume of 363 shares. The stock had previously closed at C$223.50.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Royal Bank of Canada downgraded shares of Canadian Tire from a “moderate buy” rating to a “hold” rating in a research note on Friday, November 8th. TD Securities upgraded Canadian Tire from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 9th.

Canadian Tire Stock Down 0.3 %

The company has a debt-to-equity ratio of 173.58, a quick ratio of 1.15 and a current ratio of 1.79. The stock has a market capitalization of C$761.81 million, a P/E ratio of 32.52, a P/E/G ratio of 0.49 and a beta of 1.33. The company’s 50-day moving average price is C$227.45 and its 200 day moving average price is C$225.74.

Canadian Tire Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Friday, January 31st will be issued a $1.775 dividend. This represents a $7.10 annualized dividend and a dividend yield of 3.19%. The ex-dividend date of this dividend is Friday, January 31st. This is an increase from Canadian Tire’s previous quarterly dividend of $1.75. Canadian Tire’s payout ratio is 102.19%.

Canadian Tire Company Profile

Canadian Tire Corporation, Limited provides a range of retail goods and services in Canada. It operates in three segments: Retail, CT REIT, and Financial Services. The Retail segment retails automotive maintenance products and accessories, parts, and tires, as well as automotive services and roadside assistance; electrical, hardware, home environment, paint, plumbing, and tool products; cleaning, food & drink, home décor, home essentials, home organization, kitchen, and pet care products; camping, exercise, hockey, hunting, fishing, seasonal recreation, and team sports and golf products; and backyard living, backyard fun, cycling, gardening, outdoor tools, seasonal, and toy products.