Insider Selling: The North West Company Inc. (TSE:NWC) Senior Officer Sells 3,522 Shares of Stock

The North West Company Inc. (TSE:NWC) Senior Officer Michael Beaulieu sold 3,522 shares of North West stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of C$50.78, for a total value of C$178,847.16.

North West Stock Down 0.1 %

NWC stock traded down C$0.06 during midday trading on Wednesday, hitting C$50.48. The company’s stock had a trading volume of 68,181 shares, compared to its average volume of 66,436. The North West Company Inc. has a 12 month low of C$33.72 and a 12 month high of C$52.23. The firm’s 50-day moving average is C$45.34 and its 200-day moving average is C$41.65. The company has a current ratio of 2.22, a quick ratio of 0.64 and a debt-to-equity ratio of 60.00. The company has a market cap of C$2.41 billion, a PE ratio of 18.52, a P/E/G ratio of 1.11 and a beta of 0.64.

North West (TSE:NWC) last released its quarterly earnings data 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. The firm had revenue of C$646.49 million during the quarter. North West had a net margin of 5.25% and a return on equity of 19.76%. On average, equities research analysts forecast that The North West Company Inc. will post 3.3409536 earnings per share for the current fiscal year.

North West Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 3.17%. The ex-dividend date is 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%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on NWC. Royal Bank of Canada upped their target price on shares of North West from C$40.00 to C$47.00 in a research report on Friday, September 6th. CIBC boosted their price target on North West from C$43.00 to C$44.00 and gave the stock a “neutral” rating in a research report on Thursday, June 6th. TD Securities lifted their price objective on North West from C$52.00 to C$59.00 in a research note on Friday, September 6th. Finally, BMO Capital Markets increased their target price on North West from C$44.00 to C$56.00 in a research note 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.