Insider Selling: The North West Company Inc. (TSE:NWC) Senior Officer Sells 1,179 Shares of Stock

The North West Company Inc. (TSE:NWC) Senior Officer Matthew Johnson sold 1,179 shares of North West stock in a transaction on Friday, October 4th. The shares were sold at an average price of C$52.37, for a total transaction of C$61,744.23.

North West Stock Performance

NWC stock traded up C$0.42 during midday trading on Wednesday, hitting C$52.25. 18,342 shares of the company traded hands, compared to its average volume of 68,090. The business has a 50 day simple moving average of C$47.53 and a 200-day simple moving average of C$42.79. The company has a quick ratio of 0.64, a current ratio of 2.22 and a debt-to-equity ratio of 60.00. The North West Company Inc. has a twelve month low of C$34.77 and a twelve month high of C$52.79. The stock has a market capitalization of C$2.49 billion, a price-to-earnings ratio of 18.92, a price-to-earnings-growth ratio of 1.11 and a beta of 0.64.

North West (TSE:NWC) last released its earnings results on Wednesday, September 4th. The company reported C$0.73 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.71 by C$0.02. The business had revenue of C$646.49 million for the quarter. North West had a return on equity of 19.76% and a net margin of 5.25%. As a group, equities research analysts predict that The North West Company Inc. will post 3.4924863 earnings per share for the current year.

North West Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be issued a $0.40 dividend. This is a boost from North West’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.60 annualized dividend and a yield of 3.06%. North West’s dividend payout ratio (DPR) is currently 58.39%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on NWC. BMO Capital Markets lifted their price objective on North West from C$44.00 to C$56.00 in a report on Friday, September 6th. Royal Bank of Canada boosted their price target on shares of North West from C$40.00 to C$47.00 in a report on Friday, September 6th. Finally, TD Securities increased their price target on North West from C$52.00 to C$59.00 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.