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 company’s stock in a transaction 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 shares were sold at an average price of C$43.81, for a total transaction of C$200,956.47.

Empire Stock Up 1.9 %

Shares of TSE:EMP.A traded up C$0.83 on Wednesday, hitting C$44.82. 290,180 shares of the company traded hands, compared to its average volume of 524,721. The stock has a 50 day simple moving average of C$43.39 and a 200-day simple moving average of C$41.92. The company has a quick ratio of 0.29, a current ratio of 0.79 and a debt-to-equity ratio of 135.51. The company has a market cap of C$6.29 billion, a PE ratio of 16.36, a PEG ratio of 16.20 and a beta of 0.48. Empire Company Limited has a 52 week low of C$31.45 and a 52 week high of C$46.77.

Empire Announces Dividend

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

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. BMO Capital Markets lifted their price objective on Empire from C$44.00 to C$48.00 in a research report on Friday, December 13th. Desjardins upped their price target on Empire from C$47.00 to C$50.00 in a research note on Sunday, December 15th. Scotiabank raised Empire from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from C$47.00 to C$49.00 in a research report on Friday, March 14th. TD Securities upped their target price on shares of Empire from C$44.00 to C$48.00 and gave the stock a “hold” rating in a research report on Friday, December 13th. Finally, CIBC lifted their price target on shares of Empire from C$47.00 to C$55.00 in a research report on Friday, December 13th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price 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.