Empire Company Limited (TSE:EMP.A) Senior Officer Matthew Reindel Sells 217 Shares

Empire Company Limited (TSE:EMP.A - Get Free Report) Senior Officer Matthew Reindel sold 217 shares of the firm's stock in a transaction dated Friday, March 21st. The stock was sold at an average price of C$46.10, for a total value of C$10,003.70.

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

• On Monday, March 24th, Matthew Reindel sold 1,852 shares of Empire stock. The shares were sold at an average price of C$46.16, for a total transaction of C$85,488.32.
• On Monday, March 17th, Matthew Reindel sold 767 shares of Empire stock. The shares were sold at an average price of C$44.11, for a total value of C$33,832.37.

Empire Trading Up 0.5 %

TSE:EMP.A traded up C$0.21 during trading hours on Friday, reaching C$46.63. 398,504 shares of the company were exchanged, compared to its average volume of 553,083. The firm has a market cap of C$6.55 billion, a price-to-earnings ratio of 17.02, a PEG ratio of 16.20 and a beta of 0.48. The stock has a 50 day simple moving average of C$43.88 and a 200 day simple moving average of C$42.32. Empire Company Limited has a 52-week low of C$31.45 and a 52-week high of C$46.91. 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 31st were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.72%. The ex-dividend date of this dividend was Wednesday, January 15th. Empire's dividend payout ratio is currently 29.20%.

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Wall Street Analysts Forecast Growth

EMP.A has been the subject of a number of research analyst reports. TD Securities increased their target price on shares of Empire from C$44.00 to C$48.00 and gave the company a "hold" rating in a report on Friday, December 13th. CIBC raised their price objective on Empire from C$47.00 to C$55.00 in a research note on Friday, December 13th. Scotiabank upgraded Empire from a "sector perform" rating to an "outperform" rating and boosted their target price for the stock from C$47.00 to C$49.00 in a research report on Friday, March 14th. Desjardins raised their price target on Empire from C$47.00 to C$50.00 in a research report on Sunday, December 15th. Finally, BMO Capital Markets boosted their price objective on shares of Empire from C$44.00 to C$48.00 in a research report on Friday, December 13th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Empire has a consensus 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.