Insider Selling: Empire Company Limited (TSE:EMP.A) Senior Officer Sells 5,354 Shares of Stock

Empire Company Limited (TSE:EMP.A - Get Free Report) Senior Officer Pierre St-Laurent sold 5,354 shares of the business's stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of C$44.96, for a total value of C$240,715.84.

Empire Price Performance

TSE EMP.A traded up C$0.33 on Friday, reaching C$46.75. The company's stock had a trading volume of 187,660 shares, compared to its average volume of 549,337. 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 current ratio of 0.79, a quick ratio of 0.29 and a debt-to-equity ratio of 135.51. The firm has a market cap of C$6.56 billion, a PE ratio of 17.06, a price-to-earnings-growth ratio of 16.20 and a beta of 0.48. The business has a 50-day moving average price of C$43.79 and a 200 day moving average price of C$42.26.

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 issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.71%. The ex-dividend date was Wednesday, January 15th. Empire's payout ratio is 29.20%.

Analysts Set New Price Targets

EMP.A has been the topic of several analyst reports. BMO Capital Markets increased their target price on Empire from C$44.00 to C$48.00 in a research report on Friday, December 13th. 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 research report on Friday, December 13th. CIBC upped their price target on shares of Empire from C$47.00 to C$55.00 in a research note on Friday, December 13th. Scotiabank upgraded shares of 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 note on Friday, March 14th. Finally, Desjardins upped their price target on shares of Empire from C$47.00 to C$50.00 in a report on Sunday, December 15th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of C$48.86.

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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.