Insider Selling: Empire Company Limited (TSE:EMP.A) Senior Officer Sells 7,265 Shares of Stock

Empire Company Limited (TSE:EMP.A - Get Free Report) Senior Officer Douglas Bigler Nathanson sold 7,265 shares of the business's stock in a transaction dated Friday, December 13th. The stock was sold at an average price of C$45.15, for a total value of C$328,014.75.

Douglas Bigler Nathanson also recently made the following trade(s):

• On Wednesday, September 25th, Douglas Bigler Nathanson sold 3,658 shares of Empire stock. The shares were sold at an average price of C$40.26, for a total transaction of C$147,252.79.

Empire Trading Up 0.0 %

TSE EMP.A traded up C$0.01 during trading on Wednesday, hitting C$44.40. The stock had a trading volume of 409,021 shares, compared to its average volume of 408,254. Empire Company Limited has a one year low of C$31.45 and a one year high of C$46.77. The stock has a 50 day simple moving average of C$41.64 and a 200 day simple moving average of C$38.06. The stock has a market capitalization of C$6.23 billion, a price-to-earnings ratio of 16.20, a P/E/G ratio of 16.20 and a beta of 0.48. The company has a debt-to-equity ratio of 135.51, a quick ratio of 0.29 and a current ratio of 0.79.

Empire Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Thursday, October 31st were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date was Tuesday, October 15th. Empire's dividend payout ratio is currently 29.20%.

Analyst Ratings Changes

EMP.A has been the topic of a number of recent research reports. National Bankshares upped their price target on shares of Empire from C$42.00 to C$46.00 and gave the company a "sector perform" rating in a research note on Friday, September 13th. BMO Capital Markets upped their target price on shares of Empire from C$44.00 to C$48.00 in a research report on Friday, December 13th. Royal Bank of Canada lifted their price target on Empire from C$42.00 to C$46.00 in a research report on Tuesday, November 12th. Scotiabank upped their price objective on Empire from C$44.00 to C$47.00 in a research report on Friday, December 13th. Finally, CIBC raised their price objective on Empire from C$47.00 to C$55.00 in a research note on Friday, December 13th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of C$48.57.

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.