Empire Company Limited (TSE:EMP.A) Senior Officer Sells C$85,488.32 in Stock

Empire Company Limited (TSE:EMP.A - Get Free Report) Senior Officer Matthew Reindel sold 1,852 shares of Empire stock in a transaction dated Monday, March 24th. The shares were sold at an average price of C$46.16, for a total value of C$85,488.32.

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

• On Friday, March 21st, Matthew Reindel sold 217 shares of Empire stock. The stock was sold at an average price of C$46.10, for a total transaction of C$10,003.70.
• 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 Stock 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 traded hands, compared to its average volume of 553,083. 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 business's 50-day moving average price is C$43.88 and its two-hundred day moving average price is C$42.37. Empire Company Limited has a 1 year low of C$31.45 and a 1 year high of C$46.91. The stock has a market capitalization of C$6.55 billion, a P/E ratio of 17.02, a P/E/G ratio of 16.20 and a beta of 0.48.

Empire Dividend Announcement

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

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Wall Street Analysts Forecast Growth

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