Matthew Reindel Sells 767 Shares of Empire Company Limited (TSE:EMP.A) Stock

Empire Company Limited (TSE:EMP.A - Get Free Report) Senior Officer Matthew Reindel sold 767 shares of the company's stock in a transaction on Monday, March 17th. The shares were sold at an average price of C$44.11, for a total value 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 value of C$200,956.47.

Empire Stock Down 0.1 %

EMP.A stock traded down C$0.05 during midday trading on Friday, hitting C$46.21. 1,941,941 shares of the company's stock were exchanged, compared to its average volume of 560,383. The firm has a 50 day moving average price of C$43.50 and a 200-day moving average price of C$42.05. Empire Company Limited has a 12-month low of C$31.45 and a 12-month high of C$46.91. The stock has a market capitalization of C$6.49 billion, a price-to-earnings ratio of 16.86, a price-to-earnings-growth ratio of 16.20 and a beta of 0.48. The company has a current ratio of 0.79, a quick ratio of 0.29 and a debt-to-equity ratio of 135.51.

Empire Announces Dividend

The business 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 1.73%. Empire's dividend payout ratio (DPR) is 29.20%.

Analyst Upgrades and Downgrades

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