Empire Company Limited (TSE:EMP.A) Senior Officer Sells C$179,461.50 in Stock

Empire Company Limited (TSE:EMP.A - Get Free Report) Senior Officer Douglas Bigler Nathanson sold 4,525 shares of the business's stock in a transaction on Friday, September 13th. The stock was sold at an average price of C$39.66, for a total value of C$179,461.50.

Empire Stock Performance

The firm has a market cap of C$5.63 billion, a price-to-earnings ratio of 13.43, a PEG ratio of 16.20 and a beta of 0.47. Empire Company Limited has a 52 week low of C$31.45 and a 52 week high of C$41.38. The firm has a 50-day simple moving average of C$37.12 and a two-hundred day simple moving average of C$34.51. The company has a debt-to-equity ratio of 134.59, a quick ratio of 0.29 and a current ratio of 0.80.

Empire Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 31st were issued a dividend of $0.20 per share. The ex-dividend date was Monday, July 15th. This is a positive change from Empire's previous quarterly dividend of $0.18. This represents a $0.80 dividend on an annualized basis and a dividend yield of ∞. Empire's payout ratio is 27.40%.

Wall Street Analysts Forecast Growth

EMP.A has been the subject of several research reports. National Bankshares raised their price objective on shares of Empire from C$42.00 to C$46.00 and gave the company a "sector perform" rating in a research report on Friday. BMO Capital Markets upped their price target on Empire from C$40.00 to C$43.00 and gave the company a "market perform" rating in a report on Friday. CIBC raised their price objective on Empire from C$40.00 to C$47.00 and gave the stock an "outperform" rating in a research note on Friday. Desjardins boosted their target price on Empire from C$42.00 to C$44.00 and gave the stock a "buy" rating in a research report on Friday. Finally, TD Securities increased their price target on Empire from C$38.00 to C$44.00 and gave the company a "hold" rating in a research report on Friday. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of C$43.14.

Empire Company Profile

Empire Company Limited, together with its subsidiaries, engages in the food retail and related real estate businesses in Canada. It operates through two segments, Food Retailing, and Investments and Other Operations. The company owns, affiliates, and franchises approximately 1,500 retail stores under various retail banners, including Sobeys, Safeway, IGA, Foodland, FreshCo, Thrifty Foods, and Lawtons Drugs; and approximately 350 retail fuel locations.