Loblaw Companies (L) Stock Price, News & Analysis

Company Overview

Loblaw is one of Canada's largest grocery, pharmacy, and general merchandise retailers, operating the most expansive store footprint in Ontario and maintaining sizable presences in provinces like Quebec and British Columbia. Key grocery banners include Loblaw, No Frills, and Maxi, while its pharmaceutical operations are the product of its 2014 acquisition of Shoppers Drug Mart. The firm carries a robust private-label assortment, with top sellers like President's Choice and No Name. In addition to its retail operations, Loblaw oversees a financial-services business, which provides credit card services and guaranteed investment certificates, and also operates its PC Optimum loyalty program. The firm's controlling shareholder is George Weston Limited, which owns 52.6% of the equity.

Key Stats

• Today's Range: C$190.17 to C$192.47
• 50-Day Range: C$173.00 to C$194.91
• 52-Week Range: C$123.96 to C$196.49
• Volume: 829,959 shs
• Average Volume: 359,475 shs
• Market Capitalization: C$58.21 billion
• P/E Ratio: 28.88
• Dividend Yield: 1.08%
• Price Target: C$197.00
• Consensus Rating: Moderate Buy

Loblaw Companies Stock Analysis - MarketRank™

Loblaw Companies scored higher than 27% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Loblaw Companies has received a consensus rating of Moderate Buy. The company's average rating score is 2.71, and is based on 5 buy ratings, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Loblaw Companies has only been the subject of 4 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Loblaw Companies is 28.88, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 128.72.

Price to Earnings Ratio vs. Sector

The P/E ratio of Loblaw Companies is 28.88, which means that it is trading at a less expensive P/E ratio than the Consumer Defensive sector average P/E ratio of about 210.21.

Price to Earnings Growth Ratio

Loblaw Companies has a PEG Ratio of 3.23. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Loblaw Companies has a P/B Ratio of 5.28. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for L.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

Loblaw Companies pays a meaningful dividend of 1.16%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Loblaw Companies does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Loblaw Companies is 31.06%. This payout ratio is at a healthy, sustainable level, below 75%.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for L.

News and Social Media

• Score: 2.3 / 5
• News Sentiment: 0.20

News Sentiment

Loblaw Companies has a news sentiment score of 0.20. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.46 average news sentiment score of Consumer Defensive companies.

News Coverage This Week

MarketBeat has tracked 6 news articles for Loblaw Companies this week, compared to 3 articles on an average week.

Search Interest

Only 5 people have searched for L on MarketBeat in the last 30 days. This is a decrease of -17% compared to the previous 30 days.

MarketBeat Follows

3 people have added Loblaw Companies to their MarketBeat watchlist in the last 30 days. This is an increase of 200% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Loblaw Companies insiders have sold more of their company's stock than they have bought. Specifically, they have bought C$0.00 in company stock and sold C$399,297.00 in company stock.

Percentage Held by Insiders

53.77% of the stock of Loblaw Companies is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

Only 20.72% of the stock of Loblaw Companies is held by institutions.

L Stock Analysis - Frequently Asked Questions

How have L shares performed this year?

Loblaw Companies' stock was trading at C$128.28 on January 1st, 2024. Since then, L stock has increased by 48.6% and is now trading at C$190.62.
View the best growth stocks for 2024 here.

How were Loblaw Companies' earnings last quarter?

Loblaw Companies Limited (TSE:L) announced its quarterly earnings data on Wednesday, July, 26th. The company reported $1.11 EPS for the quarter, beating analysts' consensus estimates of $1.10 by $0.01. The company had revenue of $11.08 billion for the quarter, compared to analysts' expectations of $10.96 billion. Loblaw Companies had a net margin of 3.46% and a trailing twelve-month return on equity of 19.22%.

How do I buy shares of Loblaw Companies?

Shares of L stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

What other stocks do shareholders of Loblaw Companies own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Loblaw Companies investors own include George Weston (WN), Enbridge (ENB), Toronto-Dominion Bank (TD), Bank of Nova Scotia (BNS), BCE (BCE), Suncor Energy (SU) and Royal Bank of Canada (RY).

Company Calendar

• Last Earnings: 7/26/2017
• Ex-Dividend for 10/1 Dividend: 9/13/2024
• Dividend Payable: 10/01/2024
• Ex-Dividend for 12/30 Dividend: 12/13/2024
• Today: 12/21/2024
• Dividend Payable: 12/30/2024

Industry, Sector and Symbol

• Stock Exchange: TSE
• Sector: Consumer Defensive
• Industry: Grocery Stores
• Sub-Industry: Insurance
• Current Symbol: TSE:L
• CUSIP: N/A
• CIK: N/A
• Web: www.loblaw.ca
• Phone: +1-905-4592500
• Fax: N/A
• Employees: 12,000
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: C$197.00
• High Stock Price Target: C$225.00
• Low Stock Price Target: C$161.00
• Potential Upside/Downside: +3.3%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.71
• Research Coverage: 7 Analysts

Profitability

• EPS (Most Recent Fiscal Year): C$6.60
• Trailing P/E Ratio: 28.88
• Forward P/E Ratio: 20.90
• P/E Growth: 3.23
• Net Income: C$2.08 billion
• Net Margins: 3.46%
• Pretax Margin: N/A
• Return on Equity: 19.22%
• Return on Assets: 5.89%

Debt

• Debt-to-Equity Ratio: 163.32
• Current Ratio: 1.36
• Quick Ratio: 0.68

Sales & Book Value

• Annual Sales: C$60.32 billion
• Price / Sales: 0.97
• Cash Flow: C$8.22 per share
• Price / Cash Flow: 23.18
• Book Value: C$36.08 per share
• Price / Book: 5.28

Miscellaneous

• Outstanding Shares: 305,390,000
• Free Float: N/A
• Market Cap: C$58.21 billion
• Optionable: Not Optionable
• Beta: 0.17