Insider Selling: Loblaw Companies Limited (TSE:L) Senior Officer Sells 10,000 Shares of Stock (2024)

Loblaw Companies Limited (TSE:L - Get Free Report) Senior Officer Kieran Barry Columb sold 10,000 shares of the company's stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of C$150.00, for a total value of C$1,500,000.00.

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Kieran Barry Columb also recently made the following trade(s):

• On Monday, March 4th, Kieran Barry Columb sold 6,955 shares of Loblaw Companies stock. The stock was sold at an average price of C$145.84, for a total value of C$1,014,322.76.

Loblaw Companies Stock Up 1.7 %

TSE L opened at C$152.83 on Friday. The stock's 50-day moving average price is C$140.01 and its 200-day moving average price is C$126.57. The company has a quick ratio of 0.68, a current ratio of 1.25 and a debt-to-equity ratio of 156.41. Loblaw Companies Limited has a 52 week low of C$110.52 and a 52 week high of C$153.01. The company has a market capitalization of C$47.26 billion, a P/E ratio of 23.48, a price-to-earnings-growth ratio of 2.53 and a beta of 0.11.

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Loblaw Companies (TSE:L - Get Free Report) last announced its quarterly earnings data on Thursday, February 22nd. The company reported C$2.00 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of C$1.92 by C$0.08. The business had revenue of C$14.53 billion during the quarter, compared to analyst estimates of C$14.58 billion. Loblaw Companies had a net margin of 3.53% and a return on equity of 18.96%. On average, equities research analysts predict that Loblaw Companies Limited will post 8.4120941 earnings per share for the current year.

Loblaw Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, April 1st. Stockholders of record on Monday, April 1st will be given a dividend of $0.446 per share. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.17%. Loblaw Companies's dividend payout ratio is currently 27.34%.

Analyst Ratings Changes

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A number of equities research analysts have recently commented on L shares. Scotiabank increased their target price on Loblaw Companies from C$137.00 to C$146.00 and gave the stock a "sector perform" rating in a research note on Friday, February 23rd. CIBC dropped their price objective on Loblaw Companies from C$150.00 to C$149.00 and set an "outperform" rating on the stock in a research report on Friday, February 23rd. TD Securities increased their price objective on Loblaw Companies from C$150.00 to C$160.00 and gave the company a "buy" rating in a research report on Friday, February 23rd. BMO Capital Markets increased their price objective on Loblaw Companies from C$130.00 to C$145.00 in a research report on Friday, February 23rd. Finally, National Bankshares increased their price objective on Loblaw Companies from C$149.00 to C$153.00 and gave the company an "outperform" rating in a research report on Friday, February 23rd. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of C$153.29.

Get Our Latest Stock Report on L

About Loblaw Companies

(Get Free Report)

Loblaw Companies Limited, a food and pharmacy company, provides grocery, pharmacy and healthcare services, health and beauty products, apparels, general merchandise, financial services, and wireless mobile products and services in Canada. It operates in two segments, Retail and Financial Services. The Retail segment operates corporate and franchise-owned retail food, and associate-owned drug stores.

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