Insider Selling: J Sainsbury plc (LON:SBRY) Insider Sells 189,648 Shares of Stock

J Sainsbury plc (LON:SBRY) insider Simon Roberts sold 189,648 shares of the firm’s stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of GBX 263 ($3.30), for a total transaction of £498,774.24 ($626,522.10).

J Sainsbury Stock Performance

Shares of SBRY opened at GBX 265.40 ($3.33) on Friday. The company has a market capitalization of £6.29 billion, a price-to-earnings ratio of 4,423.33, a price-to-earnings-growth ratio of 0.37 and a beta of 0.66. J Sainsbury plc has a 52-week low of GBX 243.80 ($3.06) and a 52-week high of GBX 311.16 ($3.91). The company has a quick ratio of 0.53, a current ratio of 0.66 and a debt-to-equity ratio of 96.62. The stock has a 50 day moving average price of GBX 259.14 and a 200 day moving average price of GBX 270.67.

J Sainsbury Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, July 12th. Stockholders of record on Thursday, June 6th will be issued a GBX 9.20 ($0.12) dividend. This is a boost from J Sainsbury’s previous dividend of $3.90. The ex-dividend date is Thursday, June 6th. This represents a dividend yield of 3.43%. J Sainsbury’s dividend payout ratio is presently 21,666.67%.

Wall Street Analyst Weigh In

SBRY has been the topic of a number of analyst reports. Shore Capital restated a “house stock” rating on shares of J Sainsbury in a report on Friday, April 19th. Jefferies Financial Group raised J Sainsbury to a “buy” rating and set a GBX 300 ($3.77) target price on the stock in a report on Monday, April 22nd. One analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, J Sainsbury currently has an average rating of “Hold” and an average target price of GBX 281.67 ($3.54).

About J Sainsbury

J Sainsbury plc, together with its subsidiaries, engages in the food, general merchandise and clothing retailing, and financial services activities in the United Kingdom and the Republic of Ireland. It operates through three segments: Retail Food, Retail General Merchandise and Clothing, and Financial Services.