David Michael Chatyrbok Sells 3,000 Shares of The North West Company Inc. (TSE:NWC) Stock

The North West Company Inc. (TSE:NWC) Senior Officer David Michael Chatyrbok sold 3,000 shares of North West stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of C$51.65, for a total value of C$154,950.00.

North West Trading Down 1.0 %

Shares of NWC stock opened at C$50.05 on Friday. The firm’s 50-day simple moving average is C$45.71 and its 200-day simple moving average is C$41.79. The company has a debt-to-equity ratio of 60.00, a current ratio of 2.22 and a quick ratio of 0.64. The North West Company Inc. has a 1-year low of C$33.72 and a 1-year high of C$52.23. The firm has a market cap of C$2.39 billion, a P/E ratio of 18.27, a PEG ratio of 1.11 and a beta of 0.64.

North West (TSE:NWC) last posted its quarterly earnings results on Wednesday, September 4th. The company reported C$0.73 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.71 by C$0.02. North West had a net margin of 5.25% and a return on equity of 19.76%. The company had revenue of C$646.49 million for the quarter. As a group, equities analysts forecast that The North West Company Inc. will post 3.3409536 EPS for the current year.

North West Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be issued a $0.40 dividend. The ex-dividend date is Monday, September 30th. This represents a $1.60 dividend on an annualized basis and a yield of 3.20%. This is a boost from North West’s previous quarterly dividend of $0.39. North West’s dividend payout ratio (DPR) is presently 58.39%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on NWC shares. CIBC raised their price target on shares of North West from C$43.00 to C$44.00 and gave the stock a “neutral” rating in a research note on Thursday, June 6th. TD Securities raised their target price on shares of North West from C$52.00 to C$59.00 in a research report on Friday, September 6th. Royal Bank of Canada boosted their price target on North West from C$40.00 to C$47.00 in a report on Friday, September 6th. Finally, BMO Capital Markets increased their price target on North West from C$44.00 to C$56.00 in a research note on Friday, September 6th.

North West Company Profile

The North West Company Inc, through its subsidiaries, engages in the retail of food and everyday products and services to rural communities and urban neighborhood markets in northern Canada, rural Alaska, the South Pacific, and the Caribbean. The company operates Northern stores, which offers food, financial services, and general merchandise; NorthMart stores that provides fresh food products, apparel, and health products and services; and Quickstop convenience stores that provides ready-to-eat food products, and fuel and related services.