North West (TSE:NWC) Hits New 52-Week High – Here’s What Happened

The North West Company Inc. (TSE:NWC)’s share price reached a new 52-week high on Thursday . The stock traded as high as C$53.06 and last traded at C$52.89, with a volume of 4593 shares. The stock had previously closed at C$52.73.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on NWC shares. Royal Bank of Canada upped their target price on shares of North West from C$40.00 to C$47.00 in a report on Friday, September 6th. BMO Capital Markets raised their price objective on North West from C$44.00 to C$56.00 in a research report on Friday, September 6th. Finally, TD Securities boosted their target price on North West from C$52.00 to C$59.00 in a report on Friday, September 6th.

North West Stock Performance

The company’s fifty day simple moving average is C$48.76 and its two-hundred day simple moving average is C$43.53. The company has a debt-to-equity ratio of 60.00, a quick ratio of 0.64 and a current ratio of 2.22. The stock has a market capitalization of C$2.49 billion, a P/E ratio of 19.05, a PEG ratio of 1.11 and a beta of 0.64.

North West (TSE:NWC) last released its quarterly earnings results on Wednesday, September 4th. The company reported C$0.73 earnings per share for the quarter, topping the consensus estimate of C$0.71 by C$0.02. North West had a return on equity of 19.76% and a net margin of 5.25%. The business had revenue of C$646.49 million during the quarter. As a group, equities analysts forecast that The North West Company Inc. will post 3.4924863 EPS for the current year.

North West Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a $0.40 dividend. The ex-dividend date was Monday, September 30th. This is an increase from North West’s previous quarterly dividend of $0.39. This represents a $1.60 annualized dividend and a dividend yield of 3.07%. North West’s dividend payout ratio is 58.39%.

Insider Buying and Selling

In other North West news, Senior Officer Cole James Ashley Akerstream sold 1,899 shares of the business’s stock in a transaction dated Friday, October 11th. The shares were sold at an average price of C$52.67, for a total value of C$100,020.33. In other news, Senior Officer Matthew Johnson sold 1,179 shares of the stock in a transaction on Friday, October 4th. The stock was sold at an average price of C$52.37, for a total transaction of C$61,744.23. Also, Senior Officer Cole James Ashley Akerstream sold 1,899 shares of the firm’s stock in a transaction on Friday, October 11th. The stock was sold at an average price of C$52.67, for a total value of C$100,020.33. Over the last three months, insiders have sold 20,030 shares of company stock valued at $1,038,687. 0.12% of the stock is owned by company insiders.

About North West

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.