Loblaw Companies (TSE:L) Given New C$186.00 Price Target at TD Securities

Loblaw Companies (TSE:L) had its price target boosted by TD Securities from C$172.00 to C$186.00 in a report published on Monday, BayStreet.CA reports. They currently have a buy rating on the stock.

Several other equities research analysts also recently weighed in on the company. CIBC increased their price target on Loblaw Companies from C$159.00 to C$171.00 and gave the stock an outperform rating in a report on Thursday, May 2nd. Desjardins lifted their price objective on Loblaw Companies from C$148.00 to C$157.00 and gave the company a hold rating in a research note on Monday, April 29th. National Bankshares upped their price target on Loblaw Companies from C$156.00 to C$159.00 and gave the stock an outperform rating in a report on Thursday, May 2nd. Finally, Scotiabank increased their target price on Loblaw Companies from C$148.27 to C$161.00 and gave the company a sector perform rating in a report on Thursday, May 2nd. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Loblaw Companies presently has an average rating of Moderate Buy and a consensus price target of C$166.57.

Loblaw Companies Stock Down 0.4 %

L stock opened at C$168.30 on Monday. Loblaw Companies has a 1-year low of C$110.52 and a 1-year high of C$171.99. The business has a fifty day moving average price of C$160.46 and a 200-day moving average price of C$150.02. The company has a debt-to-equity ratio of 156.41, a current ratio of 1.25 and a quick ratio of 0.68. The stock has a market capitalization of C$51.74 billion, a P/E ratio of 25.46, a P/E/G ratio of 2.53 and a beta of 0.12.

Loblaw Companies (TSE:L) last issued its quarterly earnings results on Wednesday, May 1st. The company reported C$1.72 EPS for the quarter, topping analysts’ consensus estimates of C$1.70 by C$0.02. The business had revenue of C$13.58 billion during the quarter, compared to analysts’ expectations of C$13.29 billion. Loblaw Companies had a return on equity of 18.96% and a net margin of 3.53%. Equities analysts forecast that Loblaw Companies will post 8.3923706 earnings per share for the current fiscal year.

Loblaw Companies Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, July 1st. Stockholders of record on Monday, July 1st were given a dividend of $0.513 per share. This is a positive change from Loblaw Companies’s previous quarterly dividend of $0.45. This represents a $2.05 annualized dividend and a dividend yield of 1.22%. The ex-dividend date was Friday, June 14th. Loblaw Companies’s dividend payout ratio (DPR) is currently 31.01%.

Insider Transactions at Loblaw Companies

In other news, Senior Officer Kieran Barry Columb sold 32,500 shares of the stock in a transaction on Friday, June 14th. The stock was sold at an average price of C$156.01, for a total value of C$5,070,380.25. In related news, Senior Officer Jeffrey Francis Leger sold 7,100 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of C$156.00, for a total transaction of C$1,107,600.00. Also, Senior Officer Kieran Barry Columb sold 32,500 shares of Loblaw Companies stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of C$156.01, for a total value of C$5,070,380.25. Insiders sold a total of 83,929 shares of company stock worth $13,160,644 over the last ninety days. Company insiders own 53.29% of the company’s stock.

Loblaw Companies Company Profile

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.