The North West Company Inc. (TSE:NWC) Senior Officer Cole James Ashley Akerstream Sells 1,899 Shares

The North West Company Inc. (TSE:NWC) 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.

North West Price Performance

Shares of North West stock traded up C$0.42 during trading on Wednesday, reaching C$52.48. 11,350 shares of the stock traded hands, compared to its average volume of 68,318. 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 52-week low of C$34.77 and a 52-week high of C$52.99. The business has a fifty day simple moving average of C$48.29 and a two-hundred day simple moving average of C$43.26. The company has a market capitalization of C$2.50 billion, a price-to-earnings ratio of 19.00, a P/E/G ratio of 1.11 and a beta of 0.64.

North West (TSE:NWC) last announced its quarterly earnings results on Wednesday, September 4th. The company reported C$0.73 EPS for the quarter, beating 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 firm had revenue of C$646.49 million during the quarter. Sell-side analysts expect that The North West Company Inc. will post 3.4924863 EPS for the current year.

North West Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a $0.40 dividend. The ex-dividend date was Monday, September 30th. This represents a $1.60 annualized dividend and a yield of 3.05%. This is an increase from North West’s previous quarterly dividend of $0.39. North West’s dividend payout ratio (DPR) is presently 58.39%.

Wall Street Analysts Forecast Growth

NWC has been the subject of a number of analyst reports. TD Securities increased their price target on North West from C$52.00 to C$59.00 in a research note on Friday, September 6th. 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. Finally, Royal Bank of Canada increased their price target on North West from C$40.00 to C$47.00 in a research note on Friday, September 6th.

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.