Insider Selling: The North West Company Inc. (TSE:NWC) Director Sells 4,781 Shares of Stock

The North West Company Inc. (TSE:NWC) Director George Mcconnell Daniel sold 4,781 shares of the stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of C$52.80, for a total value of C$252,436.80.

North West Price Performance

TSE NWC traded up C$0.11 during mid-day trading on Monday, hitting C$53.16. The stock had a trading volume of 67,437 shares, compared to its average volume of 69,092. The North West Company Inc. has a 52-week low of C$34.77 and a 52-week high of C$53.64. The company has a market cap of C$2.54 billion, a price-to-earnings ratio of 19.36, a P/E/G ratio of 1.11 and a beta of 0.64. The company has a 50 day simple moving average of C$50.12 and a 200 day simple moving average of C$44.39. The company has a quick ratio of 0.64, a current ratio of 2.22 and a debt-to-equity ratio of 60.00.

North West (TSE:NWC) last announced its 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. The firm had revenue of C$646.49 million for the quarter. North West had a return on equity of 19.76% and a net margin of 5.25%. Equities analysts forecast that The North West Company Inc. will post 3.4924863 EPS for the current fiscal year.

North West Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 3.01%. The ex-dividend date of this dividend was Monday, September 30th. This is a boost from North West’s previous quarterly dividend of $0.39. North West’s dividend payout ratio is 58.39%.

Analyst Upgrades and Downgrades

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