North West (TSE:NWC) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

The North West Company Inc. (TSE:NWC)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$43.89 and traded as high as C$51.47. North West shares last traded at C$51.10, with a volume of 58,197 shares trading hands.

Wall Street Analyst Weigh In

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

North West Stock Performance

The firm has a fifty day simple moving average of C$49.38 and a 200-day simple moving average of C$43.92. The company has a quick ratio of 0.64, a current ratio of 2.22 and a debt-to-equity ratio of 60.00. The company has a market cap of C$2.44 billion, a PE ratio of 18.65, a price-to-earnings-growth 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 (EPS) for the quarter, topping analysts’ consensus estimates 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 firm had revenue of C$646.49 million for the quarter. On average, research analysts forecast that The North West Company Inc. will post 3.4924863 EPS for the current fiscal year.

North West Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.13%. This is a boost from North West’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend was Monday, September 30th. North West’s payout ratio is presently 58.39%.

Insider Buying and Selling

In other North West news, Senior Officer Cole James Ashley Akerstream sold 1,899 shares of North West stock in a transaction on 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 Michael Beaulieu sold 3,522 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of C$50.78, for a total transaction of C$178,847.16. Also, Senior Officer Cole James Ashley Akerstream sold 1,899 shares of North West stock in a transaction on Friday, October 11th. The shares were sold at an average price of C$52.67, for a total transaction of C$100,020.33. Insiders sold a total of 20,030 shares of company stock worth $1,038,687 in the last 90 days. Company insiders own 0.12% of the company’s stock.

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.