North West (TSE:NWC) Sets New 1-Year High at $45.06

Shares of The North West Company Inc. (TSE:NWC) hit a new 52-week high on Thursday . The company traded as high as C$45.06 and last traded at C$45.04, with a volume of 11359 shares trading hands. The stock had previously closed at C$44.59.

Wall Street Analyst Weigh In

Several research firms recently weighed in on NWC. TD Securities upped their price target on North West from C$47.00 to C$52.00 in a research report on Tuesday, July 16th. CIBC increased their price target on shares of North West from C$43.00 to C$44.00 and gave the stock a “neutral” rating in a research report on Thursday, June 6th. Royal Bank of Canada boosted their price objective on shares of North West from C$38.00 to C$40.00 in a research report on Thursday, April 11th. Jefferies Financial Group increased their target price on shares of North West from C$41.00 to C$43.00 and gave the stock a “neutral” rating in a research report on Friday, April 12th. Finally, BMO Capital Markets boosted their price target on shares of North West from C$41.00 to C$44.00 in a report on Thursday, June 6th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of C$44.60.

North West Stock Up 0.3 %

The stock has a market cap of C$2.15 billion, a price-to-earnings ratio of 16.92, a P/E/G ratio of 1.11 and a beta of 0.62. The business has a fifty day moving average of C$41.42 and a 200 day moving average of C$39.96. The company has a debt-to-equity ratio of 57.45, a current ratio of 2.01 and a quick ratio of 0.64.

North West (TSE:NWC) last announced its quarterly earnings results on Wednesday, June 5th. The company reported C$0.53 EPS for the quarter, missing the consensus estimate of C$0.54 by C($0.01). The business had revenue of C$617.52 million for the quarter. North West had a return on equity of 19.84% and a net margin of 5.23%. On average, equities analysts predict that The North West Company Inc. will post 3.3474801 earnings per share for the current year.

North West Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were given a $0.39 dividend. The ex-dividend date of this dividend was Friday, June 28th. This represents a $1.56 annualized dividend and a dividend yield of 3.45%. North West’s dividend payout ratio is 58.43%.

Insider Buying and Selling

In related news, Director George Mcconnell Daniel sold 5,665 shares of North West stock in a transaction dated Friday, June 14th. The stock was sold at an average price of C$42.54, for a total transaction of C$240,989.10. In other news, Senior Officer John King sold 5,230 shares of the company’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of C$42.70, for a total value of C$223,321.00. Also, Director George Mcconnell Daniel sold 5,665 shares of North West stock in a transaction dated Friday, June 14th. The shares were sold at an average price of C$42.54, for a total transaction of C$240,989.10. Over the last quarter, insiders have sold 11,662 shares of company stock valued at $497,015. 0.10% 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.