Loblaw CO (L-T) Stock Price and News (2024)

FAQs

Is Loblaws a good stock to buy now? ›

Loblaw Companies's analyst rating consensus is a Moderate Buy. This is based on the ratings of 7 Wall Streets Analysts.

Have Loblaw's shares ever split? Loblaw's shares were split on a 1244:1000 basis on 1 November 2018. So if you had owned 1000 shares the day before before the split, the next day you'd have owned 1244 shares. This wouldn't directly have changed the overall worth of your Loblaw shares – just the quantity.

George Weston Limited is a Canadian public company, founded in 1882 and listed on the Toronto Stock Exchange since January 1928. Today, George Weston's interests include businesses in retail and real estate through its control of Loblaw and Choice Properties.

Number of shares outstanding as of May 2024 : 315,200,000

According to Loblaw Companies's latest financial reports and stock price the company's current number of shares outstanding is 315,200,000. At the end of 2023 the company had 315,200,000 shares outstanding.

That means EPS growth is considered a real positive by most successful long-term investors. It certainly is nice to see that Loblaw Companies has managed to grow EPS by 30% per year over three years. As a general rule, we'd say that if a company can keep up that sort of growth, shareholders will be beaming.

The most common split ratios are 2-for-1 or 3-for-1 (sometimes denoted as 2:1 or 3:1). This means for every share held before the split, each stockholder will have two or three shares, respectively, after the split.

Loblaw Companies is a dividend paying company with a current yield of 1.15% that is well covered by earnings. Next payment date is on 1st July, 2024 with an ex-dividend date of 14th June, 2024.

Loblaws has reported rising profits and seen its stock value climb over the past year. The planned boycott, organized by a Reddit group with 75,000 members called “Loblaws is out of control,” aims to reduce grocery prices and increase food security for Canadians.

Are there Loblaws in the US? ›

The new self-serve, cash-and-carry concept of grocery retailing is a big hit with customers, who take advantage of quality goods at lower prices. Loblaw Groceterias expands throughout Ontario and into New York State, forming an American company headquartered in Buffalo.

The boycott was launched by a Reddit group with around 70,000 members called "Loblaws is out of control." Loblaw and other major grocers have been under fire from politicians and consumers for reporting high profits as some Canadians are struggling to afford food as grocery prices continue to rise.

Loblaw Companies Ltd. is the parent company of nearly two-dozen store brands spread across food, pharmacies, fashion, beauty and financial services. The company says it operates over 2,400 stores across Canada, such as Shoppers Drug Mart, Real Canadian Superstore, No Frills and more.

Loblaws is a Canadian supermarket chain with stores located in the province of Ontario, Saskatchewan, Alberta and British Columbia under the Loblaws CityMarket banner. Headquartered in Brampton, Ontario, Loblaws is a subsidiary of Loblaw Companies Limited, Canada's largest food distributor. Loblaws Inc.

Loblaw Companies Limited completed the acquisition of Shoppers Drug Mart Corporation for $12.4 billion in cash and stock, bringing together the nation's number one grocery retailer and its number one pharmacy and beauty retailer.

The net earnings of Loblaw Companies Limited reached approximately 2.19 billion Canadian dollars in the financial year ending December 30, 2023.

Loblaw Companies has an overall rating of 3.5 out of 5, based on over 5,402 reviews left anonymously by employees. 61% of employees would recommend working at Loblaw Companies to a friend and 53% have a positive outlook for the business. This rating has decreased by 2% over the last 12 months.