Empire Company (A)

EMP.A-T

TSE:EMP.A

35.77
0.70 (2.00%)
Empire Company Limited is a Canadian conglomerate engaged mostly in food retail and corporate investments. The company is headquartered in Stellarton, Nova Scotia. Empire Company also owns the Sobeys supermarket chain.
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Analysis and Opinions about EMP.A-T

Signal
Opinion
Expert
TOP PICK
TOP PICK
June 30, 2020
Pays a 1.5% yield. 13% YOY sales growth and a large 12.8% free cash flow yield. Cash flow grew YOY 236%. Earnings to grow 7% this year and 5% in 2021 with a PE of 14.3x. (Analysts’ price target is $37.67)
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Pays a 1.5% yield. 13% YOY sales growth and a large 12.8% free cash flow yield. Cash flow grew YOY 236%. Earnings to grow 7% this year and 5% in 2021 with a PE of 14.3x. (Analysts’ price target is $37.67)
COMMENT
COMMENT
December 13, 2019

Earnings miss? She owns Loblaws instead of Empire, who just commented how competition is increasing. The recent stock pullback might just be a re-calibration of earnings metrics following the release of an earnings miss.

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Earnings miss? She owns Loblaws instead of Empire, who just commented how competition is increasing. The recent stock pullback might just be a re-calibration of earnings metrics following the release of an earnings miss.

COMMENT
COMMENT
November 13, 2019
Loblaw vs. Empire vs. Metro Owns none. It's a toss-up. Metro is the best. Loblaw has had fits and starts. Empire is the dark horse, bouncing back from operational problems. One is as good as the others. Metro is good for the very long-term. But Empire for the shorter-term.
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Loblaw vs. Empire vs. Metro Owns none. It's a toss-up. Metro is the best. Loblaw has had fits and starts. Empire is the dark horse, bouncing back from operational problems. One is as good as the others. Metro is good for the very long-term. But Empire for the shorter-term.
TOP PICK
TOP PICK
October 21, 2019
Sobeys is their largest brand. They have 350 retail gas stations as well as grocery stores. Earnings are expected to grow 43% next year. (Analysts’ price target is $39.33)
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Sobeys is their largest brand. They have 350 retail gas stations as well as grocery stores. Earnings are expected to grow 43% next year. (Analysts’ price target is $39.33)
COMMENT
COMMENT
October 9, 2019
Metro vs. Empire She owns Loblaw instead. The sector is defensive, so it's done well this year. She likes Shoppers Drug Mart, hence Loblaw, for its cross-selling via their Optimum rewards card. She prefers Metro of the two here, but thinks Loblaw is better.
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Metro vs. Empire She owns Loblaw instead. The sector is defensive, so it's done well this year. She likes Shoppers Drug Mart, hence Loblaw, for its cross-selling via their Optimum rewards card. She prefers Metro of the two here, but thinks Loblaw is better.
PAST TOP PICK
PAST TOP PICK
August 1, 2019
(A Top Pick Jul 24/18, Up 37%) The company has a new distribution centre that is helping the bottom line. They continue to hold it. He sees 15% growth in free cash flow. A good opportunity going forward.
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(A Top Pick Jul 24/18, Up 37%) The company has a new distribution centre that is helping the bottom line. They continue to hold it. He sees 15% growth in free cash flow. A good opportunity going forward.
PAST TOP PICK
PAST TOP PICK
April 12, 2019
(A Top Pick Jul 24/18, Up 15%) They are doing well in a tight competitive space and a candidate for purchase again. He does not own it today.
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(A Top Pick Jul 24/18, Up 15%) They are doing well in a tight competitive space and a candidate for purchase again. He does not own it today.
COMMENT
COMMENT
March 7, 2019
They expanded into western Canada and didn't do well, though earnings projections for this year and next promise increases. They're converting some stores to Freshco, a good move. This is a growth stock in a safe industry. Wishes the dividend were higher. It's a tough industry to be in. If you're worried about Alberta, then avoid this. EMP is making the right moves, though.
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They expanded into western Canada and didn't do well, though earnings projections for this year and next promise increases. They're converting some stores to Freshco, a good move. This is a growth stock in a safe industry. Wishes the dividend were higher. It's a tough industry to be in. If you're worried about Alberta, then avoid this. EMP is making the right moves, though.
BUY WEAKNESS
BUY WEAKNESS
December 3, 2018
He was very impressed by what they are doing when he met with them last week. They bought Farm Boy recently. They are looking carefully at their online strategy. They ran into problems with Safeway but have now turned around same store sales with it. The easy turnaround has been done and from here it will be a little more difficult. He might buy it on temporary weakness.
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He was very impressed by what they are doing when he met with them last week. They bought Farm Boy recently. They are looking carefully at their online strategy. They ran into problems with Safeway but have now turned around same store sales with it. The easy turnaround has been done and from here it will be a little more difficult. He might buy it on temporary weakness.
DON'T BUY
DON'T BUY
September 20, 2018

He doesn’t like the grocery business. There is no room for error. Well run companies, but not an area that he wants to put client’s money in. Not a growth story. (Analysts’ price target is $28.82)

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Empire Company (A) (EMP.A-T)
September 20, 2018

He doesn’t like the grocery business. There is no room for error. Well run companies, but not an area that he wants to put client’s money in. Not a growth story. (Analysts’ price target is $28.82)

TOP PICK
TOP PICK
July 24, 2018

This is the parent of Sobeys. They are shaving costs. Earnings have been growing phenomenally even though sales are almost flat. They offer a 1.7% dividend and have a 6.1% free cash flow yield with strong projected earnings growth. (Analysts’ price target is $29.18)

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This is the parent of Sobeys. They are shaving costs. Earnings have been growing phenomenally even though sales are almost flat. They offer a 1.7% dividend and have a 6.1% free cash flow yield with strong projected earnings growth. (Analysts’ price target is $29.18)

COMMENT
COMMENT
July 20, 2018

They own Loblaw Cos Ltd (L-T) because they think it has better dynamics. They are going through a rationalization process like the one that Loblaw Cos Ltd (L-T) went through. The Safeway acquisition wasn’t so well executed. Tough business.

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They own Loblaw Cos Ltd (L-T) because they think it has better dynamics. They are going through a rationalization process like the one that Loblaw Cos Ltd (L-T) went through. The Safeway acquisition wasn’t so well executed. Tough business.

DON'T BUY
DON'T BUY
July 19, 2018

He has owned it in the past. They had a good run and a year ago put in a plan to cut costs from their business. They have razor thin margins. It is a very competitive business. He does not like to buy these kinds of businesses. EMP-T also has CCR.UN-T REIT but you are in an industry that is so highly competitive with AMZN-Q and so on that it is hard to own it at this price.

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He has owned it in the past. They had a good run and a year ago put in a plan to cut costs from their business. They have razor thin margins. It is a very competitive business. He does not like to buy these kinds of businesses. EMP-T also has CCR.UN-T REIT but you are in an industry that is so highly competitive with AMZN-Q and so on that it is hard to own it at this price.

DON'T BUY
DON'T BUY
July 6, 2018

Numbers are vastly improved. He tries to stay away from retail, especially food retail. Now in a period where tariffs are being tossed around. Has had a nice recovery, but leery of buying now. Good company, well managed, but can’t get enthused.

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Numbers are vastly improved. He tries to stay away from retail, especially food retail. Now in a period where tariffs are being tossed around. Has had a nice recovery, but leery of buying now. Good company, well managed, but can’t get enthused.

PAST TOP PICK
PAST TOP PICK
June 5, 2018

(Past Top Pick on January 26, 2018, Down 0.4%) He believes this will do well. Since last September, it's seen an up channel. He continues to prefer this over the other Canadian grocers. Good management with a program to expand revenue in the next three years. He doesn't fear a challenge from online grocery shopping--he wants to feel tomatoes before he buys them.

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(Past Top Pick on January 26, 2018, Down 0.4%) He believes this will do well. Since last September, it's seen an up channel. He continues to prefer this over the other Canadian grocers. Good management with a program to expand revenue in the next three years. He doesn't fear a challenge from online grocery shopping--he wants to feel tomatoes before he buys them.

DON'T BUY
DON'T BUY
June 4, 2018

He has a price target of $30 on this and the fair market value is only about $32. Despite the turnaround in this company it has not created a tremendous amount of value. It has a strong technical resistance point about two times book value.

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He has a price target of $30 on this and the fair market value is only about $32. Despite the turnaround in this company it has not created a tremendous amount of value. It has a strong technical resistance point about two times book value.

TOP PICK
TOP PICK
March 19, 2018

This company owns Sobeys’, who acquired Safeway. They have turned things around and “Project Sunrise” is working to centralize things. Same-store traffic and margins are improving. They are doing very well in a very competitive sector. The stock now has momentum. Yield 1.7%. (Analysts’ price target is $28.28 )

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This company owns Sobeys’, who acquired Safeway. They have turned things around and “Project Sunrise” is working to centralize things. Same-store traffic and margins are improving. They are doing very well in a very competitive sector. The stock now has momentum. Yield 1.7%. (Analysts’ price target is $28.28 )

TOP PICK
TOP PICK
January 26, 2018

A turnaround story. Groceries is a tough business. Sobey's has new management and more centralized control, along with cost cutting. (Analysts' price target is $28.)

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A turnaround story. Groceries is a tough business. Sobey's has new management and more centralized control, along with cost cutting. (Analysts' price target is $28.)

DON'T BUY
DON'T BUY
December 14, 2017

A year ago they went through a restructuring and then a big acquisition in Safeway. They were left with a banner that had few discount brands in Western Canada, then tinkered with their loyalty program and that upset consumers. Last quarter the results were not liked. He used to have it but now prefers WN-T or L-T.

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A year ago they went through a restructuring and then a big acquisition in Safeway. They were left with a banner that had few discount brands in Western Canada, then tinkered with their loyalty program and that upset consumers. Last quarter the results were not liked. He used to have it but now prefers WN-T or L-T.

WAIT
WAIT
December 14, 2017

This has been acting quite well recently, and doesn't know if this is a bottom or a top. It’s a good company. They made a mess of their acquisition in Alberta and have a plan to fix things. The multiple is extremely high. There’s been a lot of anticipation that this turnaround is going to happen more quickly than he thinks is possible. Looking into 2018 the stock looks fully priced. He isn’t a fan of the grocery business. Wait to see how well they do in turning things around in Alberta.

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This has been acting quite well recently, and doesn't know if this is a bottom or a top. It’s a good company. They made a mess of their acquisition in Alberta and have a plan to fix things. The multiple is extremely high. There’s been a lot of anticipation that this turnaround is going to happen more quickly than he thinks is possible. Looking into 2018 the stock looks fully priced. He isn’t a fan of the grocery business. Wait to see how well they do in turning things around in Alberta.

DON'T BUY
DON'T BUY
December 8, 2017

This has rebounded quite nicely off the low, and are showing signs that the turnaround is working. Whether to buy it today is a very tricky decision. He doesn’t think you can understate the impact of the on-line threat. They are dealing with razor thin margins, so what happens when they start shipping out their groceries at $10 a box. He would stay away from the whole group.

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This has rebounded quite nicely off the low, and are showing signs that the turnaround is working. Whether to buy it today is a very tricky decision. He doesn’t think you can understate the impact of the on-line threat. They are dealing with razor thin margins, so what happens when they start shipping out their groceries at $10 a box. He would stay away from the whole group.

COMMENT
COMMENT
November 24, 2017

It seems as though the turnaround story is taking hold. The Canadian grocery space is a tough place to be. Pricing is competitive. They have issues with Amazon (AMZN-Q) digging deeper and deeper into the grocery space. Minimum wages are going up across the board. On a relative basis, this looks as good as any.

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It seems as though the turnaround story is taking hold. The Canadian grocery space is a tough place to be. Pricing is competitive. They have issues with Amazon (AMZN-Q) digging deeper and deeper into the grocery space. Minimum wages are going up across the board. On a relative basis, this looks as good as any.

TOP PICK
TOP PICK
November 13, 2017

This is a turnaround in the food business. The acquisition was bad and they did not understand what they were getting. They brought in new management with a new way of looking at it. (Analysts’ target: $27.50).

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This is a turnaround in the food business. The acquisition was bad and they did not understand what they were getting. They brought in new management with a new way of looking at it. (Analysts’ target: $27.50).

COMMENT
COMMENT
September 27, 2017

Loblaw (L-T), Empire (EMP.A-T) or Metro (MRU-T)? Loblaw has proven to be the best run grocer in Canada. This company has had its challenges but under the new CEO, it is showing that it is starting to come back. If you are a turnaround person, even though it has had a big run already, it is starting to outperform off a very bad low, and has the most turnaround potential.

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Empire Company (A) (EMP.A-T)
September 27, 2017

Loblaw (L-T), Empire (EMP.A-T) or Metro (MRU-T)? Loblaw has proven to be the best run grocer in Canada. This company has had its challenges but under the new CEO, it is showing that it is starting to come back. If you are a turnaround person, even though it has had a big run already, it is starting to outperform off a very bad low, and has the most turnaround potential.

WAIT
WAIT
July 26, 2017

This has come up with a plan which encouraged the market, but he feels the market has gotten a little ahead of itself. He hasn’t quite seen how the plan is going to impact them and work on a long-term basis. He would tend to be on the sidelines for a while.

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This has come up with a plan which encouraged the market, but he feels the market has gotten a little ahead of itself. He hasn’t quite seen how the plan is going to impact them and work on a long-term basis. He would tend to be on the sidelines for a while.

COMMENT
COMMENT
July 4, 2017

Sell because of the Amazon-Whole Foods deal? There are only 11 or 13 Whole Foods stores in Canada. Empire has its own problems in fixing Safeway in Western Canada. When Amazon announced the deal, Canadian stocks dropped 3%-5%. It will take a few years for Amazon to roll out their US stores. If he were forced to own one food store in Canada, it would be Loblaw’s (L-T).

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Sell because of the Amazon-Whole Foods deal? There are only 11 or 13 Whole Foods stores in Canada. Empire has its own problems in fixing Safeway in Western Canada. When Amazon announced the deal, Canadian stocks dropped 3%-5%. It will take a few years for Amazon to roll out their US stores. If he were forced to own one food store in Canada, it would be Loblaw’s (L-T).

COMMENT
COMMENT
June 13, 2017

Had owned this for a long time, but is frightened at what is going to happen with the grocery space. There are a couple of European grocery chains that have come into the US, that have phenomenal low prices and terrific stores. It is only a matter of time until they come to Canada. When you walk through Sobey’s stores, they are not up to snuff.

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Had owned this for a long time, but is frightened at what is going to happen with the grocery space. There are a couple of European grocery chains that have come into the US, that have phenomenal low prices and terrific stores. It is only a matter of time until they come to Canada. When you walk through Sobey’s stores, they are not up to snuff.

WAIT
WAIT
May 18, 2017

This company has had a tough time. They had a “drop the ball” situation in Alberta. They now have a three-year plan and are going to spend $500 million to bring their stores up. However, it is early yet. He would sit on the sidelines for a while, to see how it works out.

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This company has had a tough time. They had a “drop the ball” situation in Alberta. They now have a three-year plan and are going to spend $500 million to bring their stores up. However, it is early yet. He would sit on the sidelines for a while, to see how it works out.

DON'T BUY
DON'T BUY
April 28, 2017

They made a huge purchase of Safeway at just the wrong time, just before the Western economy fell apart. This isn’t the 1st time they have stumbled, in one way or another. They will eventually pull out of this, but they are behind the 8 ball right now. He prefers Loblaws (L-T), which is the dominant player in Canada. It also has the biggest reach into the discount outlets.

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They made a huge purchase of Safeway at just the wrong time, just before the Western economy fell apart. This isn’t the 1st time they have stumbled, in one way or another. They will eventually pull out of this, but they are behind the 8 ball right now. He prefers Loblaws (L-T), which is the dominant player in Canada. It also has the biggest reach into the discount outlets.

PAST TOP PICK
PAST TOP PICK
April 10, 2017

(Top Pick Mar 18/16, Down 6%) He thought the bad news was in the stock, but then they wrote off the other half of the costs. They have a new CEO now. It will get turned around eventually.

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(Top Pick Mar 18/16, Down 6%) He thought the bad news was in the stock, but then they wrote off the other half of the costs. They have a new CEO now. It will get turned around eventually.

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Empire Company (A)(EMP.A-T) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 1

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 1

Stockchase rating for Empire Company (A) is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Empire Company (A)(EMP.A-T) Frequently Asked Questions

What is Empire Company (A) stock symbol?

Empire Company (A) is a Canadian stock, trading under the symbol EMP.A-T on the Toronto Stock Exchange (EMP-A-CT). It is usually referred to as TSX:EMP.A or EMP.A-T

Is Empire Company (A) a buy or a sell?

In the last year, 1 stock analyst published opinions about EMP.A-T. 1 analyst recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is TOP PICK. Read the latest stock experts' ratings for Empire Company (A).

Is Empire Company (A) a good investment or a top pick?

Empire Company (A) was recommended as a Top Pick by Robert McWhirter on 2020-06-30. Read the latest stock experts ratings for Empire Company (A).

Why is Empire Company (A) stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Empire Company (A) worth watching?

1 stock analyst on Stockchase covered Empire Company (A) In the last year. It is a trending stock that is worth watching.

What is Empire Company (A) stock price?

On 2020-08-14, Empire Company (A) (EMP.A-T) stock closed at a price of $35.77.