Jamieson Wellness (TSE:JWEL) Shares Down 0.1% – Here’s Why

Jamieson Wellness Inc. (TSE:JWEL) traded down 0.1% during trading on Friday. The company traded as low as C$45.47 and last traded at C$45.49. Approximately 338,716 shares changed hands during mid-day trading, an increase of 123% from the average daily volume of 151,723 shares. The stock had previously closed at C$45.53.

Wall Street Analysts Forecast Growth

JWEL has been the topic of several research analyst reports. Stifel Nicolaus cut Jamieson Wellness from a “buy” rating to a “hold” rating and boosted their price objective for the stock from C$45.00 to C$45.75 in a research report on Friday, August 7th. TD lowered shares of Jamieson Wellness from a “hold” rating to a “sell” rating and reduced their price objective for the company from C$49.00 to C$45.75 in a research note on Friday, October 2nd. Canadian Imperial Bank of Commerce downgraded shares of Jamieson Wellness from an “outperformer” rating to a “tender” rating and increased their price target for the stock from C$44.00 to C$45.75 in a report on Friday, August 7th. National Bank Financial downgraded Jamieson Wellness from an “outperform” rating to a “tender” rating and lowered their price objective for the stock from C$51.00 to C$45.75 in a research report on Monday, August 31st. Finally, Canaccord Genuity Group lowered shares of Jamieson Wellness from a “buy” rating to a “hold” rating and lifted their target price for the company from C$44.50 to C$45.75 in a research report on Monday, August 10th. One equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Jamieson Wellness currently has a consensus rating of “Hold” and an average target price of C$46.07.

Jamieson Wellness Stock Performance

The company has a debt-to-equity ratio of 93.69, a quick ratio of 1.08 and a current ratio of 3.41. The company has a market cap of C$1.89 billion, a P/E ratio of 24.86 and a beta of 1.37. The business has a 50 day moving average price of C$45.50 and a two-hundred day moving average price of C$40.49.

Jamieson Wellness (TSE:JWEL) last issued its earnings results on Thursday, August 6th. The company reported C$0.46 EPS for the quarter. Jamieson Wellness had a net margin of 8.92% and a return on equity of 15.93%. The company had revenue of C$233.84 million for the quarter. On average, sell-side analysts anticipate that Jamieson Wellness Inc. will post 2.14 earnings per share for the current year.

Jamieson Wellness Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 15th were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, August 31st. This is a positive change from Jamieson Wellness’s previous quarterly dividend of $0.23. This represents a $1.00 dividend on an annualized basis and a yield of 2.2%. Jamieson Wellness’s payout ratio is 50.27%.

About Jamieson Wellness

Jamieson Wellness Inc is engaged in the manufacturing, distributing, and marketing of branded natural health products, including vitamins, minerals, and supplements. The company operates in two segments: The Jamieson brands and The Strategic Partners. The majority of its revenue comes from the Jamieson brand segment. Some of its brands are Jamieson, Progressive, Precision, and Iron Vegan. Geographically, most of its revenue is derived from the domestic market.