Burberry Group (LON:BRBY) Trading Down 6.8% – What’s Next?

Burberry Group plc (LON:BRBY)’s stock price fell 6.8% during mid-day trading on Thursday . The stock traded as low as GBX 1,065 and last traded at GBX 1,083. 2,906,204 shares changed hands during trading, a decline of 89% from the average session volume of 25,667,338 shares. The stock had previously closed at GBX 1,162.50.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Burberry Group from GBX 1,550 to GBX 1,480 and set a “buy” rating on the stock in a report on Wednesday, April 1st. Berenberg Bank downgraded shares of Burberry Group to a “hold” rating and set a GBX 1,080 target price on the stock. in a research report on Tuesday, May 5th. Citigroup upped their price target on shares of Burberry Group from GBX 1,570 to GBX 1,590 and gave the company a “buy” rating in a research note on Monday, January 26th. Barclays upgraded shares of Burberry Group to an “overweight” rating and lifted their price objective for the stock from GBX 1,340 to GBX 1,450 in a research note on Tuesday, January 27th. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a GBX 1,400 price objective on shares of Burberry Group in a report on Thursday, January 22nd. Six analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of GBX 1,293.33.

Burberry Group Stock Performance

The company has a quick ratio of 1.63, a current ratio of 1.88 and a debt-to-equity ratio of 173.32. The stock has a market capitalization of £3.88 billion, a PE ratio of -150.42, a PEG ratio of 1.66 and a beta of 0.68. The firm has a 50 day moving average price of GBX 1,111.86 and a 200-day moving average price of GBX 1,181.11.

Burberry Group (LON:BRBY) last issued its earnings results on Thursday, May 14th. The company reported GBX 15.20 EPS for the quarter. Burberry Group had a negative return on equity of 2.99% and a negative net margin of 1.12%.The firm had revenue of GBX 242 billion for the quarter. Research analysts expect that Burberry Group plc will post 32.6294821 EPS for the current fiscal year.

Insider Activity at Burberry Group

In other Burberry Group news, insider Stella King bought 608 shares of Burberry Group stock in a transaction that occurred on Friday, March 20th. The stock was purchased at an average price of GBX 1,024 per share, with a total value of £6,225.92. 0.54% of the stock is owned by company insiders.

About Burberry Group

Burberry Group plc, together with its subsidiaries, manufactures, retails, and wholesales luxury goods under the Burberry brand. The company operates in two segments, Retail/Wholesale and Licensing. It provides womenswear, menswear, childrenswear, beauty, eyewear, shoes, and accessories, as well as leather goods, such as bags. The company also licenses third parties to manufacture and distribute products using the Burberry trademarks. It sells its products through Burberry mainline stores, concessions, outlets, digital commerce, Burberry franchisees, department stores, and multi-brand specialty accounts, as well as through Burberry.com website.