Kingfisher (LON:KGF) Shares Down 13.5% – Should You Sell?

Kingfisher plc (LON:KGF)’s share price dropped 13.5% during mid-day trading on Tuesday . The company traded as low as GBX 238.70 ($3.09) and last traded at GBX 241.97 ($3.13). Approximately 1,843,341,875 shares traded hands during mid-day trading, an increase of 2,725% from the average daily volume of 65,247,035 shares. The stock had previously closed at GBX 279.70 ($3.62).

Kingfisher Stock Performance

The company has a current ratio of 1.26, a quick ratio of 0.27 and a debt-to-equity ratio of 7.12. The stock has a market capitalization of £4.37 billion, a price-to-earnings ratio of 13.18, a price-to-earnings-growth ratio of 2.87 and a beta of 0.96. The firm’s fifty day moving average price is GBX 251.17 and its 200 day moving average price is GBX 270.47.

Kingfisher (LON:KGF) last released its quarterly earnings results on Tuesday, March 25th. The home improvement retailer reported GBX 20.70 ($0.27) EPS for the quarter. Kingfisher had a return on equity of 5.23% and a net margin of 2.68%. Analysts forecast that Kingfisher plc will post 23.6949924 EPS for the current fiscal year.

Kingfisher Increases Dividend

The company also recently announced a dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 27th will be given a GBX 19.72 ($0.26) dividend. This is an increase from Kingfisher’s previous dividend of $3.80. This represents a yield of 3.44%. The ex-dividend date is Thursday, March 27th. Kingfisher’s payout ratio is currently 63.94%.

Kingfisher Company Profile

Kingfisher plc is an international home improvement company with over 2,000 stores, supported by a team of over 78,000 colleagues. We operate in eight countries across Europe under retail banners including B&Q, Castorama, Brico Dépôt, Screwfix, TradePoint and Koçtaş. We offer home improvement products and services to consumers and trade professionals who shop in our stores and via our e-commerce channels.