Burberry Group (LON:BRBY) Posts Quarterly Earnings Results

Burberry Group (LON:BRBY) issued its quarterly earnings results on Thursday. The company reported GBX 0.60 earnings per share (EPS) for the quarter, Digital Look Earnings reports. Burberry Group had a return on equity of 23.93% and a net margin of 9.10%.

Burberry Group Stock Up 3.0%

Shares of LON BRBY traded up GBX 37.16 during midday trading on Thursday, reaching GBX 1,290.66. The company’s stock had a trading volume of 2,725,385 shares, compared to its average volume of 5,211,492. Burberry Group has a fifty-two week low of GBX 597 and a fifty-two week high of GBX 1,375. The stock has a 50 day simple moving average of GBX 1,196.87 and a 200-day simple moving average of GBX 1,139.22. The stock has a market capitalization of £4.66 billion, a price-to-earnings ratio of -61.75, a PEG ratio of 1.66 and a beta of 1.06. The company has a current ratio of 1.66, a quick ratio of 1.63 and a debt-to-equity ratio of 136.53.

Insider Transactions at Burberry Group

In related news, insider Orna NiChionna purchased 1,208 shares of the stock in a transaction on Friday, September 5th. The shares were purchased at an average price of GBX 1,234 per share, with a total value of £14,906.72. Insiders own 0.63% of the company’s stock.

Analyst Upgrades and Downgrades

BRBY has been the topic of a number of research reports. Jefferies Financial Group upped their target price on shares of Burberry Group from GBX 580 to GBX 680 and gave the company an “underperform” rating in a research report on Tuesday, September 23rd. UBS Group restated a “buy” rating and issued a GBX 1,575 price objective on shares of Burberry Group in a report on Friday, November 7th. HSBC reaffirmed a “buy” rating and issued a GBX 1,600 price objective on shares of Burberry Group in a research note on Tuesday, September 2nd. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a GBX 1,000 target price on shares of Burberry Group in a research report on Monday, July 21st. Finally, Citigroup raised their price target on Burberry Group from GBX 1,250 to GBX 1,600 and gave the stock a “buy” rating in a research report on Monday, July 28th. Four equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Burberry Group has a consensus rating of “Moderate Buy” and an average price target of GBX 1,309.17.

Burberry Group Company Profile

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.