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 company traded as low as GBX 1,065 and last traded at GBX 1,083. 2,906,204 shares traded hands during mid-day 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 Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Barclays raised shares of Burberry Group to an “overweight” rating and raised their price objective for the stock from GBX 1,340 to GBX 1,450 in a research note on Tuesday, January 27th. Citigroup boosted their target price 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. Deutsche Bank Aktiengesellschaft lowered their price target 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. UBS Group reaffirmed a “buy” rating and issued a GBX 1,410 price objective on shares of Burberry Group in a report on Monday. Finally, Berenberg Bank downgraded shares of Burberry Group to a “hold” rating and set a GBX 1,080 price objective for the company. in a research report on Tuesday, May 5th. Six investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Burberry Group has an average rating of “Hold” and a consensus price target of GBX 1,293.33.

Burberry Group Stock Performance

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

Burberry Group (LON:BRBY) last announced its earnings results on Thursday, May 14th. The company reported GBX 15.20 earnings per share for the quarter. Burberry Group had a negative return on equity of 2.99% and a negative net margin of 1.12%.The business had revenue of GBX 242 billion during the quarter. On average, analysts anticipate that Burberry Group plc will post 32.6294821 earnings per share for the current fiscal year.

Insider Buying and Selling

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

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. 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.