Frasers Group (LON:FRAS) Posts Quarterly Earnings Results

Frasers Group (LON:FRAS) announced its quarterly earnings data on Thursday. The company reported GBX 79.20 EPS for the quarter, Digital Look Earnings reports. Frasers Group had a return on equity of 21.64% and a net margin of 9.42%.

Frasers Group Stock Down 3.1%

FRAS stock traded down GBX 23.70 during mid-day trading on Thursday, hitting GBX 739.30. The stock had a trading volume of 127,206 shares, compared to its average volume of 1,206,179. The stock has a market capitalization of £3.18 billion, a price-to-earnings ratio of 6.85, a PEG ratio of 0.30 and a beta of 1.23. The company has a fifty day moving average of GBX 731.72 and a 200 day moving average of GBX 697.26. The company has a current ratio of 2.08, a quick ratio of 0.64 and a debt-to-equity ratio of 98.60. Frasers Group has a 1-year low of GBX 598 and a 1-year high of GBX 819.50.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Royal Bank Of Canada increased their price objective on Frasers Group from GBX 720 to GBX 750 and gave the stock an “underperform” rating in a research report on Tuesday, June 16th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 1,100 price objective on shares of Frasers Group in a research report on Thursday, July 2nd. Finally, Shore Capital Group reaffirmed a “hold” rating on shares of Frasers Group in a research note on Tuesday, June 16th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of GBX 925.

About Frasers Group

Frasers Group Plc, together with its subsidiaries, retails sports and leisure clothing, footwear, equipment, accessories, and apparel through department stores, shops, and online in the United Kingdom, Europe, the United States, Asia, Oceania, and internationally. The company operates through four segments: UK Sports Retail, Premium Lifestyle, International Retail, and Wholesale & Licensing. It is also involved in the wholesale distribution and sale of sports and leisure clothing, footwear, equipment, and apparel; and licensing activities.