Burberry Group (LON:BRBY) Stock Price Down 6.4%

Burberry Group plc (LON:BRBY)’s share price traded down 6.4% on Friday . The company traded as low as GBX 898.20 ($11.39) and last traded at GBX 899.80 ($11.41). 4,739,596 shares were traded during mid-day trading, an increase of 167% from the average session volume of 1,772,770 shares. The stock had previously closed at GBX 961.80 ($12.20).

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. JPMorgan Chase & Co. reissued a “neutral” rating and issued a GBX 1,050 ($13.32) price objective on shares of Burberry Group in a research report on Tuesday, June 25th. Royal Bank of Canada lowered their price target on Burberry Group from GBX 1,500 ($19.03) to GBX 1,200 ($15.22) and set a “sector perform” rating for the company in a research report on Thursday, April 4th. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of GBX 1,540.67 ($19.54).

Burberry Group Price Performance

The stock has a 50 day simple moving average of GBX 1,067.12 and a two-hundred day simple moving average of GBX 1,213.24. The firm has a market cap of £3.15 billion, a PE ratio of 1,186.22, a price-to-earnings-growth ratio of 1.85 and a beta of 1.13. The company has a debt-to-equity ratio of 135.70, a quick ratio of 1.63 and a current ratio of 1.66.

Burberry Group Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, August 2nd. Shareholders of record on Thursday, June 27th will be paid a dividend of GBX 42.70 ($0.54) per share. The ex-dividend date of this dividend is Thursday, June 27th. This represents a dividend yield of 3.59%. This is a positive change from Burberry Group’s previous dividend of $18.30. Burberry Group’s dividend payout ratio (DPR) is presently 8,243.24%.

Insider Buying and Selling at Burberry Group

In related news, insider Jonathan Akeroyd sold 12,911 shares of Burberry Group stock in a transaction dated Monday, June 17th. The stock was sold at an average price of GBX 974 ($12.36), for a total value of £125,753.14 ($159,524.47). Company insiders own 0.19% 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.