DFS Furniture (LON:DFS) Stock Falls 3.7% – Here’s Why

DFS Furniture plc (LON:DFS)’s stock price was down 3.7% on Friday. The stock traded as low as GBX 120 and last traded at GBX 129. Approximately 928,686 shares changed hands during trading, an increase of 53% from the average daily volume of 608,637 shares. The stock had previously closed at GBX 134.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on DFS. Jefferies Financial Group decreased their price target on shares of DFS Furniture from GBX 210 to GBX 156 and set a “hold” rating for the company in a research report on Thursday, October 22nd. Berenberg Bank reissued a “buy” rating and issued a GBX 210 price objective on shares of DFS Furniture in a research report on Friday, September 25th. Finally, Shore Capital Group restated a “buy” rating and set a GBX 180 price objective on shares of DFS Furniture in a research note on Thursday, September 24th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of GBX 182.

DFS Furniture Trading Down 3.7%

The business’s 50-day moving average price is GBX 141.65 and its 200 day moving average price is GBX 146.12. The company has a debt-to-equity ratio of 135.99, a current ratio of 0.25 and a quick ratio of 0.10. The firm has a market capitalization of £304.44 million, a price-to-earnings ratio of 8.72, a PEG ratio of 0.56 and a beta of 1.48.

DFS Furniture (LON:DFS) last announced its earnings results on Thursday, September 24th. The company reported GBX 13.80 earnings per share for the quarter. DFS Furniture had a net margin of 3.30% and a return on equity of 12.31%. On average, equities analysts forecast that DFS Furniture plc will post 7.26 earnings per share for the current fiscal year.

About DFS Furniture

DFS Group is the leading sofa retail specialist in the UK and since 1969 we’ve been passionate about making and selling high quality, great looking sofas.