Burberry Group (LON:BRBY) Shares Down 6.8% – Time to Sell?

Burberry Group plc (LON:BRBY)’s share price fell 6.8% 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 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 research firms have weighed in on BRBY. Jefferies Financial Group reaffirmed an “underperform” rating and set a GBX 940 price objective on shares of Burberry Group in a research report on Friday. UBS Group reaffirmed a “buy” rating and set a GBX 1,410 price objective on shares of Burberry Group in a research report on Monday, May 11th. Berenberg Bank cut 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. Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 1,400 price target on shares of Burberry Group in a report on Thursday, January 22nd. Finally, Citigroup raised their price target on Burberry Group from GBX 1,570 to GBX 1,590 and gave the company a “buy” rating in a report on Monday, January 26th. Six research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of GBX 1,325.56.

Burberry Group Stock Performance

The company has a quick ratio of 1.63, a current ratio of 1.87 and a debt-to-equity ratio of 162.02. The firm has a fifty day moving average of GBX 1,111.46 and a 200-day moving average of GBX 1,178.65. The stock has a market capitalization of £3.73 billion, a price-to-earnings ratio of -144.76, a PEG ratio of 1.66 and a beta of 0.68.

Burberry Group (LON:BRBY) last released its quarterly earnings results on Thursday, May 14th. The company reported GBX 15.20 earnings per share for the quarter. The company had revenue of GBX 242 billion during the quarter. Burberry Group had a return on equity of 2.29% and a net margin of 0.87%. As a group, sell-side analysts anticipate that Burberry Group plc will post 32.6294821 EPS for the current year.

Insiders Place Their Bets

In related news, insider Stella King purchased 608 shares of the company’s stock in a transaction on Friday, March 20th. The stock was bought at an average price of GBX 1,024 per share, with a total value of £6,225.92. 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.