Burberry Group (LON:BRBY) Hits New 52-Week High - What's Next?

Burberry Group plc (LON:BRBY - Get Free Report)'s share price reached a new 52-week high during trading on Thursday . The stock traded as high as GBX 1,281 ($17.19) and last traded at GBX 1,264 ($16.97), with a volume of 585294 shares traded. The stock had previously closed at GBX 1,222.50 ($16.41).

Wall Street Analyst Weigh In

Separately, Royal Bank Of Canada lowered their price objective on Burberry Group from GBX 1,300 ($17.45) to GBX 1,200 ($16.11) and set an "outperform" rating on the stock in a research report on Friday, March 28th.

Burberry Group Stock Up 5.6%

The stock has a market cap of £4.71 billion, a PE ratio of 17.45, a price-to-earnings-growth ratio of 1.66 and a beta of 1.06. The company has a current ratio of 1.66, a quick ratio of 1.63 and a debt-to-equity ratio of 136.53. The business has a 50-day moving average price of GBX 1,078.87 and a 200-day moving average price of GBX 978.20.

Burberry Group (LON:BRBY - Get Free Report) last announced its earnings results on Wednesday, May 14th. The company reported GBX (14.80) (($0.20)) earnings per share (EPS) for the quarter. Burberry Group had a net margin of 9.10% and a return on equity of 23.93%. As a group, analysts forecast that Burberry Group plc will post 32.6294821 earnings per share for the current year.

Insider Buying and Selling

In other Burberry Group news, insider Joshua Schulman bought 29,744 shares of the firm's stock in a transaction dated Friday, June 27th. The shares were purchased at an average price of GBX 1,069 ($14.35) per share, for a total transaction of £317,963.36 ($426,796.46). Also, insider Kate Ferry bought 3,228 shares of the firm's stock in a transaction dated Friday, June 27th. The shares were acquired at an average price of GBX 1,100 ($14.77) per share, for a total transaction of £35,508 ($47,661.74). Company insiders own 0.70% of the company's stock.

About Burberry Group

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.