Burberry Group (LON:BRBY) Share Price Passes Above 200 Day Moving Average - Should You Sell?

Key Points

• Burberry Group plc shares recently surpassed their 200-day moving average, trading at GBX 1,283.75 ($17.06), indicating a potential shift in investor sentiment.
• Analysts have set varying price targets for the stock, with Citigroup raising their target from GBX 1,250 ($16.61) to GBX 1,600 ($21.27) and issuing a "buy" rating.
• The company's latest earnings report showed a net margin of 9.10% and a return on equity of 23.93%, with anticipated earnings of 32.63 per share for the current fiscal year.

Burberry Group plc (LON:BRBY - Get Free Report) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 1,007.94 ($13.56) and traded as high as GBX 1,293 ($17.39). Burberry Group shares last traded at GBX 1,283.75 ($17.27), with a volume of 2,396,546 shares.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Citigroup raised their price objective on shares of Burberry Group from GBX 1,250 ($16.81) to GBX 1,600 ($21.52) and gave the stock a "buy" rating in a report on Monday, July 28th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a GBX 1,000 ($13.45) price objective on shares of Burberry Group in a report on Monday, July 21st.

Burberry Group Trading Down 2.7%

The company has a debt-to-equity ratio of 136.53, a current ratio of 1.66 and a quick ratio of 1.63. The stock has a market cap of £4.28 billion, a P/E ratio of 15.85, a P/E/G ratio of 1.66 and a beta of 1.06. The firm's 50 day moving average price is GBX 1,189.78 and its 200-day moving average price is GBX 1,014.63.

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

Insider Activity at Burberry Group

In related news, insider Joshua Schulman acquired 29,744 shares of Burberry Group stock in a transaction on Friday, June 27th. The stock was bought at an average cost of GBX 1,069 ($14.38) per share, for a total transaction of £317,963.36 ($427,657.51). Also, insider Kate Ferry bought 3,228 shares of Burberry Group stock in a transaction dated Friday, June 27th. The stock was acquired at an average price of GBX 1,100 ($14.79) per share, with a total value of £35,508 ($47,757.90). 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.