Burberry Group (LON:BRBY) Trading Down 7.1% - Here's What Happened

Key Points

• Burberry Group's stock price fell by 7.1%, trading as low as GBX 1,152.50 ($15.61) after closing at GBX 1,272 ($17.23).
• Analysts maintain a consensus "Moderate Buy" rating for Burberry, with price targets varying from GBX 1,000 to GBX 1,600.
• Insider transactions show confidence in the company, with insiders collectively purchasing 34,180 shares over the last ninety days.

Burberry Group plc (LON:BRBY - Get Free Report) shares traded down 7.1% during mid-day trading on Tuesday . The stock traded as low as GBX 1,152.50 ($15.63) and last traded at GBX 1,181.96 ($16.03). 1,956,127 shares were traded during mid-day trading, a decline of 68% from the average session volume of 6,175,073 shares. The stock had previously closed at GBX 1,272 ($17.25).

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on BRBY. Citigroup increased their price target on Burberry Group from GBX 1,250 to GBX 1,600 and gave the stock a "buy" rating in a research note on Monday, July 28th. HSBC reiterated a "buy" rating and set a GBX 1,600 target price on shares of Burberry Group in a research report on Tuesday, September 2nd. Finally, Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a GBX 1,000 price target on shares of Burberry Group in a research note on Monday, July 21st. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of GBX 1,350.

Burberry Group Price Performance

The stock has a market capitalization of £3.97 billion, a PE ratio of -5,287.08, a price-to-earnings-growth ratio of 1.66 and a beta of 1.06. The business's 50-day moving average price is GBX 1,238.74 and its 200 day moving average price is GBX 1,023.73. The company has a debt-to-equity ratio of 136.53, a quick ratio of 1.63 and a current ratio of 1.66.

Insider Buying and Selling

In other Burberry Group news, insider Joshua Schulman bought 29,744 shares of the firm's stock in a transaction on Friday, June 27th. The shares were acquired at an average cost of GBX 1,069 per share, for a total transaction of £317,963.36. Also, insider Orna NiChionna purchased 1,208 shares of the company's stock in a transaction dated Friday, September 5th. The shares were acquired at an average price of GBX 1,234 per share, with a total value of £14,906.72. Insiders acquired a total of 34,180 shares of company stock worth $36,837,808 over the last ninety days. 0.63% of the stock is owned by corporate insiders.

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.