Burberry Group (LON:BRBY) Shares Down 7.1% - What's Next?

Key Points

• Burberry Group's stock price experienced a significant drop of 7.1%, trading as low as GBX 1,152.50 ($15.59) during mid-day on Tuesday.
• Despite the decline, HSBC and Citigroup have both reaffirmed a "buy" rating, with target prices raised to GBX 1,600.
• Insider transactions indicate confidence, with insiders purchasing a total of 34,180 shares valued at $36.8 million over the last 90 days.

Shares of Burberry Group plc (LON:BRBY - Get Free Report) were down 7.1% during 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). Approximately 1,956,127 shares changed hands during trading, a decline of 68% from the average daily volume of 6,175,073 shares. The stock had previously closed at GBX 1,272 ($17.25).

Analyst Ratings Changes

Several research analysts have commented on BRBY shares. Citigroup lifted their price target on shares of 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 restated a "buy" rating and issued a GBX 1,600 target price on shares of Burberry Group in a report on Tuesday, September 2nd. Finally, Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a GBX 1,000 target price on shares of Burberry Group in a report on Monday, July 21st. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Burberry Group has an average rating of "Moderate Buy" and a consensus price target of GBX 1,350.

Burberry Group Trading Down 2.9%

The stock has a market cap of £3.86 billion, a P/E ratio of -5,136.36, a PEG 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 stock's fifty day moving average price is GBX 1,238.74 and its 200 day moving average price is GBX 1,023.23.

Insider Activity

In other Burberry Group news, insider Orna NiChionna bought 1,208 shares of the company's stock in a transaction dated Friday, September 5th. The shares were purchased at an average price of GBX 1,234 per share, for a total transaction of £14,906.72. Also, insider Joshua Schulman bought 29,744 shares of the company's stock in a transaction dated Friday, June 27th. The shares were acquired at an average price of GBX 1,069 per share, for a total transaction of £317,963.36. In the last 90 days, insiders have acquired 34,180 shares of company stock worth $36,837,808. Corporate insiders own 0.63% 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.