DFS Furniture (LON:DFS) Hits New 52-Week Low - Here's What Happened

Key Points

• DFS Furniture's shares hit a new 52-week low, trading as low as GBX 124 and last at GBX 125.50 on Wednesday with a volume of 2,017,978 shares.
• Analysts maintain an average "Buy" rating with a consensus target of GBX 222.50, although Berenberg and Jefferies recently trimmed their price targets to GBX 235 and GBX 210 respectively.
• The company shows stretched liquidity and leverage metrics—current ratio 0.27, quick ratio 0.10 and debt-to-equity 150.97—while carrying a market cap of £290.01m and a P/E of 12.18.

DFS Furniture plc (LON:DFS - Get Free Report)'s share price hit a new 52-week low during trading on Wednesday . The company traded as low as GBX 124 and last traded at GBX 125.50, with a volume of 2017978 shares. The stock had previously closed at GBX 125.

Analyst Upgrades and Downgrades

Several analysts have commented on DFS shares. Shore Capital Group reissued a "no recommendation" rating on shares of DFS Furniture in a research report on Tuesday, January 20th. Berenberg Bank cut their price objective on shares of DFS Furniture from GBX 247 to GBX 235 and set a "buy" rating on the stock in a research report on Monday. Finally, Jefferies Financial Group reduced their price objective on shares of DFS Furniture from GBX 230 to GBX 210 and set a "buy" rating for the company in a research note on Monday. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, DFS Furniture currently has an average rating of "Buy" and an average target price of GBX 222.50.

DFS Furniture Price Performance

The stock has a 50-day moving average price of GBX 183.22 and a two-hundred day moving average price of GBX 167.99. The company has a current ratio of 0.27, a quick ratio of 0.10 and a debt-to-equity ratio of 150.97. The stock has a market cap of £290.01 million, a price-to-earnings ratio of 12.18, a PEG ratio of 0.56 and a beta of 1.26.

DFS Furniture (LON:DFS - Get Free Report) last announced its earnings results on Thursday, March 19th. The company reported GBX 9.80 earnings per share (EPS) for the quarter. DFS Furniture had a return on equity of 13.23% and a net margin of 3.27%. As a group, equities research analysts forecast that DFS Furniture plc will post 7.25545 EPS for the current year.

DFS Furniture Company Profile

DFS Group is the leading sofa retail specialist in the UK and since 1969 we've been passionate about making and selling high quality, great looking sofas.

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