Burberry Group - BRBY Share Forecast, Price & News

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. The company also licenses third parties to manufacture and distribute products using the Burberry trademarks. Burberry Group plc sells its products through Burberry mainline stores, concessions, outlets, digital commerce, Burberry franchisees, department stores, and multi-brand specialty accounts, as well as through Burberry.com website. As of April 2, 2022, the company operated 218 stores, 143 concession stores, 57 outlets, and 38 franchise stores. It operates in the Asia Pacific, Europe, the Middle East, India, Africa, and the Americas. Burberry Group plc was founded in 1856 and is headquartered in London, the United Kingdom.

Burberry Group Stock Down 0.1 %

Shares of LON:BRBY opened at GBX 1,796 ($21.70) on Friday. The firm's 50-day moving average is GBX 1,689.07 and its two-hundred day moving average is GBX 1,702.10. The company has a debt-to-equity ratio of 86.64, a current ratio of 2.53 and a quick ratio of 1.94. Burberry Group has a 1 year low of GBX 1,473.50 ($17.80) and a 1 year high of GBX 2,149 ($25.97). The firm has a market capitalization of £7.09 billion and a PE ratio of 1,832.65.

Burberry Group Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, August 5th. Investors of record on Thursday, June 30th were given a dividend of GBX 35.40 ($0.43) per share. This represents a yield of 2.24%. The ex-dividend date of this dividend was Thursday, June 30th. This is a boost from Burberry Group's previous dividend of $11.60. Burberry Group's dividend payout ratio (DPR) is currently 4,795.92%.

Analyst Upgrades and Downgrades

BRBY has been the topic of several analyst reports. JPMorgan Chase & Co. reissued a "neutral" rating and issued a GBX 1,900 ($22.96) price objective on shares of Burberry Group in a research note on Friday, June 24th. Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a GBX 1,950 ($23.56) price objective on shares of Burberry Group in a research report on Monday, July 18th. Morgan Stanley restated an "equal weight" rating on shares of Burberry Group in a research report on Wednesday, May 11th. Barclays reaffirmed an "equal weight" rating and set a GBX 2,070 ($25.01) target price on shares of Burberry Group in a research note on Monday, July 18th. Finally, Royal Bank of Canada reissued a "sector perform" rating and set a GBX 1,700 ($20.54) price objective on shares of Burberry Group in a report on Tuesday, July 19th. Six equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of GBX 1,934 ($23.37).

Insiders Place Their Bets

In related news, insider Jonathan Akeroyd sold 49,037 shares of the business's stock in a transaction that occurred on Thursday, June 30th. The stock was sold at an average price of GBX 1,619 ($19.56), for a total transaction of £793,909.03 ($959,290.76). In the last ninety days, insiders have sold 83,434 shares of company stock valued at $135,045,529.