Burberry Group (LON:BRBY) Releases Earnings Results

Burberry Group (LON:BRBY) released its quarterly earnings data on Thursday. The company reported GBX 0.60 earnings per share (EPS) for the quarter, Digital Look Earnings reports. Burberry Group had a net margin of 9.10% and a return on equity of 23.93%.

Burberry Group Stock Up 3.0%

BRBY stock traded up GBX 37.16 during trading on Thursday, hitting GBX 1,290.66. 2,725,385 shares of the company’s stock were exchanged, compared to its average volume of 5,211,492. The business has a 50-day moving average price of GBX 1,196.87 and a two-hundred day moving average price of GBX 1,139.22. 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 has a market capitalization of £4.66 billion, a price-to-earnings ratio of -61.75, a PEG ratio of 1.66 and a beta of 1.06. Burberry Group has a 52-week low of GBX 597 and a 52-week high of GBX 1,375.

Wall Street Analyst Weigh In

Several brokerages have recently commented on BRBY. Citigroup upped their price target on Burberry Group from GBX 1,250 to GBX 1,600 and gave the company a “buy” rating in a research note on Monday, July 28th. Royal Bank Of Canada restated an “outperform” rating and issued a GBX 1,400 price objective on shares of Burberry Group in a report on Thursday, September 25th. Jefferies Financial Group upped their target price on shares of Burberry Group from GBX 580 to GBX 680 and gave the company an “underperform” rating in a research report on Tuesday, September 23rd. HSBC reiterated a “buy” rating and set a GBX 1,600 price target on shares of Burberry Group in a research report on Tuesday, September 2nd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a GBX 1,000 price objective on shares of Burberry Group in a research report on Monday, July 21st. Four research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of GBX 1,309.17.

Insider Activity

In other news, insider Orna NiChionna bought 1,208 shares of Burberry Group stock in a transaction dated Friday, September 5th. The stock was acquired at an average cost of GBX 1,234 per share, with a total value of £14,906.72. 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.