Burberry Group (LON:BRBY) Reaches New 12-Month Low at $917.20

Burberry Group plc (LON:BRBY - Get Free Report)'s share price hit a new 52-week low during trading on Thursday . The stock traded as low as GBX 917.20 ($11.64) and last traded at GBX 936.60 ($11.88), with a volume of 14539834 shares. The stock had previously closed at GBX 961.80 ($12.20).

Analysts Set New Price Targets

Several equities analysts have recently weighed in on BRBY shares. Royal Bank of Canada reduced their price objective on shares of Burberry Group from GBX 1,500 ($19.03) to GBX 1,200 ($15.22) and set a "sector perform" rating for the company in a research report on Thursday, April 4th. JPMorgan Chase & Co. restated a "neutral" rating and set a GBX 1,050 ($13.32) target price on shares of Burberry Group in a report on Tuesday. One research analyst has rated the stock with a sell rating and five have issued a hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of GBX 1,540.67 ($19.54).

Burberry Group Trading Down 2.1 %

The company has a 50 day moving average of GBX 1,072.21 and a 200 day moving average of GBX 1,219.63. The firm has a market cap of £3.23 billion, a P/E ratio of 1,215.95, a PEG ratio of 1.85 and a beta of 1.13. The company has a debt-to-equity ratio of 135.70, a quick ratio of 1.63 and a current ratio of 1.66.

Burberry Group Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, August 2nd. Shareholders of record on Thursday, June 27th will be given a GBX 42.70 ($0.54) dividend. This represents a yield of 3.59%. This is an increase from Burberry Group's previous dividend of $18.30. The ex-dividend date of this dividend is Thursday, June 27th. Burberry Group's payout ratio is currently 8,243.24%.

Insider Transactions at Burberry Group

In other Burberry Group news, insider Jonathan Akeroyd sold 12,911 shares of the stock in a transaction on Monday, June 17th. The shares were sold at an average price of GBX 974 ($12.36), for a total transaction of £125,753.14 ($159,524.47). 0.19% of the stock is currently owned by company 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.