Wickes Group (LON:WIX) Sets New 1-Year High After Dividend Announcement

Shares of Wickes Group plc (LON:WIX - Get Free Report) reached a new 52-week high on Thursday after the company announced a dividend. The company traded as high as GBX 186 ($2.40) and last traded at GBX 182.77 ($2.36), with a volume of 1855642 shares trading hands. The stock had previously closed at GBX 171.60 ($2.22).

The newly announced dividend which will be paid on Friday, June 6th. Investors of record on Thursday, April 24th will be issued a GBX 7.30 ($0.09) dividend. This is an increase from Wickes Group's previous dividend of $3.60. The ex-dividend date of this dividend is Thursday, April 24th. This represents a dividend yield of 4.01%. Wickes Group's dividend payout ratio (DPR) is 88.93%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Shore Capital reaffirmed a "not rated" rating on shares of Wickes Group in a report on Thursday. Canaccord Genuity Group reiterated a "buy" rating and issued a GBX 198 ($2.56) target price on shares of Wickes Group in a report on Thursday.

Wickes Group Stock Down 0.1 %

The business has a fifty day moving average price of GBX 167.58 and a two-hundred day moving average price of GBX 161.46. The firm has a market cap of £410.54 million, a PE ratio of 14.02, a P/E/G ratio of 0.79 and a beta of 0.78. The company has a debt-to-equity ratio of 456.98, a current ratio of 1.10 and a quick ratio of 0.58.

Wickes Group (LON:WIX - Get Free Report) last posted its quarterly earnings results on Thursday, March 20th. The company reported GBX 14.10 ($0.18) EPS for the quarter. Wickes Group had a net margin of 2.01% and a return on equity of 19.39%. On average, analysts anticipate that Wickes Group plc will post 16.2278978 EPS for the current fiscal year.

Remove Ads

Wickes Group Company Profile

Wickes is one of the UK's best known home improvement retailers. Having opened our first store in 1972 we now have over 230 stores across the UK, employing 8,500 colleagues and offering products ranging from kitchens and bathrooms, to paint, tools and timber. Wickes is a successful, growing, cash generative and profitable business, operating in the large and growing £25 billion UK Home Improvement market.