Supreme (LON:SUP) Trading Down 1.2%

Shares of Supreme Plc (LON:SUPGet Rating) fell 1.2% during mid-day trading on Thursday . The company traded as low as GBX 85 ($1.03) and last traded at GBX 85 ($1.03). 83,038 shares were traded during trading, a decline of 74% from the average session volume of 313,859 shares. The stock had previously closed at GBX 86 ($1.04).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 170 ($2.05) target price on shares of Supreme in a research report on Tuesday, August 9th.

Supreme Price Performance

The stock’s 50-day moving average price is GBX 96.38 and its 200-day moving average price is GBX 127.23. The company has a market capitalization of £99.13 million and a price-to-earnings ratio of 772.73. The company has a quick ratio of 0.88, a current ratio of 1.95 and a debt-to-equity ratio of 24.64.

Supreme Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, September 30th. Investors of record on Thursday, September 1st will be issued a GBX 3.80 ($0.05) dividend. This is a positive change from Supreme’s previous dividend of $2.20. This represents a yield of 3.02%. The ex-dividend date is Thursday, September 1st. Supreme’s dividend payout ratio is currently 20.00%.

Insider Activity at Supreme

In other Supreme news, insider Sandeep Chadha acquired 250,000 shares of the business’s stock in a transaction that occurred on Monday, July 18th. The shares were acquired at an average cost of GBX 98 ($1.18) per share, for a total transaction of £245,000 ($296,036.73). In other Supreme news, insider Paul Andrew McDonald bought 7,500 shares of Supreme stock in a transaction that occurred on Friday, July 22nd. The stock was acquired at an average price of GBX 103 ($1.24) per share, for a total transaction of £7,725 ($9,334.22). Also, insider Sandeep Chadha bought 250,000 shares of Supreme stock in a transaction that occurred on Monday, July 18th. The shares were acquired at an average price of GBX 98 ($1.18) per share, with a total value of £245,000 ($296,036.73). Insiders have acquired 757,500 shares of company stock worth $66,772,500 over the last ninety days.

Supreme Company Profile

(Get Rating)

Supreme Plc supplies and distributes a range of consumer goods in the United Kingdom and internationally. It operates through Batteries; Lighting; Vaping; Sports Nutrition & Wellness; and Branded Household Consumer Goods segments. The company offers consumer batteries; lighting, energy-saving bulbs, private label lighting, LED light fittings, lamps and light fittings, and point of sale display solutions; sports nutrition and wellness products; smart home LED technology solutions; and custom floor, counter and pallet display stands.

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