Burberry Group plc (LON:BRBY) Insider Alan Stewart Purchases 2,155 Shares

Burberry Group plc (LON:BRBY – Get Rating) insider Alan Stewart purchased 2,155 shares of the firm’s stock in a transaction that occurred on Friday, May 19th. The shares were acquired at an average cost of GBX 2,320 ($29.06) per share, for a total transaction of £49,996 ($62,628.08).

Burberry Group Stock Performance

Shares of LON BRBY opened at GBX 2,290 ($28.69) on Friday. The company has a current ratio of 2.26, a quick ratio of 1.63 and a debt-to-equity ratio of 98.82. Burberry Group plc has a 12 month low of GBX 1,529 ($19.15) and a 12 month high of GBX 2,656 ($33.27). The company has a 50 day simple moving average of GBX 2,488.60 and a two-hundred day simple moving average of GBX 2,319.74. The stock has a market cap of £8.66 billion, a price-to-earnings ratio of 2,063.06, a PEG ratio of 2.15 and a beta of 1.17.

Burberry Group Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, August 4th. Shareholders of record on Thursday, June 29th will be paid a dividend of GBX 44.50 ($0.56) per share. This represents a yield of 1.77%. This is a boost from Burberry Group’s previous dividend of $16.50. The ex-dividend date of this dividend is Thursday, June 29th. Burberry Group’s payout ratio is presently 4,684.68%.

Wall Street Analysts Forecast Growth

BRBY has been the topic of a number of research analyst reports. Berenberg Bank upped their price target on shares of Burberry Group from GBX 1,730 ($21.67) to GBX 2,400 ($30.06) and gave the stock a “hold” rating in a report on Friday. JPMorgan Chase & Co. reiterated a “neutral” rating and set a GBX 2,250 ($28.18) target price on shares of Burberry Group in a report on Friday. Royal Bank of Canada increased their price target on shares of Burberry Group from GBX 2,040 ($25.55) to GBX 2,200 ($27.56) and gave the company a “sector perform” rating in a research report on Tuesday, January 24th. Finally, Barclays reissued an “equal weight” rating and set a GBX 2,360 ($29.56) price target on shares of Burberry Group in a research report on Friday. Five analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of GBX 2,282 ($28.59).

Burberry Group Company Profile

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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.