Kingfisher plc (LON:KGF) Insider Bill Lennie Buys 50,000 Shares

Kingfisher plc (LON:KGF) insider Bill Lennie purchased 50,000 shares of Kingfisher stock in a transaction that occurred on Friday, May 30th. The stock was purchased at an average price of GBX 277 ($3.75) per share, with a total value of £138,500 ($187,618.53).

Kingfisher Stock Performance

KGF opened at GBX 279.40 ($3.78) on Tuesday. The business has a fifty day simple moving average of GBX 277.79 and a 200 day simple moving average of GBX 261.49. The company has a market capitalization of £4.94 billion, a PE ratio of 14.89, a price-to-earnings-growth ratio of 2.87 and a beta of 0.96. The company has a debt-to-equity ratio of 7.12, a current ratio of 1.26 and a quick ratio of 0.27. Kingfisher plc has a 1 year low of GBX 227.20 ($3.08) and a 1 year high of GBX 333.50 ($4.52).

Kingfisher (LON:KGF) last released its earnings results on Tuesday, March 25th. The home improvement retailer reported GBX 20.70 ($0.28) earnings per share for the quarter. Kingfisher had a return on equity of 5.23% and a net margin of 2.68%. Research analysts expect that Kingfisher plc will post 23.6949924 EPS for the current year.

Kingfisher Increases Dividend

The business also recently announced a dividend, which will be paid on Monday, June 30th. Stockholders of record on Thursday, May 22nd will be given a dividend of GBX 19.72 ($0.27) per share. This represents a dividend yield of 3.44%. This is an increase from Kingfisher’s previous dividend of $3.80. The ex-dividend date of this dividend is Thursday, May 22nd. Kingfisher’s dividend payout ratio is presently 63.94%.

Analyst Upgrades and Downgrades

Separately, Barclays downgraded Kingfisher to an “underweight” rating and boosted their price target for the company from GBX 275 ($3.73) to GBX 280 ($3.79) in a research note on Tuesday, May 20th.

Kingfisher Company Profile

Kingfisher plc is an international home improvement company with over 2,000 stores, supported by a team of over 78,000 colleagues. We operate in eight countries across Europe under retail banners including B&Q, Castorama, Brico Dépôt, Screwfix, TradePoint and Koçtaş. We offer home improvement products and services to consumers and trade professionals who shop in our stores and via our e-commerce channels.