DFS Furniture (LON:DFS) Sets New 1-Year High – Still a Buy?

DFS Furniture plc (LON:DFS) hit a new 52-week high on Friday . The company traded as high as GBX 182.50 and last traded at GBX 175.15, with a volume of 117010 shares. The stock had previously closed at GBX 174.

Analyst Upgrades and Downgrades

Several research firms have weighed in on DFS. Berenberg Bank increased their price objective on DFS Furniture from GBX 233 to GBX 241 and gave the stock a “buy” rating in a research report on Thursday, September 25th. Jefferies Financial Group increased their target price on shares of DFS Furniture from GBX 190 to GBX 200 and gave the stock a “buy” rating in a research report on Thursday, October 2nd. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of GBX 220.50.

DFS Furniture Stock Up 0.7%

The company has a quick ratio of 0.10, a current ratio of 0.35 and a debt-to-equity ratio of 258.38. The firm has a market capitalization of £404.74 million, a price-to-earnings ratio of 17.00, a price-to-earnings-growth ratio of 0.56 and a beta of 1.58. The firm has a 50 day moving average of GBX 161.63 and a two-hundred day moving average of GBX 159.75.

DFS Furniture (LON:DFS) last posted its quarterly earnings results on Monday, September 29th. The company reported GBX 9.20 earnings per share for the quarter. DFS Furniture had a negative net margin of 0.45% and a negative return on equity of 1.90%. As a group, sell-side analysts anticipate that DFS Furniture plc will post 7.25545 EPS for the current fiscal year.

Insider Activity

In related news, insider Tony Buffin purchased 33,000 shares of the stock in a transaction dated Wednesday, November 12th. The stock was bought at an average cost of GBX 160 per share, for a total transaction of £52,800. Company insiders own 38.95% of the company’s stock.

About DFS Furniture

DFS Group is the leading sofa retail specialist in the UK and since 1969 we’ve been passionate about making and selling high quality, great looking sofas.