DFS Furniture (LON:DFS) Stock Rating Reaffirmed as Buy by Jefferies Financial Group

DFS Furniture (LON:DFS)‘s stock had its “buy” rating reiterated by investment analysts at Jefferies Financial Group in a research note issued on Friday, Digital Look reports. They currently have a GBX 210 target price on the stock. Jefferies Financial Group’s price objective would indicate a potential upside of 44.33% from the company’s current price.

Several other research firms have also commented on DFS. Shore Capital Group reiterated a “buy” rating and set a GBX 180 price target on shares of DFS Furniture in a report on Thursday. Berenberg Bank restated a “buy” rating and set a GBX 210 price target on shares of DFS Furniture in a research report on Friday. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of GBX 200.

DFS Furniture Price Performance

DFS traded up GBX 2.50 on Friday, reaching GBX 145.50. 410,893 shares of the company’s stock were exchanged, compared to its average volume of 604,589. The stock has a market cap of £336.85 million, a PE ratio of 9.70, a P/E/G ratio of 0.56 and a beta of 1.46. The company has a debt-to-equity ratio of 150.97, a current ratio of 0.27 and a quick ratio of 0.10. DFS Furniture has a twelve month low of GBX 113 and a twelve month high of GBX 204. The stock’s fifty day moving average price is GBX 149.23 and its 200-day moving average price is GBX 137.95.

DFS Furniture (LON:DFS) last issued its earnings results on Thursday, September 24th. The company reported GBX 13.80 earnings per share for the quarter. DFS Furniture had a return on equity of 13.23% and a net margin of 3.27%. Sell-side analysts expect that DFS Furniture will post 7.25545 EPS for the current year.

DFS Furniture News Roundup

Here are the key news stories impacting DFS Furniture this week:

• Positive Sentiment: Profit growth and dividend restored: DFS reported a substantial rise in annual profit, with underlying profit increasing approximately 49% year over year. The board also reinstated the dividend, improving the income-investment appeal of DFS. DFS Furniture restores dividend as annual profit rises 33%
• Positive Sentiment: Amanda Holden partnership provided a boost: Coverage linked stronger results to demand for DFS’s Amanda Holden sofa range, indicating that celebrity-led product launches are helping the retailer attract customers in a challenging market. DFS posts stronger profits after boost from Amanda Holden partnership
• Positive Sentiment: Analysts maintain bullish views: Jefferies and Berenberg reaffirmed “buy” ratings and GBX 210 price targets, while Shore Capital reiterated “buy” with a GBX 180 target. These targets remain meaningfully above the recent trading level and reinforce the positive reaction to the results.
• Neutral Sentiment: Management said it is confident of outperforming the market and delivered robust financial progress, but acknowledged that consumer demand and the wider trading backdrop remain unpredictable. DFS delivers robust financial progress

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.