DFS Furniture (LON:DFS) Reaches New 1-Year High – Time to Buy?

DFS Furniture plc (LON:DFS)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 148.60 ($1.93) and last traded at GBX 141 ($1.83), with a volume of 31448 shares traded. The stock had previously closed at GBX 142 ($1.84).

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Shore Capital reiterated a “not rated” rating on shares of DFS Furniture in a report on Friday, November 22nd. Berenberg Bank reiterated a “buy” rating and set a GBX 185 ($2.40) price objective on shares of DFS Furniture in a research report on Monday, January 27th.

DFS Furniture Stock Down 1.3 %

The firm’s 50 day moving average is GBX 137.58 and its 200-day moving average is GBX 134.43. The firm has a market cap of £316.28 million, a PE ratio of -73.49, a P/E/G ratio of 0.56 and a beta of 1.58. The company has a quick ratio of 0.10, a current ratio of 0.35 and a debt-to-equity ratio of 258.38.

DFS Furniture (LON:DFS) last issued its quarterly earnings results on Thursday, March 13th. The company reported GBX 5.30 ($0.07) earnings per share for the quarter. DFS Furniture had a negative return on equity of 1.90% and a negative net margin of 0.45%. As a group, equities research analysts expect that DFS Furniture plc will post 7.25545 earnings per share for the current fiscal year.

DFS Furniture Company Profile

DFS Furniture plc designs, manufactures, sells, delivers, installs, and retails upholstered furniture in the United Kingdom and the Republic of Ireland. The company retails sofas under the DFS and Sofology brand names. It also engages in the manufacture of upholstered furniture and the supply of contract logistics.