DFS Furniture (LON:DFS) Stock Price Crosses Above 50-Day Moving Average of $106.89

DFS Furniture plc (LON:DFS)’s share price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 106.89 ($1.31) and traded as high as GBX 108.40 ($1.33). DFS Furniture shares last traded at GBX 105.80 ($1.30), with a volume of 36,530 shares changing hands.

Wall Street Analyst Weigh In

Several equities analysts have commented on DFS shares. Berenberg Bank cut their price target on DFS Furniture from GBX 192 ($2.36) to GBX 155 ($1.90) and set a “buy” rating for the company in a report on Wednesday, September 13th. Shore Capital reaffirmed a “hold” rating on shares of DFS Furniture in a report on Thursday, September 21st.

DFS Furniture Stock Performance

The company has a current ratio of 0.30, a quick ratio of 0.10 and a debt-to-equity ratio of 243.44. The stock has a fifty day moving average price of GBX 106.67 and a 200-day moving average price of GBX 112.65. The firm has a market capitalization of £245.38 million, a price-to-earnings ratio of 1,048.00, a PEG ratio of 0.56 and a beta of 1.73.

DFS Furniture Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, December 29th. Stockholders of record on Thursday, November 30th will be issued a GBX 3 ($0.04) dividend. The ex-dividend date of this dividend is Thursday, November 30th. This is a boost from DFS Furniture’s previous dividend of $1.50. This represents a dividend yield of 2.8%. DFS Furniture’s dividend payout ratio is presently 5,000.00%.

Insider Transactions at DFS Furniture

In other DFS Furniture news, insider Loraine Martins purchased 10,888 shares of the firm’s stock in a transaction that occurred on Thursday, September 21st. The shares were acquired at an average cost of GBX 114 ($1.40) per share, for a total transaction of £12,412.32 ($15,242.93). 11.71% of the stock is currently owned by insiders.

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.