DFS Furniture plc (LON:DFS – Get Free Report)’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
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.
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