Halfords Group (LON:HFD) Announces Quarterly Earnings Results

Halfords Group (LON:HFD) announced its quarterly earnings data on Friday. The company reported GBX 15.20 EPS for the quarter, Digital Look Earnings reports. Halfords Group had a negative net margin of 1.94% and a negative return on equity of 6.79%. The company had revenue of GBX 180.17 billion during the quarter.

Halfords Group Stock Performance

Shares of HFD opened at GBX 212.50 on Friday. The company has a 50-day simple moving average of GBX 164.50 and a 200-day simple moving average of GBX 149.60. The company has a quick ratio of 0.41, a current ratio of 0.84 and a debt-to-equity ratio of 50.72. The company has a market capitalization of £462.99 million, a PE ratio of -13.80, a P/E/G ratio of 2.80 and a beta of 1.22. Halfords Group has a 52-week low of GBX 123.80 and a 52-week high of GBX 220.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on HFD. Shore Capital Group reaffirmed a “buy” rating and issued a GBX 200 target price on shares of Halfords Group in a report on Thursday. Canaccord Genuity Group raised shares of Halfords Group to a “buy” rating and increased their price target for the stock from GBX 156 to GBX 170 in a report on Friday, May 1st. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Halfords Group presently has a consensus rating of “Buy” and an average target price of GBX 185.

Halfords Group Company Profile

HALFORDS IS THE UK’S LEADING PROVIDER OF MOTORING AND CYCLING PRODUCTS AND SERVICES.
Through Halfords Autocentres, it is also one of the UK’s leading independent operators in vehicle, servicing, maintenance and repairs.

We are a market-leading business, with unique and differentiated products and services.

Our unique mix of stores, garages, mobile vans and home delivery means we can offer customers unparalleled convenience in the motoring and cycling markets…
…We know that our customers want us to be there for them, when they need us.