DFS Furniture (LON:DFS) Stock Price Down 3.7% – What’s Next?

DFS Furniture plc (LON:DFS) shares were down 3.7% on Friday. The company traded as low as GBX 120 and last traded at GBX 129. 928,686 shares changed hands during mid-day trading, an increase of 53% from the average daily volume of 608,637 shares. The stock had previously closed at GBX 134.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on DFS. Shore Capital Group reissued a “buy” rating and set a GBX 180 price objective on shares of DFS Furniture in a research note on Thursday, September 24th. Jefferies Financial Group cut their target price on DFS Furniture from GBX 210 to GBX 156 and set a “hold” rating on the stock in a research report on Thursday, October 22nd. Finally, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 210 target price on shares of DFS Furniture in a research report on Friday, September 25th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of GBX 182.

DFS Furniture Stock Down 3.7%

The firm has a market capitalization of £304.44 million, a price-to-earnings ratio of 8.72, a price-to-earnings-growth ratio of 0.56 and a beta of 1.48. The company has a current ratio of 0.25, a quick ratio of 0.10 and a debt-to-equity ratio of 135.99. The firm has a 50 day moving average price of GBX 141.65 and a two-hundred day moving average price of GBX 146.12.

DFS Furniture (LON:DFS) last issued its earnings results on Thursday, September 24th. The company reported GBX 13.80 earnings per share (EPS) for the quarter. DFS Furniture had a return on equity of 12.31% and a net margin of 3.30%. On average, equities analysts expect that DFS Furniture plc will post 7.26 earnings per share for the current fiscal year.

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.