DFS Furniture (LON:DFS) Shares Cross Below 200 Day Moving Average of $113.80

May 27, 2024

DFS Furniture plc ( – ) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 113.80 ($1.45) and traded as low as GBX 112 ($1.42). DFS Furniture shares last traded at GBX 113 ($1.44), with a volume of 49,250 shares trading hands.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Berenberg Bank reduced their target price on DFS Furniture from GBX 180 ($2.29) to GBX 120 ($1.53) and set a “hold” rating on the stock in a research note on Wednesday, March 27th. Shore Capital reissued a “not rated” rating on shares of DFS Furniture in a research note on Wednesday, March 20th.

DFS Furniture Stock Down 1.7 %

The stock has a 50 day moving average price of GBX 112.90 and a 200-day moving average price of GBX 113.86. The stock has a market capitalization of £266.68 million, a P/E ratio of 1,412.50, a PEG ratio of 0.56 and a beta of 1.57. The company has a debt-to-equity ratio of 239.47, a current ratio of 0.23 and a quick ratio of 0.10.

DFS Furniture Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, May 30th. Stockholders of record on Thursday, April 18th will be paid a dividend of GBX 1.10 ($0.01) per share. The ex-dividend date is Thursday, April 18th. This represents a dividend yield of 0.98%. DFS Furniture’s dividend payout ratio (DPR) is currently 5,000.00%.

About DFS Furniture

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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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