DFS Furniture (LON:DFS) Stock Crosses Above 50-Day Moving Average – Time to Sell?

Shares of DFS Furniture plc (LON:DFS) passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 154.98 and traded as high as GBX 164. DFS Furniture shares last traded at GBX 162, with a volume of 115,228 shares changing hands.

Analyst Upgrades and Downgrades

Several brokerages have commented on DFS. Jefferies Financial Group upped their target price on shares of DFS Furniture from GBX 190 to GBX 200 and gave the company a “buy” rating in a research report on Thursday, October 2nd. Berenberg Bank lifted their price objective on DFS Furniture from GBX 233 to GBX 241 and gave the stock a “buy” rating in a research note on Thursday, September 25th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, DFS Furniture has a consensus rating of “Buy” and an average price target of GBX 220.50.

DFS Furniture Stock Performance

The stock’s fifty day moving average is GBX 154.98 and its 200-day moving average is GBX 159.47. The company has a quick ratio of 0.10, a current ratio of 0.35 and a debt-to-equity ratio of 258.38. The stock has a market cap of £369.73 million, a price-to-earnings ratio of 15.53, a PEG ratio of 0.56 and a beta of 1.58.

DFS Furniture (LON:DFS) last announced its quarterly earnings results on Monday, September 29th. The company reported GBX 9.20 earnings per share for the quarter. DFS Furniture had a negative net margin of 0.45% and a negative return on equity of 1.90%. On average, analysts forecast that DFS Furniture plc will post 7.25545 EPS for the current year.

Insider Transactions at DFS Furniture

In other DFS Furniture news, insider Tony Buffin purchased 33,000 shares of the stock in a transaction on Wednesday, November 12th. The stock was bought at an average cost of GBX 160 per share, for a total transaction of £52,800. Insiders own 38.94% of the company’s stock.

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.