DFS Furniture (LON:DFS) Shares Pass Above 50 Day Moving Average of $113.74

DFS Furniture plc (LON:DFS)’s share price passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 113.74 ($1.43) and traded as high as GBX 123 ($1.55). DFS Furniture shares last traded at GBX 118 ($1.48), with a volume of 91,122 shares.

Analysts Set New Price Targets

DFS has been the topic of a number of recent analyst reports. Berenberg Bank dropped their price objective on shares of DFS Furniture from GBX 180 ($2.26) to GBX 120 ($1.51) and set a “hold” rating on the stock in a research report on Wednesday, March 27th. Shore Capital restated a “not rated” rating on shares of DFS Furniture in a research note on Wednesday, March 20th.

DFS Furniture Price Performance

The stock has a market capitalization of £282.73 million, a price-to-earnings ratio of 1,475.00, a P/E/G ratio of 0.56 and a beta of 1.59. The company has a quick ratio of 0.10, a current ratio of 0.23 and a debt-to-equity ratio of 239.47. The stock has a fifty day moving average of GBX 113.74 and a 200-day moving average of GBX 113.10.

DFS Furniture Cuts Dividend

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

About DFS Furniture

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.