Ted Baker plc (LON:TED) announced a dividend on Thursday, March 21st, Upcoming.Co.Uk reports. Investors of record on Thursday, May 16th will be given a dividend of GBX 40.70 ($0.53) per share on Friday, June 21st. This represents a yield of 2.46%. The ex-dividend date of this dividend is Thursday, May 16th. The official announcement can be viewed at this link.
Shares of LON:TED traded up GBX 53 ($0.69) on Friday, reaching GBX 1,654 ($21.61). 86,712 shares of the company’s stock were exchanged, compared to its average volume of 51,572. The stock has a market capitalization of $740.64 million and a price-to-earnings ratio of 14.03. Ted Baker has a fifty-two week low of GBX 1,312 ($17.14) and a fifty-two week high of GBX 2,914 ($38.08). The company has a debt-to-equity ratio of 64.66, a quick ratio of 0.42 and a current ratio of 1.46.
A number of analysts have weighed in on the stock. Peel Hunt reissued a “hold” rating on shares of Ted Baker in a report on Tuesday, March 5th. Royal Bank of Canada dropped their target price on shares of Ted Baker from GBX 2,000 ($26.13) to GBX 1,900 ($24.83) and set an “outperform” rating on the stock in a report on Friday. HSBC reissued a “buy” rating on shares of Ted Baker in a report on Friday, March 1st. Liberum Capital reissued a “buy” rating and set a GBX 3,100 ($40.51) target price on shares of Ted Baker in a report on Wednesday, January 9th. Finally, Jefferies Financial Group raised shares of Ted Baker to a “buy” rating in a report on Friday, December 7th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of GBX 2,356.22 ($30.79).
Ted Baker Company Profile
Ted Baker Plc engages in the design, wholesale, and retail of menswear, womenswear, and accessories under the Ted Baker name. The company operates through three segments: Retail, Wholesale, and Licensing. It offers a range of collections, including global, phormal, endurance, accessories, bedding, children's wear, crockery, eyewear, footwear, fragrance and skin wear, gifting and stationery, jewelry, lingerie and sleepwear, luggage, neckwear, rugs, suiting, technical accessories, tiles, and watches.
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