DFS Furniture (LON:DFS) Reaches New 1-Year High – Time to Buy?

DFS Furniture plc (LON:DFS) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 135.40 ($1.77) and last traded at GBX 132.60 ($1.74), with a volume of 1817968 shares changing hands. The stock had previously closed at GBX 134 ($1.75).

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group reaffirmed a “buy” rating on shares of DFS Furniture in a research report on Wednesday, June 12th.

DFS Furniture Trading Down 1.0 %

The business has a 50-day simple moving average of GBX 122.24 and a 200-day simple moving average of GBX 116.40. The company has a market cap of £310.47 million, a PE ratio of -6,630.00, a price-to-earnings-growth ratio of 0.56 and a beta of 1.58. The company has a quick ratio of 0.10, a current ratio of 0.35 and a debt-to-equity ratio of 258.38.

Insider Activity at DFS Furniture

In other DFS Furniture news, insider Bruce Marsh acquired 30,000 shares of the stock in a transaction dated Thursday, September 26th. The stock was acquired at an average price of GBX 124 ($1.62) per share, with a total value of £37,200 ($48,684.73). Company insiders own 11.74% of the company’s stock.

DFS Furniture Company Profile

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.