Fintel reports that on September 27, 2023, Barclays initiated coverage of Burberry Group (LSE:BRBY) with a Equal Weight recommendation.
Analyst Price Forecast Suggests 24.08% Upside
As of August 31, 2023, the average one-year price target for Burberry Group is 2,370.48. The forecasts range from a low of 2,020.00 to a high of $2,940.00. The average price target represents an increase of 24.08% from its latest reported closing price of 1,910.50.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Burberry Group is 3,342MM, an increase of 8.02%. The projected annual non-GAAP EPS is 1.27.
Burberry Group Maintains 3.19% Dividend Yield
At the most recent price, the company's dividend yield is 3.19%.
Additionally, the company's dividend payout ratio is 0.46. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
What is the Fund Sentiment?
There are 333 funds or institutions reporting positions in Burberry Group. This is a decrease of 3 owner(s) or 0.89% in the last quarter. Average portfolio weight of all funds dedicated to BRBY is 0.26%, a decrease of 10.98%. Total shares owned by institutions decreased in the last three months by 9.30% to 62,959K shares.
What are Other Shareholders Doing?
VWIGX - Vanguard International Growth Fund Investor Shares holds 5,582K shares representing 1.52% ownership of the company. In it's prior filing, the firm reported owning 5,734K shares, representing a decrease of 2.72%. The firm decreased its portfolio allocation in BRBY by 12.86% over the last quarter.
VGTSX - Vanguard Total International Stock Index Fund Investor Shares holds 5,014K shares representing 1.36% ownership of the company. In it's prior filing, the firm reported owning 5,063K shares, representing a decrease of 0.99%. The firm increased its portfolio allocation in BRBY by 6.25% over the last quarter.
AEPGX - EUROPACIFIC GROWTH FUND holds 4,021K shares representing 1.09% ownership of the company. In it's prior filing, the firm reported owning 5,099K shares, representing a decrease of 26.81%. The firm decreased its portfolio allocation in BRBY by 33.13% over the last quarter.
MGRAX - MFS International Growth Fund A holds 3,740K shares representing 1.02% ownership of the company. In it's prior filing, the firm reported owning 3,523K shares, representing an increase of 5.80%. The firm decreased its portfolio allocation in BRBY by 11.62% over the last quarter.
VTMGX - Vanguard Developed Markets Index Fund Admiral Shares holds 2,969K shares representing 0.81% ownership of the company. In it's prior filing, the firm reported owning 2,891K shares, representing an increase of 2.63%. The firm decreased its portfolio allocation in BRBY by 17.11% over the last quarter.
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