Frasers Group (LON:FRAS) Releases Quarterly Earnings Results

Frasers Group (LON:FRAS) released its earnings results on Thursday. The company reported GBX 51 ($0.65) earnings per share (EPS) for the quarter, Digital Look Earnings reports. Frasers Group had a return on equity of 22.54% and a net margin of 6.88%.

Frasers Group Trading Down 3.6 %

Shares of LON:FRAS opened at GBX 638 ($8.13) on Friday. Frasers Group has a 12-month low of GBX 626.50 ($7.99) and a 12-month high of GBX 949.50 ($12.10). The stock has a market cap of £2.87 billion, a PE ratio of 708.89, a P/E/G ratio of 0.30 and a beta of 1.86. The business has a 50 day moving average of GBX 780.87 and a 200-day moving average of GBX 830.66. The company has a quick ratio of 0.64, a current ratio of 2.57 and a debt-to-equity ratio of 77.55.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 1,200 ($15.30) target price on shares of Frasers Group in a research report on Friday. Shore Capital reaffirmed a “buy” rating on shares of Frasers Group in a research report on Friday.

Insider Activity at Frasers Group

In related news, insider David Daly purchased 3,084 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The stock was acquired at an average cost of GBX 645 ($8.22) per share, for a total transaction of £19,891.80 ($25,359.26). 77.18% of the stock is currently owned by corporate insiders.

About Frasers Group

Frasers Group Plc, together with its subsidiaries, retails sports and leisure clothing, footwear, equipment, accessories, and apparel through department stores, shops, and online in the United Kingdom, Europe, the United States, Asia, Oceania, and internationally. The company operates through four segments: UK Sports Retail, Premium Lifestyle, International Retail, and Wholesale & Licensing.