Kingfisher (LON:KGF) Shares Down 13% – Time to Sell?

Kingfisher plc (LON:KGF)’s share price dropped 13% during trading on Tuesday . The company traded as low as GBX 238.70 ($3.07) and last traded at GBX 243.27 ($3.13). Approximately 367,251,000 shares changed hands during mid-day trading, an increase of 813% from the average daily volume of 40,228,547 shares. The stock had previously closed at GBX 279.70 ($3.60).

Kingfisher Stock Performance

The firm’s 50 day simple moving average is GBX 251.17 and its 200-day simple moving average is GBX 270.47. The company has a market capitalization of £4.32 billion, a price-to-earnings ratio of 13.01, a P/E/G ratio of 2.87 and a beta of 0.96. The company has a debt-to-equity ratio of 7.12, a quick ratio of 0.27 and a current ratio of 1.26.

Kingfisher (LON:KGF) last announced its quarterly earnings data on Tuesday, March 25th. The home improvement retailer reported GBX 20.70 ($0.27) EPS for the quarter. Kingfisher had a return on equity of 5.23% and a net margin of 2.68%. Analysts expect that Kingfisher plc will post 23.6949924 EPS for the current year.

Kingfisher Increases Dividend

The company also recently declared a dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 27th will be paid a GBX 19.72 ($0.25) dividend. This is a boost from Kingfisher’s previous dividend of $3.80. The ex-dividend date of this dividend is Thursday, March 27th. This represents a dividend yield of 3.44%. Kingfisher’s payout ratio is presently 63.94%.

About Kingfisher

Kingfisher plc is an international home improvement company with over 2,000 stores, supported by a team of over 78,000 colleagues. We operate in eight countries across Europe under retail banners including B&Q, Castorama, Brico Dépôt, Screwfix, TradePoint and Koçtaş. We offer home improvement products and services to consumers and trade professionals who shop in our stores and via our e-commerce channels.