Kingfisher (LON:KGF) Stock Price Down 13.8% – Here’s Why

Kingfisher plc (LON:KGF) shares traded down 13.8% during trading on Tuesday . The stock traded as low as GBX 238.70 ($3.07) and last traded at GBX 241.20 ($3.11). 367,623,094 shares were traded during trading, an increase of 814% from the average session volume of 40,234,852 shares. The stock had previously closed at GBX 279.70 ($3.60).

Kingfisher Price Performance

The stock has a 50-day moving average price of GBX 251.17 and a two-hundred day moving average price of GBX 270.47. The company has a current ratio of 1.26, a quick ratio of 0.27 and a debt-to-equity ratio of 7.12. The stock has a market cap of £4.32 billion, a price-to-earnings ratio of 13.01, a PEG ratio of 2.87 and a beta of 0.96.

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

Kingfisher Increases Dividend

The business also recently disclosed a dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 27th will be issued a dividend of GBX 19.72 ($0.25) per share. The ex-dividend date of this dividend is Thursday, March 27th. This is a positive change from Kingfisher’s previous dividend of $3.80. This represents a dividend yield of 3.44%. Kingfisher’s payout ratio is 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.