boohoo group plc Stock (BOO) - Quote London S.E.- MarketScreener (2024)

FAQs

Is it a good time to buy Boohoo shares? ›

BOO Stock Forecast FAQ

Based on analyst ratings, boohoo group Plc's 12-month average price target is 40.00p. boohoo group Plc has 16.89% upside potential, based on the analysts' average price target. boohoo group Plc has a consensus rating of Hold, which is based on 1 buy ratings, 2 hold ratings and 2 sell ratings.

P/E ratio at the end of 2023: -8.61

According to Boohoo Group's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -570.791. At the end of 2023 the company had a P/E ratio of -8.61.

In the year ending February 28, 2023, the Boohoo Plc. Group accumulated a revenue in the UK of approximately 1.09 billion British pounds.

Fundamental analysts are rating Boohoo as a 'hold' with Refinitiv data showing 2 strong buy, 3 buy, 10 hold and 6 sells - with the mean of estimates suggesting a long-term price target of 47.26 pence for the share, roughly 49% above the share's current price (as of 02/10/2023).

The group, like rival Asos, thrived during the pandemic-driven boom in online shopping, but as consumers returned to high street shops, it has faced a succession of challenges including supply chain issues, inflation, and more product returns.

Early life. His father Abdullah Kamani is from Gujarat, India; settled in Kenya, but left in the 1960s due to unrest and moved to north-west England with his wife and three children. Abdullah started by selling handbags at a market stall, before starting a family textile business, supplying New Look and Primark.

boohoo group has a total shareholder equity of £279.7M and total debt of £325.0M, which brings its debt-to-equity ratio to 116.2%. Its total assets and total liabilities are £1.1B and £795.7M respectively.

It follows reports over the weekend that “several” investors planned to vote against the fashion retailer's incentive plan that would award co-founders Mahmud Kamani and Carol Kane, and chief executive John Lyttle bonuses of £1m, despite the business racking up almost £160m in losses.

BOO Forecast - Frequently Asked Questions

According to the research reports of 5 Wall Street equities research analysts, the average twelve-month stock price forecast for boohoo group is GBX 27.17, with a high forecast of GBX 37 and a low forecast of GBX 18.50.

What is the financial performance of Boohoo PLC? ›

boohoo group plc reported earnings results for the full year ended February 28, 2024. For the full year, the company reported sales was GBP 1,461 million compared to GBP 1,768.7 million a year ago. Net loss was GBP 137.8 million compared to GBP 75.6 million a year ago.

Typically, the average P/E ratio is around 20 to 25. Anything below that would be considered a good price-to-earnings ratio, whereas anything above that would be a worse P/E ratio.

In the year ending February 28, 2023, the Boohoo Plc. group accumulated a gross profit worldwide of approximately 985 million British pounds. This represented a slight decrease from the previous year.

Boohoo Group has seen remarkable growth in the past five years. Its revenue was just shy of £2 billion in 2021 – with 62 million orders and 20 million active customers to its name.

It's a seriously exciting time to join us and influence the next chapter of our success. Our 13 amazing brands are; boohoo, boohooMAN, PrettyLittleThing, Nasty Gal, MissPap, Karen Millen, Coast, Oasis, Warehouse, Debenhams, Dorothy Perkins, Wallis and Burton. So, think different. Think fast.

Looking ahead to financial 2025, boohoo said it is targeting GMV growth and improvement to adjusted Ebitda margin, on its way to its medium-term target for a margin of 6% to 8%. To achieve this, it is on track for GBP125 million in annualised cost savings in the current year.

boohoo group is forecast to grow earnings and revenue by 80.8% and 4.5% per annum respectively. EPS is expected to grow by 82.5% per annum.

Fast fashion online retailers have experienced well-documented struggles with sales since the pandemic, and Boohoo is no exception. Revenue for the 2024 full year plummeted 17%. The company has blamed macroeconomic conditions, but the problems may run much deeper than external economic factors.

Boohoo is facing a new investor lawsuit in the UK after allegations regarding the mistreatment of workers in its Leicester factories caused its share price to plummet.