Boohoo Group (BOO)

Sector:

Retailers

Index:

FTSE AIM 100

82.52p
   
  • Change Today:
      1.40p
  • 52 Week High: 331.90
  • 52 Week Low: 69.58
  • Currency: UK Pounds
  • Shares Issued: 1,267.69m
  • Volume: 8,717,245
  • Market Cap: £1,046.10m
  • RiskGrade: 206

Liberum slashes Boohoo price target but reiterates 'buy' rating

By Michele Maatouk

Date: Wednesday 22 Dec 2021

LONDON (ShareCast) - (Sharecast News) - Liberum slashed its price target on fast-fashion retailer Boohoo on Thursday to 200p from 360p but reiterated its 'buy' rating and said it was "keeping faith in the long-term story".
The broker said Boohoo's recent profit warning was not just a result of the global supply chain logjam but also over-optimism baked into the guidance for the second half of 2022.

"We believe the inflated supply chain costs and weakened delivery proposition will persist for the next 12-18 months, and we therefore cut our FY'22- 24E earnings estimates by more than 40%," it said.

"Our view is that there will be an industry-wide permanent rebasing of supply chain costs at a higher level after the pandemic. We also believe boohoo will need to invest behind prices and marketing to recover lost ground in US and Rest of Europe.

"We therefore estimate EBITDA margin remaining below the 10% target until FY'27E. The increased returns rate brings in an added element of concern around product quality, but we continue to believe in Boohoo's long-term potential, and see a path for recovery to the medium-term growth targets as we think the rapid growth of Shein in the US may be in boohoo's favour in the long-run."

Liberum said it was "excited" by the developments at Debenhams, where the opportunity is substantial.

"Trading at only 0.6x FY'23E EV/sales and 7x EV/EBITDA, we think the shares offer good long-term value."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Boohoo Group Market Data

Currency UK Pounds
Share Price 82.52p
Change Today 1.40p
% Change 1.73 %
52 Week High 331.90
52 Week Low 69.58
Volume 8,717,245
Shares Issued 1,267.69m
Market Cap £1,046.10m
RiskGrade 206

Boohoo Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
27.37% below the market average27.37% below the market average27.37% below the market average27.37% below the market average27.37% below the market average
14.89% below the sector average14.89% below the sector average14.89% below the sector average14.89% below the sector average14.89% below the sector average
Price Trend
95.1% below the market average95.1% below the market average95.1% below the market average95.1% below the market average95.1% below the market average
92.31% below the sector average92.31% below the sector average92.31% below the sector average92.31% below the sector average92.31% below the sector average
Income Not Available
Growth
33.9% below the market average33.9% below the market average33.9% below the market average33.9% below the market average33.9% below the market average
28% below the sector average28% below the sector average28% below the sector average28% below the sector average28% below the sector average

What The Brokers Say

Strong Buy 10
Buy 1
Neutral 9
Sell 1
Strong Sell 2
Total 23
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Boohoo Group Dividends

No dividends found

Trades for 23-May-2022

Time Volume / Share Price
16:35 837,465 @ 82.52p
16:29 2,554 @ 82.92p
16:29 16,192 @ 82.38p
16:29 1,314 @ 82.62p
16:29 715 @ 82.80p

Boohoo Group Key Personnel

CFO Neil James Catto
CEO John Lyttle

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