THG (LON:THG) Shares Down 6.3% – Here’s Why

THG Plc (LON:THG) was down 6.3% during trading on Monday . The company traded as low as GBX 34.34 and last traded at GBX 34.96. Approximately 4,942,838 shares changed hands during trading, a decline of 56% from the average daily volume of 11,142,743 shares. The stock had previously closed at GBX 37.30.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on THG shares. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of THG in a research note on Monday, January 19th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 60 price objective on shares of THG in a research note on Tuesday, April 21st. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, THG presently has an average rating of “Moderate Buy” and an average target price of GBX 57.50.

THG Stock Performance

The stock’s 50 day moving average price is GBX 32.90 and its 200 day moving average price is GBX 39.64. The company has a current ratio of 0.92, a quick ratio of 0.89 and a debt-to-equity ratio of 131.97. The company has a market cap of £544.58 million, a price-to-earnings ratio of 8.74, a P/E/G ratio of -0.08 and a beta of 2.46.

THG (LON:THG) last issued its earnings results on Thursday, March 26th. The company reported GBX (0.04) earnings per share (EPS) for the quarter. THG had a return on equity of 12.75% and a net margin of 3.15%. On average, analysts expect that THG Plc will post -6.7170435 EPS for the current fiscal year.

Insider Activity

In other news, insider Matthew Moulding bought 24,395,170 shares of the firm’s stock in a transaction dated Friday, February 20th. The stock was acquired at an average price of GBX 35 per share, for a total transaction of £8,538,309.50. Insiders own 22.90% of the company’s stock.

THG Company Profile

THG (www.thg.com) is a global innovator revolutionising how brands connect to a worldwide consumer base. We are transforming how consumer brands go to market in the digital age.

We have built a portfolio of leading digital beauty, health, wellness, and sports nutrition brands that are capitalising on the global growth opportunities, supported by the accelerating consumer shift to the e-commerce channel.

THG is home to three key divisions: Beauty, Nutrition, and Ingenuity. All brands, whether in-house or third parties are powered by our complete commerce division Ingenuity, which is a flexible and scalable offering formed of a combination of complex e-commerce technologies, physical assets, infrastructure, and brand building capabilities.

THG Beauty is home to leading online pure-play retailers for prestige beauty products and brings together global online multi-brand retail subscription boxes, owned prestige brands along with production and innovation.