Goldman Sachs upgraded shares of Ted Baker (LON:TED) to a buy rating in a report issued on Tuesday morning. The brokerage currently has GBX 3,250 ($45.94) target price on the stock.
Other equities research analysts have also recently issued research reports about the stock. Liberum Capital increased their target price on shares of Ted Baker from GBX 3,100 ($43.82) to GBX 3,300 ($46.64) and gave the company a buy rating in a research report on Wednesday, January 10th. Jefferies Group reissued a buy rating and set a GBX 3,000 ($42.40) target price on shares of Ted Baker in a research report on Tuesday, January 2nd. Stifel Nicolaus reissued a buy rating and set a GBX 3,250 ($45.94) target price on shares of Ted Baker in a research report on Thursday, March 22nd. Finally, Peel Hunt reissued a hold rating and set a GBX 3,000 ($42.40) target price on shares of Ted Baker in a research report on Thursday, March 22nd. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of Buy and an average price target of GBX 3,042.86 ($43.01).
LON:TED opened at GBX 2,660 ($37.60) on Tuesday. Ted Baker has a 52 week low of GBX 2,286 ($32.31) and a 52 week high of GBX 3,244 ($45.85).
Ted Baker (LON:TED) last posted its earnings results on Thursday, March 22nd. The company reported GBX 127.70 ($1.80) EPS for the quarter, beating the Zacks’ consensus estimate of GBX 126.60 ($1.79) by GBX 1.10 ($0.02). Ted Baker had a net margin of 6.52% and a return on equity of 17.16%. The company had revenue of £591.67 million during the quarter.
The company also recently announced a dividend, which will be paid on Friday, June 22nd. Investors of record on Thursday, May 17th will be given a dividend of GBX 43.50 ($0.61) per share. This is a boost from Ted Baker’s previous dividend of $16.60. The ex-dividend date is Thursday, May 17th. This represents a yield of 1.64%.
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About Ted Baker
Ted Baker Plc engages in the design, wholesale, and retail of menswear, womenswear, and accessories under the Ted Baker name. The company operates through three segments: Retail, Wholesale, and Licensing. It offers a range of collections, including global, phormal, endurance, accessories, audio, bedding, children's wear, crockery, eyewear, footwear, fragrance and skin wear, gifting and stationery, jewelry, lingerie and sleepwear, luggage, neckwear, rugs, suiting, technical accessories, tiles, and watches.
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