Kering SA (OTCMKTS:PPRUY) was the recipient of a significant decline in short interest in the month of April. As of April 15th, there was short interest totalling 28,500 shares, a decline of 22.8% from the March 31st total of 36,900 shares. Based on an average daily volume of 72,700 shares, the days-to-cover ratio is currently 0.4 days.

Shares of PPRUY stock opened at $81.05 on Tuesday. The company’s fifty day simple moving average is $73.38 and its 200-day simple moving average is $69.54. The company has a quick ratio of 0.65, a current ratio of 1.06 and a debt-to-equity ratio of 0.41. The firm has a market cap of $101.33 billion, a PE ratio of 27.47 and a beta of 0.77. Kering has a 12 month low of $43.70 and a 12 month high of $81.22.

The business also recently disclosed a Semi-Annual dividend, which will be paid on Friday, May 21st. Stockholders of record on Monday, May 3rd will be given a $0.501 dividend. This represents a dividend yield of 1.87%. The ex-dividend date is Friday, April 30th. Kering’s payout ratio is presently 14.58%.

Several research firms have recently weighed in on PPRUY. Jefferies Financial Group upgraded shares of Kering from a “hold” rating to a “buy” rating in a report on Monday, March 8th. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Kering in a report on Wednesday, April 21st. Zacks Investment Research upgraded shares of Kering from a “hold” rating to a “buy” rating and set a $88.00 price target for the company in a report on Tuesday, April 27th. Morgan Stanley reiterated an “equal weight” rating on shares of Kering in a report on Wednesday, April 21st. Finally, Credit Suisse Group reiterated an “outperform” rating on shares of Kering in a report on Thursday, April 22nd. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $88.00.

About Kering

Kering SA develops, designs, manufactures, markets, and sells apparel and accessories. The company offers shoes; leather goods, including handbags and wallets, purses, and other leather products; eyewear, textile accessories, etc.; and jewelry and watches, as well as ready-to-wear products for men and women.

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