Boohoo Group PLC (BOO) Stock Price & News - Google Finance (2024)

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Boohoo Group PLC (BOO) Stock Price & News - Google Finance? ›

The average share price target for boohoo group Plc is 40.00p. This is based on 5 Wall Streets Analysts 12-month price targets, issued in the past 3 months. boohoo group Plc's analyst rating consensus is a Hold. This is based on the ratings of 5 Wall Streets Analysts.

The average share price target for boohoo group Plc is 40.00p. This is based on 5 Wall Streets Analysts 12-month price targets, issued in the past 3 months. boohoo group Plc's analyst rating consensus is a Hold. This is based on the ratings of 5 Wall Streets Analysts.

boohoo group (AIM:BOO) - Stock Price, News & Analysis - Simply Wall St.

The total number of shares in issue is 1,269,084,436 as of 17 May 2024. As of 21 May 2024, 41.22% of shares were not in public hands. Below is a list of major shareholders notified to the Company pursuant to the FCA's Disclosure Rules and Transparency Rules.

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Boohoo is listed in the FTSE AIM 100, FTSE AIM All-Share indices.

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, he maintained, is “well positioned to return to growth”. Well, if a business is not actually growing then being “well positioned” for that eventuality is perhaps the next best thing. The group reported a 17% slump in revenue last year, when adjusted EBITDA – the pureplay's preferred gauge of earnings – slid 7%.

Boohoo Group, which owns brands including Boohoo, PrettyLittleThing and Karen Millen, has revealed its results for the 12 months to 29 February 2024, with revenue falling by 17% year on year to £1.46bn.

In the year ending February 28, 2023, the Boohoo Group accumulated a revenue of approximately 1.09 billion British pounds in the United Kingdom (UK) and 364 million in the United States.

In July 2020, allegations were made about the I Saw It First fashion brand and Morefray Ltd, a supply company to Boohoo, of paying less than the minimum wage and failing to protect staff from coronavirus during the pandemic. The company is owned by Jalal Kamani, who jointly founded Boohoo with his brother Mahmud.

Does boohoo pay dividends? ›

boohoo group Plc (GB:BOO) does not pay a dividend. When is boohoo group Plc dividend payment date? boohoo group Plc (GB:BOO) does not pay a dividend.

In the full year to February 29, 2024, Boohoo saw revenue fall 17% year on year to £1.4bn, which it said reflected “difficult market conditions”. The group also recorded a loss before tax of £159.9m, increasing from £90.7m year on year. Gross profit dropped 16% to £756m, while adjusted EBITDA declined 7% to £58.6m.

boohoo group plc

Our group was the vison of Mahmud Kamani and Carol Kane, who, from very humble beginnings in a small office in Manchester, have built one of the fastest growing fashion businesses in the world.

Boohoo has cut more than 1,000 jobs and dived into debt after its losses soared and sales slumped 13% amid heavy competition from the Chinese online seller Shein and the revival of the high street after the pandemic lockdowns.

Boohoo was founded in 2006 by Mahmud Kamani and Carol Kane, who respectively serve as group executive chairman and executive director, and who previously supplied high street chains such as Primark and New Look.

Boohoo is known for offering affordable and budget-friendly fashion items for several reasons: Online-Only Retailer: Boohoo primarily operates as an online-only retailer. By eliminating the costs associated with maintaining physical stores, such as rent, utilities, and in-store staff, they can often offer lower prices.

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.

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.

Similarly, Boohoo and Asos have seen investors walk away as the pair battle floundering sales against the catapulting rise of Chinese fashion giant Shein. The two listed fashion retailers have become takeover targets, with the likes of Frasers and certain hedge funds taking advantage of the low share price.