HFD.L - Halfords Group plc

LSE - LSE Delayed price. Currency in GBp
173.40
+16.40 (+10.45%)
At close: 5:07PM BST
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Previous close157.00
Open160.00
Bid171.20 x 0
Ask171.40 x 0
Day's range156.40 - 173.40
52-week range49.42 - 226.20
Volume2,475,671
Avg. volume1,843,755
Market cap345.269M
Beta (5Y monthly)1.68
PE ratio (TTM)8.34
EPS (TTM)20.80
Earnings date07 Jul 2020
Forward dividend & yieldN/A (N/A)
Ex-dividend date05 Dec 2019
1y target est321.00
  • Rental E-Scooters Will Be Legal on U.K. Roads From This Weekend
    Bloomberg

    Rental E-Scooters Will Be Legal on U.K. Roads From This Weekend

    (Bloomberg) -- Rental e-scooters will become legal on U.K. roads from July 4 after the government published the rules companies must follow to deploy the electric vehicles.Large-scale trials can start at the weekend and last for a year, the Department for Transport said in a statement late Tuesday. It will closely monitor activity and public feedback with a view to fully legalizing scooters in future. Privately-owned models will remain illegal during this period, it said. The U.K. has lagged the world in allowing e-scooters to operate legally on its roads, with some restrictive laws dating back to 1835. That’s not stopped them becoming a familiar sight in London and other big cities, raising the pressure on the government to establish a regulatory framework for their safe use.“As we emerge from lockdown, we have a unique opportunity in transport to build back in a greener, more sustainable way that could lead to cleaner air and healthier communities,” said Transport Minister Rachel Maclean.Many of the world’s biggest e-scooter rental companies now plan to roll out fleets across the U.K., including Sweden’s Voi, Germany’s Tier, and Bird and Lime of the U.S.It’s particularly good news for Bird and Lime, which have run into trouble this year as their unprofitable business models were strained by the pandemic that kept customers stuck at home. Both had to drastically reduce their fleets, cut hundreds of jobs and seek emergency funding, in a blow to venture capitalists who invested more than $1 billion in the companies.Alan Clarke, Lime’s U.K. director of policy, said Tuesday’s announcement “presents a real opportunity for change.”Roger Hassan, chief operating officer of Tier, said “we already have more than 1,000 of our industry leading scooters in our U.K. warehouse ready to be deployed.” The head of Voi in the U.K., Richard Corbett, previously ran Bird’s business in the country. He said on Tuesday that Voi hopes to have its first pilot up and running in weeks.The government said last year it was contemplating a loosening of legislation on e-scooters as it had become a barrier to innovation.Coronavirus has helped to accelerate the process. In May, the government said it wanted to enable trials on U.K. roads as a way to help public transit networks adhere to social distancing guidelines as the country’s lockdown is eased.However, not everyone is comfortable with the way the consultation has been unfolding. Adam Norris, a former director at financial firm Hargreaves Lansdown Plc and founder of e-scooter retailer Pure Electric, said last month he was concerned the government’s consultation may be unduly influenced by the firms with “the biggest lobbying checkbooks, and that tends to be the American scooter rental companies.”Norris said at the time his company was planning to open about a dozen new high street stores this year to sell e-scooters, taking over several sites used by retailer Cycle Republic prior to its closing by parent Halfords Group Plc.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Are Investors Undervaluing Halfords Group Plc (HLFDY) Right Now?
    Zacks

    Are Investors Undervaluing Halfords Group Plc (HLFDY) Right Now?

    Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

  • Quality and value could be major drivers of this small-cap stock
    Stockopedia

    Quality and value could be major drivers of this small-cap stock

    Shares in Halfords (LON:HFD) are currently trading at 167.84 but a key question for investors is how the economic uncertainty caused by Covid-19 will affect th...

  • Does Halfords Group plc (LON:HFD) Create Value For Shareholders?
    Simply Wall St.

    Does Halfords Group plc (LON:HFD) Create Value For Shareholders?

    Today we'll look at Halfords Group plc (LON:HFD) and reflect on its potential as an investment. Specifically, we're...

  • Ford to Unveil Bronco SUV, Plans to Suspend Edge Production
    Zacks

    Ford to Unveil Bronco SUV, Plans to Suspend Edge Production

    Ford's (F) suspension of the Edge SUV production might lead to the closing of the Ontario factory in Canada.

  • Tesla (TSLA) Closes at Record High: Model 3 Driving the Stock
    Zacks

    Tesla (TSLA) Closes at Record High: Model 3 Driving the Stock

    Tesla's (TSLA) sales of the made-in-China version of Model 3 total 11,095 in May, up from the figures registered in April and March.

  • Toyota (TM) Partners With Chinese Firms for Fuel-Cell Systems
    Zacks

    Toyota (TM) Partners With Chinese Firms for Fuel-Cell Systems

    Toyota (TM) aims to supply fuel-cell systems for commercial vehicles in China as well as strengthen its ties with Chinese companies.

  • Quality and value are positive signs for Halfords
    Stockopedia

    Quality and value are positive signs for Halfords

    Shares in Halfords (LON:HFD) are currently trading at 188.641 but a key question for investors is how the economic uncertainty caused by Covid-19 will affect t...

  • Is Halfords Group Plc (HLFDY) Stock Undervalued Right Now?
    Zacks

    Is Halfords Group Plc (HLFDY) Stock Undervalued Right Now?

    Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

  • Expansion Efforts to Aid O'Reilly (ORLY) Amid Coronavirus Scare
    Zacks

    Expansion Efforts to Aid O'Reilly (ORLY) Amid Coronavirus Scare

    O'Reilly (ORLY) well poised to benefit from expanding its business through store openings and buyouts amid the coronavirus pandemic.

  • U.K. Fast-Tracks New Road Laws to Get Scooters on London Streets
    Bloomberg

    U.K. Fast-Tracks New Road Laws to Get Scooters on London Streets

    (Bloomberg) -- With commuters looking to get back to the office and still adhere to social distancing rules, the U.K. government is fast-tracking changes to transport laws to allow scooters in one of Europe’s most congested cities.The U.K. has been one of the laggards in Europe in allowing scooters on its roads, with some restrictive laws dating back to 1835. The government said last year that it was contemplating a loosening of legislation on e-scooters as it had become a barrier to innovation. The process is moving faster than expected.Previously, some small-scale trials in four U.K. cities -- not including London -- had been planned for 2021 under a formerly-announced legislative review. This week the U.K. government offered companies such as Bird, Lime, Tier and Voi Technology more detail about the “urgent legislation” it was considering to make their scooters legal, as part of a nationwide trial announced earlier this month.“It’s looking very positive,” said Fredrik Hjelm, co-founder and chief executive officer of Swedish startup Voi Technology.The government said this month it wanted to enable e-scooter trials on U.K. roads as a way to help public transit networks adhere to social distancing guidelines as the country’s lockdown is eased. Bicycles are already helping, with a record number hired by Londoners last weekend after the U.K. started to relax movement restrictions.The government told companies this week only rental scooters would be made legal initially, in part as a way to guarantee rides would be insured, the companies were told, according to a government consultation.Rival GiantsPatrick Studener, the European boss of one of the world’s biggest e-scooter companies, Bird Rides Inc., said his company has been talking to U.K. regulators and government officials and would be ready to deploy scooters in June.“We’ve got mechanics and scooters in London already because of the trial we’ve been running in the Olympic park,” Studener said in an interview, referring to an existing pilot permitted as it occupied private land.Roger Hassan, the London-based chief operating officer for Tier Mobility, one of Europe’s largest scooter rental startups, said London forced a particularly significant challenge on companies because, unlike other British cities, it’s divided up into 32 boroughs that are each governed separately.“Pre-coronavirus, we would have had to engage and negotiate with them all individually,” he said. “But people don’t live their lives within borough boundaries and the framework to roll out a meaningful alternative to public transit networks doesn’t necessarily exist yet.”Not everyone is comfortable with the way the consultation is unfolding. Adam Norris, a former director at financial firm Hargreaves Lansdown Plc and founder of e-scooter retailer Pure Electric, said he was concerned the government’s consultation may be unduly influenced by the firms with “the biggest lobbying checkbooks, and that tends to be the American scooter rental companies.”Norris said his company was planning to open about a dozen new high street stores this year to sell e-scooters, taking over several sites used by retailer Cycle Republic prior to its closing by parent Halfords Group Plc. He said this would also save “about 90 jobs” related to the defunct brand.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Two factors that could drive the Halfords share price higher
    Stockopedia

    Two factors that could drive the Halfords share price higher

    Shares in Halfords (LON:HFD) are currently trading at 165.6, but a key question for investors is how much the current economic uncertainty will affect the pric...

  • Reuters - UK Focus

    Boost for bikes as Europeans gear up for coronavirus commute

    Britain, a laggard compared to its continental neighbours when it comes to cycling to work, is now encouraging people to get in the saddle as part of a 250 million pound ($308 million)emergency active travel fund announced last week. Meanwhile, shares in British bicycles and car parts retailer Halfords soared as much as 26% on Monday after Britain's transport minister said those who needed to travel to work should consider cycling or walking.

  • What to watch: Airlines slide on UK quarantine, Halfords jumps on cycling boost, and stocks rise
    Yahoo Finance UK

    What to watch: Airlines slide on UK quarantine, Halfords jumps on cycling boost, and stocks rise

    A daily overview of the top business, market, and economic stories to watch in the UK, Europe, and abroad.

  • Reuters - UK Focus

    Halfords shares soar after Britons told cycle to work when lockdown eases

    Shares in British bicycles and car parts retailer Halfords soared as much as 24% on Monday, boosted by the government's announcement that people should consider cycling to work when the coronavirus lockdown is eased. Transport minister Grant Shapps said on Saturday that even with public transport reverting to a full service, once social distancing rules were taken into account there would only be effective capacity for one in 10 passengers in many parts of the UK transport network, just a tenth of the old capacity. Shapps also said E-scooter trials would be brought forward, with the potential for rental vehicles on UK roads as early as June.

  • Coronavirus: Global stocks sell-off on fears of second COVID-19 spike
    Yahoo Finance UK

    Coronavirus: Global stocks sell-off on fears of second COVID-19 spike

    Construction and manufacturing staff were told to go back to work from this week, while non-essential shops could open in June.

  • EQS Group

    Total Voting Rights

    Halfords Group PLC (HFD) 30-Apr-2020 / 15:00 GMT/BST Dissemination of a Regulatory Announcement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement. Halfords Group plc Total Voting Rights As at the date of this announcement, the registered share capital of Halfords Group plc (the "Company") consists of 199,116,632 ordinary shares of 1p each. All of the ordinary shares have equal voting rights and there are no shares held in Treasury.This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.This disclosure is given in accordance with DTR 5.6.1 of the Disclosure Guidance and Transparency Rules. Tim O'Gorman Company Secretary01527 513025 * * * ISIN: GB00B012TP20 Category Code: TVR TIDM: HFD LEI Code: 54930086FKBWWJIOBI79 OAM Categories: 2.5. Total number of voting rights and capital Sequence No.: 61345 EQS News ID: 1033851 End of Announcement EQS News Service

  • EQS Group

    Halfords Group PLC: Disclosure of Rights Attaching to Equity Shares

    Halfords Group PLC (HFD) 28-Apr-2020 / 11:06 GMT/BST Dissemination of a Regulatory Announcement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement. Halfords Group plc Publication of Articles of Association In compliance with Listing Rule 9.2.6ER(1), the Company has forwarded to the FCA for publication a copy of its Articles of Association, which is the document that sets out the terms and conditions on which its listed equity shares were issued. A copy of the Articles of Association have been submitted to the National Storage Mechanism and will shortly be available for inspection at https://www.fca.org.uk/markets/primary-markets/regulatory-disclosures/national-storage-mechanism. Tim O'Gorman Company Secretary01527 513025 * * * ISIN: GB00B012TP20 Category Code: MSCL TIDM: HFD LEI Code: 54930086FKBWWJIOBI79 OAM Categories: 3.1. Additional regulated information required to be disclosed under the laws of a Member State Sequence No.: 60939 EQS News ID: 1031755 End of Announcement EQS News Service

  • Reuters - UK Focus

    Halfords forecasts 25% sales drop, tries to save cash

    British bicycles and car products retailer Halfords warned that it was likely that sales would drop sharply as a result of government measures to prevent the spread of coronavirus, prompting it to try to save cash. Halfords said that it was planning for a sales decline of 25% during its new financial year which starts in April, with the April-June period worst affected. "Given the rapidly changing situation, there is no certainty on the severity or duration of the impact on the business and so we are not providing formal profit guidance for FY21 at this time," Halfords said on Wednesday.

  • EQS Group

    Halfords Group PLC: Proposed closure of Cycle Republic and Boardman Performance Centre

    Halfords Group PLC (HFD) 16-March-2020 / 09:00 GMT/BST Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group. The issuer is solely responsible for the content of this announcement. 16th March 2020 Halfords Group plc Proposed closure of Cycle Republic and Boardman Performance Centre Halfords Group plc ("Halfords" or "The Group") today announces a proposal to close the operations of Cycle Republic and the Boardman Performance Centre ("Cycle Republic") following a strategic review of the Group's cycling businesses. Our proposal links directly to our strategic update in November 2019. At the time, we outlined our intent to improve the profitability of our cycling business and the proposed closure of Cycle Republic reflects the challenging economics of a store-based dedicated performance cycling operation. Exiting a low-returning, stock intensive business allows us to improve our return on capital whilst freeing up investment and resources to continue to drive our services-focused strategy, with an emphasis on accelerating the growth of our motoring businesses. The proposed closure is expected to be marginally accretive to earnings in FY21 and will also enhance cashflow and net debt on an ongoing basis, principally through lower working capital requirements. Performance Cycling is an important category for Halfords. We currently serve the enthusiast cycling market through Tredz, a predominantly online business, and through Cycle Republic, a commuter led, store and online offer. Going forward, we believe we will better serve this market by singularly focusing our investment and resources into the Tredz brand, which has both a differentiated and specialist customer proposition and a superior business model in this part of the cycling market. With investment in the Tredz business, alongside our core Halfords Retail cycling business, we believe we will be uniquely placed to serve both the enthusiast and the mainstream customer in a more economic way than we do today. From today we will launch a consultation process with the 226 colleagues affected by the proposal, with a view to mitigating redundancies where possible. We are also actively exploring opportunities to sell the sites as a going concern. Subject to the outcome of current negotiations and consultation, the stores are expected to close during the first half of FY21. The proposed closure does not affect the previously stated profit guidance for FY20. In the year ended 29 March 2019 Cycle Republic made a loss of £4.3m, with the FY20 loss expected to be materially smaller. The gross assets attributable to Cycle Republic were £27.0m as at 27 September 2019, which includes £14.4m relating to a right of use asset under IFRS16. There will be pre-tax exceptional costs associated with the implementation, subject to the outcome of the consultation process, which are currently estimated to be £25-35m, with the majority being cash costs. The majority of these cash costs relate to the existing retail store lease arrangements and therefore will be incurred over the period of the remaining leases, which have an average length remaining of 4.9 years. All numbers provided are on a pre-IFRS16 basis, unless otherwise stated. A further update will be provided in Halfords Preliminary Results release on 2 June 2020. Graham Stapleton, CEO said: "The Board has come to the difficult, but necessary, decision to propose the closure of Cycle Republic, our retail store-focussed performance cycling brand. This proposal is not a reflection of the hard work of our Cycle Republic colleagues, who I would like to thank for their commitment and passion in serving our customers. We are now moving into a period of consultation with impacted colleagues with a view to mitigating as many redundancies as possible. Going forward we propose to focus our investment and resources in Halfords and Tredz, through which we will deliver market-leading specialist propositions for both mainstream and enthusiast cyclists via a business model that improves our overall economics." EnquiriesInvestors & Analysts (Halfords) Loraine Woodhouse, Chief Financial Officer Neil Ferris, Corporate Finance Director +44 (0) 7483 360 675 Media (Tulchan) +44 (0) 20 7353 4200 Will Palfreyman Will Smith Conference CallThere will be a conference call for investors and sell-side analysts beginning at 10.30am today (UK time). The participant dial-in is +44 (0)333 300 0804 or 0800 358 9473 (toll free). The PIN is 52437927. Reporting CalendarOn 2 June 2020 we will report our annual results for the 53 weeks ending 3 April 2020 along with an update on our plans for FY21. Notes to Editors www.halfords.com www.halfordscompany.com www.halfordsautocentres.com www.cyclerepublic.com www.boardmanbikes.com www.tredz.co.uk Halfords is the UK's leading provider of motoring and cycling services and products. Customers shop at 446 Halfords stores, 26 Performance Cycling stores (trading as Cycle Republic, Tredz, Boardman and Giant), 369 garages (trading as Halfords Autocentres) and have access to 75 mobile service vans (trading as Halfords Mobile Expert). Customers can also shop at halfords.com, cyclerepublic.com and tredz.co.uk for pick up at their local store or direct home delivery, as well as booking garage services online at halfordsautocentres.com. Cautionary Statement This report contains certain forward-looking statements with respect to the financial condition, results of operations, and businesses of Halfords Group plc. These statements and forecasts involve risk, uncertainty and assumptions because they relate to events and depend upon circumstances that will occur in the future. There are a number of factors that could cause actual results or developments to differ materially from those expressed or implied by these forward-looking statements. These forward-looking statements are made only as at the date of this announcement. Nothing in this announcement should be construed as a profit forecast. Except as required by law, Halfords Group plc has no obligation to update the forward-looking statements or to correct any inaccuracies therein. * * * ISIN: GB00B012TP20 Category Code: REP TIDM: HFD LEI Code: 54930086FKBWWJIOBI79 OAM Categories: 3.1. Additional regulated information required to be disclosed under the laws of a Member State Sequence No.: 52537 EQS News ID: 997895 End of Announcement EQS News Service

  • Are Insiders Buying Halfords Group plc (LON:HFD) Stock?
    Simply Wall St.

    Are Insiders Buying Halfords Group plc (LON:HFD) Stock?

    It is not uncommon to see companies perform well in the years after insiders buy shares. The flip side of that is that...

  • Should You Buy Halfords Group plc (LON:HFD) For Its Dividend?
    Simply Wall St.

    Should You Buy Halfords Group plc (LON:HFD) For Its Dividend?

    Is Halfords Group plc (LON:HFD) a good dividend stock? How can we tell? Dividend paying companies with growing...

  • Halfords Group plc (LON:HFD): Does The Earnings Decline Make It An Underperformer?
    Simply Wall St.

    Halfords Group plc (LON:HFD): Does The Earnings Decline Make It An Underperformer?

    Examining Halfords Group plc's (LSE:HFD) past track record of performance is an insightful exercise for investors. It...

  • Are Investors Undervaluing Halfords Group plc (LON:HFD) By 28%?
    Simply Wall St.

    Are Investors Undervaluing Halfords Group plc (LON:HFD) By 28%?

    Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Halfords Group plc...

  • Do You Like Halfords Group plc (LON:HFD) At This P/E Ratio?
    Simply Wall St.

    Do You Like Halfords Group plc (LON:HFD) At This P/E Ratio?

    This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios...

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