Halfords Group (HFD)

Sector:

Retailers

Index:

FTSE Small Cap

236.50p
   
  • Change Today:
      8.50p
  • 52 Week High: 245.00
  • 52 Week Low: 51.85
  • Currency: UK Pounds
  • Shares Issued: 199.12m
  • Volume: 509,989
  • Market Cap: £470.91m
  • RiskGrade: 354

Halfords to close 60 sites this year - report

By Sean Farrell

Date: Monday 13 Jul 2020

LONDON (ShareCast) - (Sharecast News) - Halfords has earmarked up to 60 branches for closure this year as it speeds up plans to shrink the number of stores in response to coronavirus, according to a report.
The car service and bike retail company will close garages and retail shops with employees expected to move to other sites, the Telegraph said. Halfords is in talks with landlords over a series of leases that are coming up for renewal.

Before the Covid-19 pandemic Halfords was closing about six sites a year but it has announced plans to speed up the "rightsizing" of the company. The company's operations include 446 Halfords stores, 371 garages and 75 new mobile service vans to fix cars at people's homes.

Halfords said on 7 July it was cautious about the outlook despite reporting better-than-expected trading based on booming bike sales. Sales in the 13 weeks to 3 July fell 2.8% from a year earlier and 6.5% like-for-like, which Halfords said was much better than predicted in late March.

The company's shares have shot up during the Covid-19 crisis based on expectations that people would cycle to work and get their cars in shape to avoid using public transport. The government has announced a range of measures to encourage cycling including more bike lanes and vouchers to get cycles serviced.

Halfords' bike sales jumped 57% in the three months to early July and cycle maintenance revenue increased 42%. But the company warned that bicycles were less profitable than car-related sales, traditionally its biggest business.



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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Halfords Group Market Data

Currency UK Pounds
Share Price 236.50p
Change Today 8.50p
% Change 3.73 %
52 Week High 245.00
52 Week Low 51.85
Volume 509,989
Shares Issued 199.12m
Market Cap £470.91m
RiskGrade 354

Halfords Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
66.55% above the market average66.55% above the market average66.55% above the market average66.55% above the market average66.55% above the market average
38.78% above the sector average38.78% above the sector average38.78% above the sector average38.78% above the sector average38.78% above the sector average
Price Trend
64.11% above the market average64.11% above the market average64.11% above the market average64.11% above the market average64.11% above the market average
75.51% above the sector average75.51% above the sector average75.51% above the sector average75.51% above the sector average75.51% above the sector average
Income
34.85% below the market average34.85% below the market average34.85% below the market average34.85% below the market average34.85% below the market average
16.13% below the sector average16.13% below the sector average16.13% below the sector average16.13% below the sector average16.13% below the sector average
Growth
86.99% below the market average86.99% below the market average86.99% below the market average86.99% below the market average86.99% below the market average
59.18% below the sector average59.18% below the sector average59.18% below the sector average59.18% below the sector average59.18% below the sector average

What The Brokers Say

Strong Buy 4
Buy 0
Neutral 1
Sell 0
Strong Sell 0
Total 5
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Halfords Group Dividends

  Latest Previous
  Interim Final
Ex-Div 05-Dec-19 25-Jul-19
Paid 17-Jan-20 30-Aug-19
Amount 6.18p 12.39p

Trades for 29-Oct-2020

Time Volume / Share Price
16:35 55,583 @ 236.50p
16:29 662 @ 236.50p
16:29 13 @ 237.50p
16:29 11 @ 237.50p
16:29 20 @ 237.50p

Halfords Group Key Personnel

CEO Graham Stapleton
CFO Loraine Woodhouse

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