Brown-Forman Co. (NYSE:BF.B) Short Interest Update

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Brown-Forman Co. (NYSE:BF.B) saw a large decrease in short interest in November. As of November 15th, there was short interest totalling 12,620,000 shares, a decrease of 7.7% from the October 31st total of 13,670,000 shares. Based on an average daily volume of 1,460,000 shares, the short-interest ratio is currently 8.6 days. Approximately 4.2% of the company’s shares are short sold.

A number of research firms have issued reports on BF.B. Barclays set a $66.00 target price on shares of Brown-Forman and gave the company a “hold” rating in a report on Friday, August 30th. Redburn Partners lowered shares of Brown-Forman from a “buy” rating to a “neutral” rating in a report on Friday, October 11th. Evercore ISI lowered shares of Brown-Forman from an “in-line” rating to an “underperform” rating and set a $60.00 target price on the stock. in a report on Thursday, September 19th. ValuEngine lowered shares of Brown-Forman from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, Pivotal Research restated a “buy” rating and issued a $65.00 target price on shares of Brown-Forman in a report on Thursday, August 29th. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $57.13.

NYSE BF.B opened at $67.82 on Monday. Brown-Forman has a 12 month low of $44.57 and a 12 month high of $68.99. The company has a 50-day moving average of $65.03 and a 200-day moving average of $59.05. The company has a debt-to-equity ratio of 1.36, a current ratio of 3.27 and a quick ratio of 1.42. The company has a market cap of $32.80 billion, a P/E ratio of 39.20, a P/E/G ratio of 5.10 and a beta of 0.66.

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Thursday, December 5th will be issued a $0.174 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date of this dividend is Wednesday, December 4th. This is a boost from Brown-Forman’s previous quarterly dividend of $0.17. Brown-Forman’s dividend payout ratio is currently 38.15%.

Brown-Forman Company Profile

Brown-Forman Corporation manufactures, bottles, imports, exports, markets, and sells various alcoholic beverages worldwide. It provides spirits, wines, ready-to-drink cocktails, whiskeys, vodkas, tequilas, champagnes, brandy, and liqueurs. The company offers its products primarily under the Jack Daniel's, Gentleman Jack, Woodford Reserve, Korbel, Finlandia, el Jimador, Herradura, Sonoma-Cutrer, Canadian Mist, GlenDronach, BenRiach, Glenglassaugh, Chambord, Old Forester, Early Times, Pepe Lopez, Antiguo, Slane Irish, and Coopers' Craft brands.

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