Halfords Group PLC Unsponsored ADR (HLFDY)
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Panmure Liberum raises Halfords target price after profit upgrade
Panmure Liberum, the broker, has raised its target price for Halfords Group PLC (LSE:HFD) to 300 pence from 260 pence, maintaining its 'buy' rating on the car parts and cycling retailer. The upgrade follows Halfords' announcement that it now expects underlying pre-tax profit of between £55 million and £65 million for the financial year to March 2027, ahead of current market consensus of £52.6 million.
Halfords upgrades profit outlook after strong summer trading
Halfords Group PLC (LSE:HFD) has upgraded its profit expectations for the current year after stronger-than-expected trading, helped by momentum across the underlying business and unusually warm summer weather. The motoring and cycling retailer now expects underlying profit before tax of between £55 million and £65 million for the year, ahead of current market consensus of £52.6 million.
Halfords has more road to run as broker upgrades target
Halfords Group PLC (LSE:HFD) has more road ahead after Panmure Liberum lifted its target price to 260p from 190p, arguing that the motor and cycle retailer's recent re-rating is backed by improving earnings momentum across the business. The broker kept its Buy rating on the shares, which closed at 217p on 25 June, and raised FY27 pre-tax profit forecasts to £54mln, slightly ahead of the company's upgraded guidance range.
Halfords Group plc (HLFDY) Q4 2026 Earnings Call Transcript
Halfords Group plc (HLFDY) Q4 2026 Earnings Call Transcript
Halfords Group plc (HLFDY) Discusses Strong Financial Results and Strategic Progress in Business Optimization Transcript
Halfords Group plc (HLFDY) Discusses Strong Financial Results and Strategic Progress in Business Optimization Transcript
Halfords shares rise 13% as profit beats forecasts and margins hit decade high
Shares in Halfords Group PLC (LSE:HFD) rose 13% to 203.76p after the motoring and cycling retailer reported underlying profit ahead of expectations and its highest gross margin in a decade. Group sales grew 4.8% on a like-for-like basis in the 53-week period to 3 April 2026, with retail up 4.1% and the Autocentres servicing business up 5.8%.
Halfords Group plc (HLFDY) Q2 2026 Earnings Call Transcript
Halfords Group plc (HLFDY) Q2 2026 Earnings Call Transcript
Halfords investors unimpressed as new CEO unveils growth plan
Halfords Group PLC (LSE:HFD) shares fell 2.2% to 140.45p, with investors seeming to be unimpressed as the retailer confirmed a solid set of first-half results, reaffirmed full-year guidance and unveiled a refreshed strategy under new chief executive Henry Birch, focused on improving execution and long-term growth. The company's first-half results – largely pre-released in an update last month – showed like-for-like sales up 4.1% thanks to robust performances in cycling and garages, with underlying pre-tax profit edging up 1% to £21.2 million.
Halfords pedals higher as first-half hints at brighter outlook
Halfords Group PLC (LSE:HFD) shares pedalled 6.4% higher to 146.17p as it reported improved sales growth from cycling products in its retail business in the first half of its financial year. Group sales were up 4.1% on a like-for-like basis in the 26 weeks to 26 September, with retail LFL sales rising 4.0%, while Autocentres advanced 4.3%.
Halfords 'Fusion' experiment excites analysts
Analysts at Panmure Liberum have returned from field visits to Halfords Group PLC's (LSE:HFD) Chelmsford sites with renewed confidence that the motoring and cycling retailer is finally making its hybrid model work. They expect a “solid” first-half trading update later this month, helped by buoyant cycling sales, stronger garage economics and an improving margin picture.
Halfords jumps 15% as cycle sales and cold weather prompt profit upgrade
Halfords Group PLC (LSE:HFD) has upped its profit expectations for the current year after better sales than expected in its latest quarter, especially in cycling. Christmas gifting of bikes contributed to retail like-for-like sales growth of 13.1% in December, while autocentres also produced a strong performance in the more profitable and strategically important Services, Maintenance and Repair (SMR) market, said the FTSE 250 group.
Halfords warns of price hikes as Budget hit seen at £23mln
Halfords Group PLC (LSE:HFD) has warned of price rises on the back of a multi-million-pound surge in costs related to last month's Budget. Higher employer national insurance and minimum wages are set to add around £23 million to costs from next year, the motor retailer said in interim results on Tuesday.
