Dunelm Group (LON:DNLM) Trading Down 17.1% – Should You Sell?

Dunelm Group plc (LON:DNLM) shares were down 17.1% during trading on Thursday . The stock traded as low as GBX 967.50 and last traded at GBX 969.87. Approximately 1,876,680 shares were traded during mid-day trading, an increase of 103% from the average daily volume of 924,755 shares. The stock had previously closed at GBX 1,170.

Analyst Ratings Changes

Several equities analysts recently issued reports on DNLM shares. Jefferies Financial Group raised their price target on Dunelm Group from GBX 1,755 to GBX 1,817 and gave the stock a “hold” rating in a research report on Tuesday, October 28th. UBS Group reissued a “buy” rating and set a GBX 1,360 price objective on shares of Dunelm Group in a research note on Friday, October 17th. Royal Bank Of Canada upgraded shares of Dunelm Group to an “outperform” rating and raised their target price for the stock from GBX 1,200 to GBX 1,300 in a report on Monday, November 3rd. JPMorgan Chase & Co. lifted their target price on shares of Dunelm Group from GBX 1,140 to GBX 1,240 and gave the stock a “neutral” rating in a research note on Tuesday, October 28th. Finally, Shore Capital initiated coverage on shares of Dunelm Group in a research report on Tuesday, November 11th. They set a “buy” rating and a GBX 1,300 price target for the company. Six analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,397.13.

Dunelm Group Trading Down 17.5%

The firm has a market cap of £1.95 billion, a PE ratio of 12.57, a PEG ratio of -10.32 and a beta of 1.18. The firm has a fifty day simple moving average of GBX 1,117.28 and a two-hundred day simple moving average of GBX 1,142.28. The company has a current ratio of 1.04, a quick ratio of 0.16 and a debt-to-equity ratio of 236.84.

Insiders Place Their Bets

In related news, insider Daniel Taylor purchased 4,000 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The shares were acquired at an average price of GBX 1,163 per share, for a total transaction of £46,520. Also, insider Karen Witts acquired 10,790 shares of Dunelm Group stock in a transaction on Monday, December 1st. The shares were bought at an average cost of GBX 1,104 per share, for a total transaction of £119,121.60. Over the last three months, insiders purchased 17,790 shares of company stock worth $20,056,160 and sold 61,854 shares worth $70,913,541. 34.16% of the stock is owned by company insiders.

Dunelm Group Company Profile

Dunelm is the UK’s market leader in homewares with a purpose ‘to help create the joy of truly feeling at home, now and for generations to come’. Its specialist customer proposition offers value, quality, choice and style across an extensive range of c.70,000 products, spanning multiple homewares and furniture categories and including services such as Made to Measure window treatments.

The business was founded in 1979 by the Adderley family, beginning as a curtains stall on Leicester market before expanding its store footprint.