Shore Capital reissued their buy rating on shares of Dunelm Group (LON:DNLM – Free Report) in a research report report published on Thursday, Marketbeat reports.
Several other equities analysts have also recently commented on DNLM. JPMorgan Chase & Co. raised their price target on shares of Dunelm Group from GBX 1,140 to GBX 1,240 and gave the company a “neutral” rating in a research report on Tuesday, October 28th. Jefferies Financial Group lifted their target price on Dunelm Group from GBX 1,755 to GBX 1,817 and gave the company a “hold” rating in a report on Tuesday, October 28th. Royal Bank Of Canada raised Dunelm Group to an “outperform” rating and boosted their target price for the stock from GBX 1,200 to GBX 1,300 in a research note on Monday, November 3rd. Finally, UBS Group reaffirmed a “buy” rating and issued a GBX 1,360 price target on shares of Dunelm Group in a research report on Friday, October 17th. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of GBX 1,390.25.
Read Our Latest Stock Report on Dunelm Group
Dunelm Group Trading Up 0.7%
Insiders Place Their Bets
In other Dunelm Group news, insider Daniel Taylor bought 4,000 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The stock was purchased at an average price of GBX 1,163 per share, for a total transaction of £46,520. Also, insider Luisa Wright sold 2,257 shares of the stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of GBX 1,121, for a total transaction of £25,300.97. In the last 90 days, insiders acquired 17,790 shares of company stock valued at $20,056,160 and sold 61,854 shares valued at $70,913,541. 34.16% of the stock is currently owned by corporate insiders.
Dunelm Group News Roundup
Here are the key news stories impacting Dunelm Group this week:
- Positive Sentiment: Shore Capital reaffirmed a “buy” rating on Dunelm, providing some support from a retail broker and cushioning the sell‑off. Shore Capital Reaffirmation
- Neutral Sentiment: Berenberg trimmed its price target from GBX 1,480 to GBX 1,425 but kept a “buy” rating — a mild downgrade in expected upside that tempers investor enthusiasm without changing the positive recommendation. Berenberg Target Cut
- Negative Sentiment: Reporting and market reaction: coverage notes Dunelm shares “tumbled” after management flagged that festive demand weakened and Q2 sales growth slowed, with full‑year profit now expected at the low end of prior guidance — this operational update is the core reason for the downward pressure. Investors Chronicle: Festive Demand Hit
- Negative Sentiment: Market reaction piece reporting a steep intraday decline (about 19.5% in one report), reflecting investor selling after the trading statement and amplifying volatility. American Banking News: Trading Down
- Negative Sentiment: Earnings/forecast coverage: a detailed note warns Q2 sales growth slowed and reiterates the warning that full‑year profit will sit at the low end of expectations — this is the fundamental catalyst for the sell‑off. Investing.com: Q2 Sales Slow
About Dunelm Group
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.
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