Dunelm Group plc (LON:DNLM) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Dunelm Group plc (LON:DNLM) have received an average recommendation of “Moderate Buy” from the eight ratings firms that are currently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is GBX 1,397.13.

A number of research firms have recently issued reports on DNLM. Berenberg Bank reissued a “buy” rating and issued a GBX 1,480 target price on shares of Dunelm Group in a report on Tuesday, September 9th. Shore Capital initiated coverage on shares of Dunelm Group in a research report on Tuesday, November 11th. They issued a “buy” rating and a GBX 1,300 price objective on the stock. UBS Group restated a “buy” rating and set a GBX 1,360 price objective on shares of Dunelm Group in a research report on Friday, October 17th. Canaccord Genuity Group restated a “buy” rating and issued a GBX 1,320 target price on shares of Dunelm Group in a research note on Wednesday, September 10th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Dunelm Group from GBX 1,140 to GBX 1,240 and gave the company a “neutral” rating in a report on Tuesday, October 28th.

Insiders Place Their Bets

In other Dunelm Group news, insider Karen Witts bought 10,790 shares of the company’s stock in a transaction on Monday, December 1st. The shares were bought at an average price of GBX 1,104 per share, for a total transaction of £119,121.60. Also, insider Daniel Taylor bought 4,000 shares of the business’s stock in a transaction dated Monday, November 3rd. The shares were acquired at an average cost of GBX 1,163 per share, with a total value of £46,520. Over the last quarter, 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 corporate insiders.

Dunelm Group Stock Performance

Shares of DNLM stock opened at GBX 1,112.62 on Monday. The stock’s 50-day moving average price is GBX 1,116.54 and its 200 day moving average price is GBX 1,143.43. The company has a quick ratio of 0.16, a current ratio of 1.04 and a debt-to-equity ratio of 236.84. The stock has a market capitalization of £2.24 billion, a PE ratio of 14.49, a price-to-earnings-growth ratio of -10.32 and a beta of 1.18. Dunelm Group has a 52-week low of GBX 836.61 and a 52-week high of GBX 1,249.

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.