Berenberg Bank Lowers Dunelm Group (LON:DNLM) Price Target to GBX 1,350

Dunelm Group (LON:DNLM) had its target price reduced by research analysts at Berenberg Bank from GBX 1,425 to GBX 1,350 in a research note issued on Friday,Digital Look reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s target price points to a potential upside of 67.60% from the stock’s previous close.

A number of other equities analysts have also recently commented on DNLM. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Dunelm Group from GBX 1,360 to GBX 1,200 and set a “buy” rating on the stock in a research report on Friday, January 16th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 1,075 target price on shares of Dunelm Group in a research report on Thursday. Shore Capital Group reiterated a “buy” rating on shares of Dunelm Group in a research report on Thursday. Finally, Panmure Gordon decreased their target price on shares of Dunelm Group from GBX 995 to GBX 830 and set a “sell” rating on the stock in a research report on Monday, January 19th. Seven analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Dunelm Group has an average rating of “Moderate Buy” and a consensus price target of GBX 1,208.33.

Dunelm Group Trading Down 0.4%

DNLM stock opened at GBX 805.50 on Friday. The company has a market capitalization of £1.62 billion, a PE ratio of 10.96, a price-to-earnings-growth ratio of -10.32 and a beta of 1.03. Dunelm Group has a one year low of GBX 770 and a one year high of GBX 1,249. The company’s 50 day moving average price is GBX 888.65 and its two-hundred day moving average price is GBX 1,020.89. The company has a debt-to-equity ratio of 175.79, a quick ratio of 0.16 and a current ratio of 0.83.

Dunelm Group (LON:DNLM) last posted its quarterly earnings results on Tuesday, February 10th. The company reported GBX 42 EPS for the quarter. Dunelm Group had a net margin of 8.29% and a return on equity of 105.88%. As a group, analysts predict that Dunelm Group will post 77.0957096 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Luisa Wright bought 2,442 shares of the business’s stock in a transaction dated Friday, February 13th. The shares were purchased at an average price of GBX 963 per share, for a total transaction of £23,516.46. Corporate insiders own 34.13% of the company’s stock.

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.