Deutsche Bank Aktiengesellschaft Has Lowered Expectations for Dunelm Group (LON:DNLM) Stock Price

Dunelm Group (LON:DNLM) had its target price reduced by equities researchers at Deutsche Bank Aktiengesellschaft from GBX 1,050 to GBX 1,000 in a research note issued on Wednesday, Digital Look reports. The firm currently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price target would indicate a potential upside of 33.69% from the company’s current price.

A number of other analysts have also recently weighed in on DNLM. Shore Capital Group reaffirmed a “buy” rating and issued a GBX 1,000 price objective on shares of Dunelm Group in a report on Tuesday. JPMorgan Chase & Co. reduced their target price on shares of Dunelm Group from GBX 1,225 to GBX 1,050 and set an “overweight” rating for the company in a research note on Wednesday. Finally, Berenberg Bank restated a “buy” rating and issued a GBX 1,200 target price on shares of Dunelm Group in a research report on Wednesday. Eight equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Dunelm Group presently has a consensus rating of “Moderate Buy” and an average price target of GBX 1,117.22.

Dunelm Group Stock Down 1.6%

Shares of Dunelm Group stock opened at GBX 748 on Wednesday. The stock has a market capitalization of £1.51 billion, a price-to-earnings ratio of 10.18, a PEG ratio of -10.32 and a beta of 0.97. Dunelm Group has a twelve month low of GBX 707 and a twelve month high of GBX 1,174. The company has a current ratio of 0.83, a quick ratio of 0.16 and a debt-to-equity ratio of 175.79. The business’s 50 day simple moving average is GBX 858.19 and its 200-day simple moving average is GBX 833.50.

Dunelm Group (LON:DNLM) last released its quarterly earnings data on Tuesday, September 8th. The company reported GBX 77 earnings per share (EPS) for the quarter. Dunelm Group had a return on equity of 105.88% and a net margin of 8.29%. Equities research analysts forecast that Dunelm Group will post 77.0957096 earnings per share for the current year.

Dunelm Group News Roundup

Here are the key news stories impacting Dunelm Group this week:

• Positive Sentiment: Analyst support remains strong: Berenberg reaffirmed its “buy” rating and set a GBX 1,200 price target, implying substantial upside from recent levels.
• Positive Sentiment: Shore Capital also remains bullish, reiterating its “buy” rating with a GBX 1,000 target.
• Positive Sentiment: Operational performance was mixed but resilient: Dunelm reported improved revenue and increased its dividend, supporting the investment case for income-focused shareholders. Dunelm Group Full-year Profit Before Tax Flat; Revenue Improves; Lifts Dividend
• Neutral Sentiment: JPMorgan maintained an “overweight” rating but reduced its price target from GBX 1,225 to GBX 1,050, indicating confidence in the longer-term outlook while allowing for more cautious near-term expectations. JPMorgan target update
• Negative Sentiment: Profit before tax was broadly flat despite higher revenue, while reported earnings of 77 pence per share offered limited evidence of near-term earnings acceleration.
• Negative Sentiment: The new growth plan is weighing on sentiment: Dunelm is targeting faster sales growth, but investment and execution costs are expected to pressure profits in the near term. This prompted concerns that earnings growth may lag sales growth. Dunelm targets faster sales growth
• Negative Sentiment: Investor reaction suggests the strategy announcement has not convinced the market, with commentary describing Dunelm’s “master plan” as failing to win over the City. Dunelm’s new master plan fails to win over City

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.