Dunelm Group (LON:DNLM – Free Report) had its price objective lowered by Canaccord Genuity Group from GBX 1,240 to GBX 1,185 in a research report sent to investors on Thursday morning,Digital Look reports. The brokerage currently has a buy rating on the stock.
Other analysts have also recently issued reports about the company. Shore Capital Group restated a “buy” rating and issued a GBX 1,000 price objective on shares of Dunelm Group in a research report on Tuesday, September 8th. Berenberg Bank reiterated a “buy” rating and set a GBX 1,200 target price on shares of Dunelm Group in a research report on Wednesday. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Dunelm Group from GBX 1,050 to GBX 1,000 and set a “buy” rating on the stock in a research note on Wednesday. Finally, JPMorgan Chase & Co. cut their price target on shares of Dunelm Group from GBX 1,225 to GBX 1,050 and set an “overweight” rating for the company in a report on Wednesday. Eight research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of GBX 1,111.11.
Get Our Latest Research Report on Dunelm Group
Dunelm Group Price Performance
Dunelm Group (LON:DNLM – Get Free Report) last released its quarterly earnings results on Tuesday, September 8th. The company reported GBX 77 earnings per share for the quarter. Dunelm Group had a return on equity of 99.65% and a net margin of 8.52%. As a group, equities analysts expect that Dunelm Group will post 77.0957096 EPS for the current fiscal year.
Insider Activity at Dunelm Group
In other news, insider Alison Brittain bought 10,000 shares of the firm’s stock in a transaction dated Wednesday, September 9th. The shares were acquired at an average price of GBX 732 per share, for a total transaction of £73,200. Also, insider Ian Bull purchased 2,500 shares of the stock in a transaction dated Wednesday, September 9th. The stock was purchased at an average cost of GBX 748 per share, for a total transaction of £18,700. 34.19% of the stock is currently owned by insiders.
Key Stories Impacting Dunelm Group
Here are the key news stories impacting Dunelm Group this week:
- Positive Sentiment: Non-executive director Alison Brittain purchased 10,000 shares for approximately £73,200 at an average price of GBX 732. The sizeable investment may signal confidence that Dunelm’s recent weakness has created an attractive valuation.
- Positive Sentiment: Non-executive director Ian Bull bought 2,500 shares for £18,700 at GBX 748, providing another insider-confidence signal. Dunelm Group Insider Buying
- Positive Sentiment: Berenberg reaffirmed its “buy” rating with a GBX 1,200 target, while Shore Capital also maintained a “buy” recommendation with a GBX 1,000 target. These targets remain above the recent trading range. Berenberg Reaffirms Buy Rating
- Neutral Sentiment: Dunelm retains a “Moderate Buy” consensus, with eight analysts rating the shares “buy” and one rating them “sell.” The average target is GBX 1,111.11, suggesting substantial potential upside but also some disagreement among analysts.
- Negative Sentiment: JPMorgan reduced its target from GBX 1,225 to GBX 1,050, Deutsche Bank cut its target from GBX 1,050 to GBX 1,000, and Canaccord lowered its target from GBX 1,240 to GBX 1,185. Although the firms retained positive ratings, the cuts indicate more measured views on Dunelm’s growth or valuation. Deutsche Bank Forecast for Dunelm
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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