Shares of Dunelm Group plc (LON:DNLM – Get Free Report) traded up 7.9% during mid-day trading on Thursday. The company traded as high as GBX 883.60 and last traded at GBX 864.50. 24,720,576 shares changed hands during mid-day trading, an increase of 1,106% from the average session volume of 2,050,301 shares. The stock had previously closed at GBX 801.
Wall Street Analyst Weigh In
Several analysts recently commented on the company. Deutsche Bank Aktiengesellschaft cut their price objective on Dunelm Group from GBX 1,050 to GBX 1,000 and set a “buy” rating for the company in a report on Wednesday, September 9th. Berenberg Bank reissued a “buy” rating and issued a GBX 1,200 target price on shares of Dunelm Group in a report on Wednesday, September 9th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 1,030 target price on shares of Dunelm Group in a research report on Thursday. JPMorgan Chase & Co. cut their price target on Dunelm Group from GBX 1,225 to GBX 1,050 and set an “overweight” rating for the company in a research note on Wednesday, September 9th. Finally, Shore Capital Group restated a “buy” rating and set a GBX 1,000 price target on shares of Dunelm Group in a research note on Friday, September 18th. Eight equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of GBX 1,106.11.
Get Our Latest Stock Report on Dunelm Group
Dunelm Group Stock Up 7.9%
The company has a debt-to-equity ratio of 258.52, a current ratio of 1.02 and a quick ratio of 0.16. The firm has a market capitalization of £1.74 billion, a P/E ratio of 11.26, a P/E/G ratio of -10.32 and a beta of 1.03. The company’s 50-day simple moving average is GBX 824.82 and its two-hundred day simple moving average is GBX 810.38.
Dunelm Group (LON:DNLM – Get Free Report) last issued its quarterly earnings data on Tuesday, September 8th. The company reported GBX 77 earnings per share (EPS) for the quarter. Dunelm Group had a net margin of 8.52% and a return on equity of 99.65%. As a group, research analysts expect that Dunelm Group plc will post 77.10 earnings per share for the current year.
Insider Activity at Dunelm Group
In related news, insider Alison Brittain bought 10,000 shares of the stock in a transaction that occurred on Wednesday, September 9th. The shares were bought at an average cost of GBX 732 per share, for a total transaction of £73,200. Also, insider Ian Bull purchased 2,500 shares of the business’s stock in a transaction on Wednesday, September 9th. The shares were bought at an average cost of GBX 748 per share, with a total value of £18,700. Insiders bought 18,302 shares of company stock valued at $13,633,906 in the last ninety days. Corporate insiders own 34.22% of the company’s stock.
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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