Dunelm Group (LON:DNLM) Shares Pass Below Two Hundred Day Moving Average – What’s Next?

Shares of Dunelm Group plc (LON:DNLM) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 872.46 and traded as low as GBX 785.42. Dunelm Group shares last traded at GBX 816, with a volume of 6,254,000 shares.

Analysts Set New Price Targets

Several analysts have issued reports on DNLM shares. Canaccord Genuity Group cut their target price on Dunelm Group from GBX 1,280 to GBX 1,240 and set a “buy” rating for the company in a research note on Friday, April 17th. Berenberg Bank cut their target price on Dunelm Group from GBX 1,425 to GBX 1,350 and set a “buy” rating on the stock in a research note on Friday, April 17th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 1,075 price target on shares of Dunelm Group in a report on Thursday, April 16th. Finally, Shore Capital Group reiterated a “buy” rating on shares of Dunelm Group in a report on Thursday, April 16th. Seven investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Dunelm Group presently has a consensus rating of “Moderate Buy” and an average target price of GBX 1,199.44.

Dunelm Group Trading Up 2.0%

The stock has a fifty day simple moving average of GBX 780.40 and a 200 day simple moving average of GBX 872.46. The company has a debt-to-equity ratio of 175.79, a quick ratio of 0.16 and a current ratio of 0.83. The firm has a market cap of £1.64 billion, a P/E ratio of 11.10, a price-to-earnings-growth ratio of -10.32 and a beta of 0.96.

Insider Activity at Dunelm Group

In other news, insider Alison Brittain bought 12,500 shares of the stock in a transaction on Thursday, May 7th. The shares were bought at an average price of GBX 764 per share, with a total value of £95,500. Also, insider Ajay Kavan acquired 3,947 shares of the stock in a transaction dated Monday, May 11th. The stock was acquired at an average price of GBX 756 per share, for a total transaction of £29,839.32. 34.19% of the stock is owned by insiders.

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.