Dunelm Group’s (DNLM) Buy Rating Reiterated at Shore Capital Group

Shore Capital Group restated their buy rating on shares of Dunelm Group (LON:DNLM) in a research report released on Friday, MarketBeat.com reports. Shore Capital Group currently has a GBX 1,000 price target on the stock.

Other equities research analysts have also issued research reports about the stock. Berenberg Bank restated a “buy” rating and issued a GBX 1,200 price target on shares of Dunelm Group in a report on Wednesday, September 9th. Deutsche Bank Aktiengesellschaft dropped their price objective 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, September 9th. Canaccord Genuity Group reduced their price objective on shares of Dunelm Group from GBX 1,240 to GBX 1,185 and set a “buy” rating for the company in a research note on Thursday, September 10th. Finally, JPMorgan Chase & Co. lowered their target price on Dunelm Group from GBX 1,225 to GBX 1,050 and set an “overweight” rating for the company in a report on Wednesday, September 9th. Eight investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of GBX 1,111.11.

Dunelm Group Price Performance

Shares of DNLM stock opened at GBX 759.50 on Friday. Dunelm Group has a twelve month low of GBX 707 and a twelve month high of GBX 1,174. The stock has a market capitalization of £1.53 billion, a price-to-earnings ratio of 10.33, a P/E/G ratio of -10.32 and a beta of 0.97. The stock has a fifty day simple moving average of GBX 851.70 and a two-hundred day simple moving average of GBX 820.27. The company has a current ratio of 1.02, a quick ratio of 0.16 and a debt-to-equity ratio of 258.52.

Dunelm Group (LON:DNLM) last announced its quarterly earnings results on Tuesday, September 8th. The company reported GBX 77 EPS for the quarter. Dunelm Group had a return on equity of 99.65% and a net margin of 8.52%. On average, analysts predict that Dunelm Group will post 77.0957096 EPS for the current fiscal year.

Insider Activity

In other news, insider Ajay Kavan acquired 3,302 shares of the business’s stock in a transaction dated Monday, September 14th. The shares were purchased at an average price of GBX 753 per share, with a total value of £24,864.06. Also, insider Ian Bull acquired 2,500 shares of the business’s 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. In the last ninety days, insiders have bought 15,802 shares of company stock worth $11,676,406. Corporate insiders own 34.19% 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.