Dunelm Group’s (DNLM) Buy Rating Reaffirmed at Jefferies Financial Group

Dunelm Group (LON:DNLM)‘s stock had its “buy” rating reissued by Jefferies Financial Group in a note issued to investors on Thursday, October 15th, Digital Look reports. They presently have a GBX 1,030 price objective on the stock. Jefferies Financial Group’s price target would suggest a potential upside of 20.19% from the stock’s previous close.

Several other research firms have also weighed in on DNLM. JPMorgan Chase & Co. cut their target price on Dunelm Group from GBX 1,225 to GBX 1,050 and set an “overweight” rating on the stock in a research note on Wednesday, September 9th. Shore Capital Group restated a “buy” rating and set a GBX 1,000 target price on shares of Dunelm Group in a report on Friday, September 18th. Berenberg Bank restated a “buy” rating and set a GBX 1,200 target price on shares of Dunelm Group in a research report on Wednesday, September 9th. Canaccord Genuity Group lowered their price target on 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, Deutsche Bank Aktiengesellschaft lowered their price target on Dunelm Group from GBX 1,050 to GBX 1,000 and set a “buy” rating for the company in a research note on Wednesday, September 9th. Seven investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of GBX 1,074.38.

Dunelm Group Trading Down 3.3%

Shares of DNLM stock traded down GBX 29 during trading hours on Thursday, reaching GBX 857. The company had a trading volume of 332,040 shares, compared to its average volume of 1,901,631. The company has a 50 day moving average of GBX 824.33 and a 200 day moving average of GBX 813.50. 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 cap of £1.73 billion, a price-to-earnings ratio of 11.16, a P/E/G ratio of -10.32 and a beta of 1.03. Dunelm Group has a 1-year low of GBX 707 and a 1-year high of GBX 1,174.

Dunelm Group (LON:DNLM) last posted its quarterly earnings results on Tuesday, September 8th. The company reported GBX 77 earnings per share (EPS) for the quarter. Dunelm Group had a return on equity of 99.65% and a net margin of 8.52%. On average, equities research analysts anticipate that Dunelm Group will post 77.10 EPS for the current year.

Insider Activity at Dunelm Group

In other news, insider Ajay Kavan purchased 3,302 shares of the firm’s stock in a transaction dated Monday, September 14th. The stock was bought at an average price of GBX 753 per share, with a total value of £24,864.06. Also, insider Ian Bull purchased 2,500 shares of the firm’s stock in a transaction dated Wednesday, September 9th. The stock was purchased at an average cost of GBX 748 per share, with a total value of £18,700. Over the last quarter, insiders purchased 18,302 shares of company stock valued at $13,633,906. 34.22% of the stock is owned by corporate 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.