Jefferies Financial Group Reaffirms Buy Rating for Dunelm Group (LON:DNLM)

Dunelm Group (LON:DNLM)‘s stock had its “buy” rating reaffirmed by investment analysts at Jefferies Financial Group in a report issued on Thursday, Digital Look reports. They currently have a GBX 1,030 price target on the stock. Jefferies Financial Group’s target price would indicate a potential upside of 19.35% from the stock’s previous close.

DNLM has been the topic of several other reports. JPMorgan Chase & Co. dropped their price objective on shares of 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. Berenberg Bank restated a “buy” rating and issued a GBX 1,200 price objective on shares of Dunelm Group in a research report on Wednesday, September 9th. Shore Capital Group reaffirmed a “buy” rating and issued a GBX 1,000 price objective on shares of Dunelm Group in a report on Friday, September 18th. Canaccord Genuity Group lowered their price objective on Dunelm Group from GBX 1,240 to GBX 1,185 and set a “buy” rating on the stock in a report on Thursday, September 10th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on Dunelm Group from GBX 1,050 to GBX 1,000 and set a “buy” rating on the stock in a research report on Wednesday, September 9th. Eight research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of GBX 1,106.11.

Dunelm Group Stock Up 7.7%

Dunelm Group stock opened at GBX 863 on Thursday. The stock has a 50 day moving average of GBX 824.82 and a two-hundred day moving average of GBX 810.38. 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 £1.74 billion, a price-to-earnings ratio of 11.24, a PEG ratio of -10.32 and a beta of 1.03. 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 issued 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, research analysts expect that Dunelm Group will post 77.10 earnings per share for the current year.

Insider Activity at Dunelm Group

In related news, insider Ajay Kavan bought 3,302 shares of the stock in a transaction on Monday, September 14th. The shares were bought at an average cost of GBX 753 per share, for a total transaction of £24,864.06. Also, insider Clodagh Moriarty sold 47,817 shares of the company’s stock in a transaction dated Monday, September 28th. The stock was sold at an average price of GBX 800, for a total transaction of £382,536. In the last ninety days, insiders bought 18,302 shares of company stock worth $13,633,906. 34.22% of the stock is currently owned by insiders.

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.