Dunelm Group’s (DNLM) “Buy” Rating Reiterated at Berenberg Bank

Posted by Patrick Bannon on Apr 21st, 2024

Berenberg Bank restated their buy rating on shares of Dunelm Group (LON:DNLM – Free Report) in a research note published on Thursday, Marketbeat.com reports. The brokerage currently has a GBX 1,410 ($17.55) price objective on the stock.

Separately, Jefferies Financial Group reissued a hold rating and issued a GBX 1,200 ($14.94) price target on shares of Dunelm Group in a report on Thursday. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of Hold and an average target price of GBX 1,207.50 ($15.03).

Check Out Our Latest Research Report on DNLM

Dunelm Group Price Performance

Shares of Dunelm Group stock opened at GBX 974 ($12.12) on Thursday. The company has a debt-to-equity ratio of 169.49, a current ratio of 1.06 and a quick ratio of 0.16. Dunelm Group has a fifty-two week low of GBX 963.50 ($11.99) and a fifty-two week high of GBX 1,335.54 ($16.63). The firm has a fifty day moving average price of GBX 1,106.15 and a two-hundred day moving average price of GBX 1,077.69. The company has a market cap of £1.97 billion, a PE ratio of 1,334.25, a price-to-earnings-growth ratio of -10.32 and a beta of 1.09.

Dunelm Group Increases Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, April 9th. Stockholders of record on Thursday, March 14th were issued a dividend of GBX 51 ($0.63) per share. This represents a dividend yield of 4.7%. This is an increase from Dunelm Group’s previous dividend of $27.00. The ex-dividend date of this dividend was Thursday, March 14th. Dunelm Group’s dividend payout ratio (DPR) is presently 5,890.41%.

Dunelm Group Company Profile

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Dunelm Group plc retails homewares in the United Kingdom. The company offers furniture and beds products, which include bedroom, living room, dining room, and other furniture, as well as bed and mattresses, and sofas and armchairs; bedding products comprising bed linen, dorma, baby and kid's bedding, and duvets, pillows, and protectors; curtains and rugs; and venetian, roller, roman, vertical, and made to measure blinds.