Shore Capital Begins Coverage on Dunelm Group (LON:DNLM)

Equities researchers at Shore Capital started coverage on shares of Dunelm Group (LON:DNLM) in a research note issued on Tuesday,London Stock Exchange reports. The firm set a “buy” rating and a GBX 1,300 price target on the stock. Shore Capital’s target price would suggest a potential upside of 13.74% from the company’s previous close.

A number of other equities research analysts have also commented on the company. JPMorgan Chase & Co. raised their price target on Dunelm Group from GBX 1,140 to GBX 1,240 and gave the stock a “neutral” rating in a research report on Tuesday, October 28th. Royal Bank Of Canada raised Dunelm Group to an “outperform” rating and boosted their target price for the stock from GBX 1,200 to GBX 1,300 in a report on Monday, November 3rd. Berenberg Bank restated a “buy” rating and set a GBX 1,480 price objective on shares of Dunelm Group in a report on Tuesday, September 9th. UBS Group restated a “buy” rating and set a GBX 1,360 target price on shares of Dunelm Group in a research note on Friday, October 17th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Dunelm Group from GBX 1,320 to GBX 1,360 and gave the stock a “buy” rating in a report on Tuesday, August 26th. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Dunelm Group has a consensus rating of “Moderate Buy” and an average price target of GBX 1,397.13.

Dunelm Group Trading Up 0.9%

DNLM traded up GBX 10 during midday trading on Tuesday, reaching GBX 1,143. 274,553 shares of the company were exchanged, compared to its average volume of 621,278. The company has a debt-to-equity ratio of 236.84, a quick ratio of 0.16 and a current ratio of 1.04. The stock has a market capitalization of £2.30 billion, a P/E ratio of 14.88, a PEG ratio of -10.32 and a beta of 1.18. The stock’s 50-day simple moving average is GBX 1,122.22 and its 200 day simple moving average is GBX 1,157.40. Dunelm Group has a one year low of GBX 836.61 and a one year high of GBX 1,249.

Dunelm Group (LON:DNLM) last released its quarterly earnings data on Tuesday, September 9th. The company reported GBX 77.20 earnings per share for the quarter. Dunelm Group had a net margin of 8.86% and a return on equity of 96.64%. As a group, analysts forecast that Dunelm Group will post 77.0957096 earnings per share for the current fiscal year.

Insider Activity

In other Dunelm Group news, insider Daniel Taylor bought 4,000 shares of the stock in a transaction that occurred on Monday, November 3rd. The shares were bought at an average price of GBX 1,163 per share, for a total transaction of £46,520. Also, insider Clodagh Moriarty sold 51,119 shares of Dunelm Group stock in a transaction dated Monday, October 27th. The shares were sold at an average price of GBX 1,148, for a total value of £586,846.12. Corporate insiders own 39.14% of the company’s stock.

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.