Dunelm Group (LON:DNLM) Shares Down 17.8% – What’s Next?

Dunelm Group plc (LON:DNLM)’s stock price fell 17.8% during mid-day trading on Thursday . The stock traded as low as GBX 956 and last traded at GBX 961.80. 3,474,159 shares traded hands during mid-day trading, an increase of 220% from the average session volume of 1,084,503 shares. The stock had previously closed at GBX 1,170.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on DNLM shares. 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. Jefferies Financial Group upped their price target on Dunelm Group from GBX 1,755 to GBX 1,817 and gave the stock a “hold” rating in a report on Tuesday, October 28th. JPMorgan Chase & Co. raised their price objective on shares of Dunelm Group from GBX 1,140 to GBX 1,240 and gave the stock a “neutral” rating in a research note on Tuesday, October 28th. Royal Bank Of Canada upgraded shares of Dunelm Group to an “outperform” rating and upped their target price for the company from GBX 1,200 to GBX 1,300 in a research note on Monday, November 3rd. Finally, Shore Capital assumed coverage on shares of Dunelm Group in a report on Tuesday, November 11th. They issued a “buy” rating and a GBX 1,300 price target for the company. Six research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Dunelm Group presently has an average rating of “Moderate Buy” and a consensus price target of GBX 1,397.13.

Dunelm Group Stock Down 17.9%

The business has a 50 day moving average of GBX 1,117.28 and a 200 day moving average of GBX 1,142.28. The company has a debt-to-equity ratio of 236.84, a current ratio of 1.04 and a quick ratio of 0.16. The firm has a market capitalization of £1.94 billion, a price-to-earnings ratio of 12.51, a price-to-earnings-growth ratio of -10.32 and a beta of 1.18.

Insider Buying and Selling at Dunelm Group

In related news, insider Clodagh Moriarty sold 51,119 shares of the company’s 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. Also, insider Luisa Wright sold 2,257 shares of the firm’s stock in a transaction dated Monday, November 10th. The stock was sold at an average price of GBX 1,121, for a total transaction of £25,300.97. In the last 90 days, insiders have purchased 17,790 shares of company stock worth $20,056,160 and have sold 61,854 shares worth $70,913,541. 34.16% of the stock is currently owned by corporate 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.