Dunelm Group (LON:DNLM) Trading Down 17.8% – Time to Sell?

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

Wall Street Analysts Forecast Growth

DNLM has been the subject of several research analyst reports. Shore Capital initiated 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. Jefferies Financial Group increased their target price 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. lifted their price target on Dunelm Group from GBX 1,140 to GBX 1,240 and gave the company a “neutral” rating in a research note on Tuesday, October 28th. UBS Group reaffirmed a “buy” rating and set a GBX 1,360 price objective on shares of Dunelm Group in a research report on Friday, October 17th. Finally, Royal Bank Of Canada raised Dunelm Group to an “outperform” rating and lifted their target price for the company from GBX 1,200 to GBX 1,300 in a research report on Monday, November 3rd. Six research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 1,397.13.

Dunelm Group Price Performance

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 company has a fifty day moving average price of GBX 1,117.28 and a two-hundred day moving average price of GBX 1,142.28. The company has a market cap of £1.94 billion, a P/E ratio of 12.51, a PEG ratio of -10.32 and a beta of 1.18.

Insider Buying and Selling

In related news, insider Karen Witts purchased 10,790 shares of the stock in a transaction on Monday, December 1st. The shares were purchased at an average price of GBX 1,104 per share, with a total value of £119,121.60. Also, insider Daniel Taylor acquired 4,000 shares of the company’s stock in a transaction dated Monday, November 3rd. The shares were bought at an average price of GBX 1,163 per share, for a total transaction of £46,520. In the last ninety days, insiders have bought 17,790 shares of company stock valued at $20,056,160 and have sold 61,854 shares valued at $70,913,541. 34.16% of the stock is currently 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.