Dunelm Group’s (DNLM) Buy Rating Reiterated at Shore Capital Group

Shore Capital Group reissued their buy rating on shares of Dunelm Group (LON:DNLM) in a research note issued to investors on Thursday morning, MarketBeat.com reports. Shore Capital Group currently has a GBX 1,000 price objective on the stock.

DNLM has been the topic of several other reports. Canaccord Genuity Group cut their price objective on shares of Dunelm Group from GBX 1,280 to GBX 1,240 and set a “buy” rating on the stock in a report on Friday, April 17th. Jefferies Financial Group restated a “buy” rating and set a GBX 1,075 target price on shares of Dunelm Group in a report on Thursday, April 16th. Finally, Berenberg Bank dropped their target price on Dunelm Group from GBX 1,425 to GBX 1,350 and set a “buy” rating on the stock in a research report on Friday, April 17th. Seven research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of GBX 1,177.22.

Dunelm Group Trading Up 1.8%

LON:DNLM opened at GBX 876 on Thursday. Dunelm Group has a one year low of GBX 707 and a one year high of GBX 1,249. The company has a debt-to-equity ratio of 175.79, a quick ratio of 0.16 and a current ratio of 0.83. The firm has a market cap of £1.77 billion, a P/E ratio of 11.92, a P/E/G ratio of -10.32 and a beta of 0.96. The firm has a 50-day simple moving average of GBX 784.60 and a 200-day simple moving average of GBX 870.71.

Insider Activity

In other news, insider Ajay Kavan purchased 3,947 shares of the firm’s stock in a transaction on Monday, May 11th. The stock was acquired at an average cost of GBX 756 per share, with a total value of £29,839.32. Also, insider Alison Brittain purchased 12,500 shares of the stock in a transaction dated Thursday, May 7th. The stock was purchased at an average price of GBX 764 per share, for a total transaction of £95,500. Corporate insiders own 34.19% 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.

The business was founded in 1979 by the Adderley family, beginning as a curtains stall on Leicester market before expanding its store footprint.