Dunelm Group (LON:DNLM) Stock Price Passes Above 200 Day Moving Average – Here’s Why

Dunelm Group plc (LON:DNLM) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 861.52 and traded as high as GBX 867.50. Dunelm Group shares last traded at GBX 859.26, with a volume of 348,512 shares trading hands.

Analyst Ratings Changes

DNLM has been the subject of a number of research reports. Canaccord Genuity Group decreased their price objective on Dunelm Group from GBX 1,280 to GBX 1,240 and set a “buy” rating for the company in a report on Friday, April 17th. Shore Capital Group reaffirmed a “buy” rating and issued a GBX 1,000 target price on shares of Dunelm Group in a research report on Thursday, July 16th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 1,075 price target on shares of Dunelm Group in a research note on Thursday, April 16th. Finally, Berenberg Bank lowered their price target on shares of Dunelm Group from GBX 1,425 to GBX 1,350 and set a “buy” rating for the company 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 given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 1,177.22.

Dunelm Group Stock Up 0.2%

The company has a quick ratio of 0.16, a current ratio of 0.83 and a debt-to-equity ratio of 175.79. The company has a fifty day simple moving average of GBX 798.62 and a 200 day simple moving average of GBX 861.52. The firm has a market capitalization of £1.73 billion, a P/E ratio of 11.69, a P/E/G ratio of -10.32 and a beta of 0.96.

Insider Transactions at Dunelm Group

In other news, insider Ajay Kavan purchased 3,947 shares of Dunelm Group stock in a transaction that occurred on Monday, May 11th. The stock was bought at an average price of GBX 756 per share, with a total value of £29,839.32. Also, insider Alison Brittain acquired 12,500 shares of the stock in a transaction that occurred on Thursday, May 7th. The stock was acquired at an average cost of GBX 764 per share, for a total transaction of £95,500. 34.19% of the stock is currently owned by company 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.