Dunelm Group (LON:DNLM) Stock Passes Above 200-Day Moving Average – Time to Sell?

Dunelm Group plc (LON:DNLM) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 841.87 and traded as high as GBX 879. Dunelm Group shares last traded at GBX 869.50, with a volume of 301,338 shares.

Analyst Ratings Changes

Separately, Shore Capital Group reiterated a “buy” rating and set a GBX 1,000 price target on shares of Dunelm Group in a report on Thursday, July 16th. Seven equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of GBX 1,177.22.

Dunelm Group Trading Down 1.4%

The company has a 50 day moving average of GBX 840 and a 200-day moving average of GBX 841.51. The stock has a market cap of £1.76 billion, a price-to-earnings ratio of 11.89, a price-to-earnings-growth ratio of -10.32 and a beta of 0.97. The company has a debt-to-equity ratio of 175.79, a quick ratio of 0.16 and a current ratio of 0.83.

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.