Canaccord Genuity Group Lowers Dunelm Group (LON:DNLM) Price Target to GBX 1,185

Dunelm Group (LON:DNLM) had its price objective reduced by equities researchers at Canaccord Genuity Group from GBX 1,240 to GBX 1,185 in a report released on Thursday, Digital Look reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s price target would suggest a potential upside of 52.02% from the stock’s previous close.

DNLM has been the topic of a number of other research reports. JPMorgan Chase & Co. cut their target price on shares of Dunelm Group from GBX 1,225 to GBX 1,050 and set an “overweight” rating on the stock in a research report on Wednesday. Berenberg Bank reiterated a “buy” rating and set a GBX 1,200 price objective on shares of Dunelm Group in a research note on Wednesday. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Dunelm Group from GBX 1,050 to GBX 1,000 and set a “buy” rating on the stock in a research note on Wednesday. Finally, Shore Capital Group reissued a “buy” rating and issued a GBX 1,000 price objective on shares of Dunelm Group in a research note on Tuesday. Eight investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Dunelm Group currently has a consensus rating of “Moderate Buy” and an average target price of GBX 1,111.11.

Dunelm Group Stock Performance

Shares of Dunelm Group stock opened at GBX 779.50 on Thursday. The company has a current ratio of 1.02, a quick ratio of 0.16 and a debt-to-equity ratio of 258.52. The stock’s fifty day moving average price is GBX 856.96 and its 200-day moving average price is GBX 831.82. The firm has a market cap of £1.57 billion, a P/E ratio of 10.61, a P/E/G ratio of -10.32 and a beta of 0.97. Dunelm Group has a 12 month low of GBX 707 and a 12 month high of GBX 1,174.

Dunelm Group (LON:DNLM) last released its quarterly earnings data on Tuesday, September 8th. The company reported GBX 77 earnings per share for the quarter. Dunelm Group had a net margin of 8.52% and a return on equity of 99.65%. On average, equities research analysts expect that Dunelm Group will post 77.0957096 earnings per share for the current fiscal year.

Insider Buying and Selling at Dunelm Group

In other Dunelm Group news, insider Alison Brittain acquired 10,000 shares of the stock in a transaction dated Wednesday, September 9th. The stock was purchased at an average price of GBX 732 per share, with a total value of £73,200. 34.19% of the stock is owned by insiders.

Trending Headlines about Dunelm Group

Here are the key news stories impacting Dunelm Group this week:

• Positive Sentiment: Non-executive director Ian Bull disclosed the purchase of 2,500 Dunelm shares, increasing his personal stake in the company. Dunelm Non-Executive Director Ian Bull Increases Personal Stake with Share Purchase
• Positive Sentiment: Insider Alison Brittain bought 10,000 shares at an average of GBX 732, investing £73,200. Director purchases can provide a confidence signal following the company’s recent share-price decline.
• Positive Sentiment: Shore Capital reaffirmed its “Buy” rating, while the broader analyst consensus remains “Moderate Buy.”
• Positive Sentiment: Berenberg also maintained a “Buy” rating with a GBX 1,200 price target, implying substantial potential upside from recent trading levels.
• Neutral Sentiment: Dunelm’s latest full-year results showed improved revenue and a higher dividend, although profit before tax was broadly flat. The mixed results offer support through shareholder returns but do not yet demonstrate strong earnings momentum. Dunelm Group Full-year Profit Before Tax Flat; Revenue Improves; Lifts Dividend
• Negative Sentiment: Dunelm’s new growth plan is expected to create near-term pressure on profitability, a concern that previously triggered a sharp sell-off. Dunelm Targets Faster Sales Growth
• Negative Sentiment: Deutsche Bank cut its price target from GBX 1,050 to GBX 1,000, and JPMorgan reduced its target from GBX 1,225 to GBX 1,050. Both retained positive ratings, but the reductions indicate more cautious expectations.

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.