Dunelm Group (LON:DNLM) Earns Buy Rating from Jefferies Financial Group

Dunelm Group (LON:DNLM)‘s stock had its “buy” rating reaffirmed by equities researchers at Jefferies Financial Group in a research note issued to investors on Thursday, Digital Look reports. They presently have a GBX 1,030 target price on the stock. Jefferies Financial Group’s price target suggests a potential upside of 16.78% from the stock’s previous close.

A number of other analysts also recently issued reports on the company. JPMorgan Chase & Co. lowered their price target on Dunelm Group from GBX 1,225 to GBX 1,050 and set an “overweight” rating for the company in a research report on Wednesday, September 9th. Shore Capital Group reiterated a “buy” rating and set a GBX 1,000 price objective on shares of Dunelm Group in a research report on Friday, September 18th. Berenberg Bank reissued a “buy” rating and issued a GBX 1,200 target price on shares of Dunelm Group in a research note on Wednesday, September 9th. Canaccord Genuity Group lowered their target price on shares of Dunelm Group from GBX 1,240 to GBX 1,185 and set a “buy” rating for the company in a report on Thursday, September 10th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of Dunelm Group from GBX 1,050 to GBX 1,000 and set a “buy” rating for the company in a report on Wednesday, September 9th. Eight investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of GBX 1,106.11.

Dunelm Group Price Performance

LON:DNLM opened at GBX 882 on Thursday. The firm has a market capitalization of £1.78 billion, a price-to-earnings ratio of 11.48, a PEG ratio of -10.32 and a beta of 1.03. The company has a debt-to-equity ratio of 258.52, a current ratio of 1.02 and a quick ratio of 0.16. The business has a 50 day simple moving average of GBX 824.35 and a 200-day simple moving average of GBX 810.94. Dunelm Group has a 1 year low of GBX 707 and a 1 year high of GBX 1,174.

Dunelm Group (LON:DNLM) last announced its earnings results on Tuesday, September 8th. The company reported GBX 77 EPS for the quarter. Dunelm Group had a return on equity of 99.65% and a net margin of 8.52%. Equities analysts forecast that Dunelm Group will post 77.10 EPS for the current year.

Insider Activity at Dunelm Group

In other Dunelm Group news, insider Clodagh Moriarty sold 47,817 shares of the stock in a transaction on Monday, September 28th. The stock was sold at an average price of GBX 800, for a total value of £382,536. Also, insider Ajay Kavan bought 3,302 shares of the firm’s stock in a transaction dated Monday, September 14th. The shares were acquired at an average price of GBX 753 per share, with a total value of £24,864.06. Insiders have bought 18,302 shares of company stock worth $13,633,906 over the last quarter. 34.22% of the stock is owned by 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.