Dunelm Group’s (DNLM) “Buy” Rating Reaffirmed at Jefferies Financial Group

Dunelm Group (LON:DNLM)‘s stock had its “buy” rating restated by research analysts at Jefferies Financial Group in a research report issued to clients and investors on Thursday, Digital Look reports. They presently have a GBX 1,030 price target on the stock. Jefferies Financial Group’s target price would indicate a potential upside of 18.60% from the company’s current price.

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

Dunelm Group Trading Up 8.4%

LON:DNLM traded up GBX 67.50 during trading hours on Thursday, hitting GBX 868.50. The company had a trading volume of 1,843,202 shares, compared to its average volume of 1,935,339. The company has a market capitalization of £1.75 billion, a PE ratio of 11.31, a price-to-earnings-growth ratio of -10.32 and a beta of 1.03. The stock has a 50-day moving average price of GBX 824.82 and a 200 day moving average price of GBX 810.38. Dunelm Group has a 52 week low of GBX 707 and a 52 week high of GBX 1,174. The company has a debt-to-equity ratio of 258.52, a current ratio of 1.02 and a quick ratio of 0.16.

Dunelm Group (LON:DNLM) last posted its quarterly earnings data on Tuesday, September 8th. The company reported GBX 77 earnings per share for the quarter. Dunelm Group had a return on equity of 99.65% and a net margin of 8.52%. On average, equities research analysts predict that Dunelm Group will post 77.10 EPS for the current fiscal year.

Insider Buying and Selling at Dunelm Group

In other Dunelm Group news, insider Ajay Kavan acquired 3,302 shares of the company’s stock in a transaction that occurred on Monday, September 14th. The shares were bought at an average cost of GBX 753 per share, with a total value of £24,864.06. Also, insider Katharine Poulter bought 2,500 shares of the firm’s stock in a transaction on Thursday, September 24th. The stock was acquired at an average cost of GBX 783 per share, with a total value of £19,575. In the last quarter, insiders bought 18,302 shares of company stock worth $13,633,906. Insiders own 34.22% 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.