Dunelm Group’s (DNLM) Buy Rating Reaffirmed at Canaccord Genuity Group

Dunelm Group (LON:DNLM)‘s stock had its “buy” rating reissued by analysts at Canaccord Genuity Group in a research note issued on Friday, Digital Look reports. They presently have a GBX 1,185 price objective on the stock. Canaccord Genuity Group’s price target indicates a potential upside of 33.30% from the stock’s previous close.

A number of other equities analysts have also commented on DNLM. Shore Capital Group reaffirmed a “buy” rating and set a GBX 1,000 target price on shares of Dunelm Group in a research report on Friday, September 18th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 1,200 price target on shares of Dunelm Group in a research note on Wednesday, September 9th. Deutsche Bank Aktiengesellschaft lowered their price target on 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. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 1,030 price target on shares of Dunelm Group in a report on Thursday. Finally, JPMorgan Chase & Co. dropped their price objective on Dunelm Group from GBX 1,225 to GBX 1,050 and set an “overweight” rating on the stock in a research note on Wednesday, September 9th. Seven equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,074.38.

Dunelm Group Trading Up 0.1%

DNLM stock opened at GBX 889 on Friday. Dunelm Group has a 12 month low of GBX 707 and a 12 month high of GBX 1,174. The firm’s 50-day moving average is GBX 824.21 and its 200 day moving average is GBX 811.70. The company has a market capitalization of £1.79 billion, a PE ratio of 11.58, a P/E/G 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.

Dunelm Group (LON:DNLM) last announced 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, research analysts anticipate that Dunelm Group will post 77.10 EPS for the current year.

Insider Activity at Dunelm Group

In related news, insider Ian Bull bought 2,500 shares of the company’s stock in a transaction on Wednesday, September 9th. The shares were acquired at an average price of GBX 748 per share, with a total value of £18,700. Also, insider Ajay Kavan bought 3,302 shares of the company’s stock in a transaction on Monday, September 14th. The shares were bought at an average cost of GBX 753 per share, for a total transaction of £24,864.06. Insiders have bought 18,302 shares of company stock valued at $13,633,906 over the last 90 days. Insiders own 34.22% of the company’s stock.

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.