Canaccord Genuity Group Reaffirms Buy Rating for Dunelm Group (LON:DNLM)

Dunelm Group (LON:DNLM)‘s stock had its “buy” rating reaffirmed by equities research analysts at Canaccord Genuity Group in a research report issued to clients and investors on Friday, Digital Look reports. They currently have a GBX 1,185 price objective on the stock. Canaccord Genuity Group’s target price suggests a potential upside of 33.45% from the company’s previous close.

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

Dunelm Group Price Performance

Shares of DNLM stock opened at GBX 888 on Friday. The company has a quick ratio of 0.16, a current ratio of 1.02 and a debt-to-equity ratio of 258.52. Dunelm Group has a twelve month low of GBX 707 and a twelve month high of GBX 1,174. The company has a market cap of £1.79 billion, a P/E ratio of 11.56, a P/E/G ratio of -10.32 and a beta of 1.03. The business has a fifty day simple moving average of GBX 824.21 and a 200 day simple moving average of GBX 811.70.

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 return on equity of 99.65% and a net margin of 8.52%. On average, sell-side analysts forecast that Dunelm Group will post 77.10 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Alison Brittain acquired 10,000 shares of Dunelm Group stock in a transaction that occurred on Wednesday, September 9th. The shares were acquired at an average price of GBX 732 per share, for a total transaction of £73,200. Also, insider Clodagh Moriarty sold 47,817 shares of the business’s 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. Insiders purchased 18,302 shares of company stock worth $13,633,906 in the last ninety days. 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.