Dunelm Group (LON:DNLM) Stock Price Crosses Above 200 Day Moving Average – Here’s Why

Dunelm Group plc (LON:DNLM) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 848.28 and traded as high as GBX 896. Dunelm Group shares last traded at GBX 889, with a volume of 732,379 shares traded.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Jefferies Financial Group reissued a “buy” rating and issued a GBX 1,075 price target on shares of Dunelm Group in a research note on Thursday, April 16th. Shore Capital Group reaffirmed a “buy” rating and set a GBX 1,000 price objective on shares of Dunelm Group in a research report on Thursday, July 16th. Berenberg Bank reduced their target price on Dunelm Group from GBX 1,425 to GBX 1,350 and set a “buy” rating on the stock in a report on Friday, April 17th. Finally, Canaccord Genuity Group decreased their target price on Dunelm Group from GBX 1,280 to GBX 1,240 and set a “buy” rating for the company in a research report on Friday, April 17th. Seven investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Dunelm Group has an average rating of “Moderate Buy” and an average price target of GBX 1,177.22.

Dunelm Group Stock Up 1.0%

The company has a debt-to-equity ratio of 175.79, a quick ratio of 0.16 and a current ratio of 0.83. The stock’s 50-day moving average price is GBX 817.14 and its two-hundred day moving average price is GBX 845.99. The stock has a market capitalization of £1.80 billion, a PE ratio of 12.17, a P/E/G ratio of -10.32 and a beta of 0.96.

Insider Transactions at Dunelm Group

In other Dunelm Group news, insider Alison Brittain acquired 12,500 shares of the business’s stock in a transaction on Thursday, May 7th. The shares were acquired at an average price of GBX 764 per share, for a total transaction of £95,500. Also, insider Ajay Kavan bought 3,947 shares of the firm’s stock in a transaction on Monday, May 11th. The shares were acquired at an average cost of GBX 756 per share, with a total value of £29,839.32. 34.19% of the stock is currently owned by corporate insiders.

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.