Dunelm Group (LON:DNLM) Trading Down 14.3% – Here’s What Happened

Dunelm Group plc (LON:DNLM)’s stock price traded down 14.3% during mid-day trading on Tuesday . The company traded as low as GBX 760 and last traded at GBX 760. Approximately 29,913,732 shares traded hands during mid-day trading, an increase of 1,274% from the average daily volume of 2,176,781 shares. The stock had previously closed at GBX 886.50.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on DNLM shares. Berenberg Bank cut their price target on shares of Dunelm Group from GBX 1,332 to GBX 1,200 and set a “buy” rating on the stock in a report on Thursday, August 27th. Shore Capital Group restated a “buy” rating and set a GBX 1,000 price objective on shares of Dunelm Group in a report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft raised shares of Dunelm Group to a “buy” rating and lifted their price objective for the stock from GBX 850 to GBX 1,050 in a research report on Thursday, September 3rd. Seven analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of GBX 1,143.89.

Dunelm Group Stock Performance

The firm has a market capitalization of £1.53 billion, a PE ratio of 10.34, a P/E/G ratio of -10.32 and a beta of 0.97. The company has a debt-to-equity ratio of 175.79, a current ratio of 0.83 and a quick ratio of 0.16. The company’s fifty day simple moving average is GBX 858.72 and its 200 day simple moving average is GBX 835.01.

Dunelm Group (LON:DNLM) last posted its earnings results on Tuesday, September 8th. The company reported GBX 77 earnings per share for the quarter. Dunelm Group had a net margin of 8.29% and a return on equity of 105.88%. As a group, equities research analysts expect that Dunelm Group plc will post 77.0957096 EPS for the current fiscal year.

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.