Dunelm Group plc (LON:DNLM) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Dunelm Group plc (LON:DNLM) have received a consensus rating of “Moderate Buy” from the nine research firms that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation and eight have issued a buy recommendation on the company. The average 1-year price objective among brokers that have covered the stock in the last year is GBX 1,111.11.

DNLM has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft cut their target price on shares of Dunelm Group from GBX 1,050 to GBX 1,000 and set a “buy” rating for the company in a research note on Wednesday, September 9th. Canaccord Genuity Group decreased their price target on shares of Dunelm Group from GBX 1,240 to GBX 1,185 and set a “buy” rating on the stock in a research report on Thursday, September 10th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 1,200 price target on shares of Dunelm Group in a report on Wednesday, September 9th. Shore Capital Group reiterated a “buy” rating and set a GBX 1,000 price objective on shares of Dunelm Group in a research report on Friday, September 18th. Finally, JPMorgan Chase & Co. reduced their price objective on 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.

Insiders Place Their Bets

In related news, insider Katharine Poulter purchased 2,500 shares of the company’s stock in a transaction that occurred on Thursday, September 24th. The shares were purchased at an average price of GBX 783 per share, with a total value of £19,575. Also, insider Alison Brittain purchased 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 9th. The stock was bought at an average cost of GBX 732 per share, for a total transaction of £73,200. Insiders have acquired a total of 18,302 shares of company stock worth $13,633,906 over the last three months. Company insiders own 34.19% of the company’s stock.

Dunelm Group Price Performance

LON DNLM opened at GBX 780 on Wednesday. Dunelm Group has a 12 month low of GBX 707 and a 12 month high of GBX 1,174. The firm has a market capitalization of £1.57 billion, a PE ratio of 10.16, a P/E/G ratio of -10.32 and a beta of 0.97. The company’s 50 day simple moving average is GBX 839.58 and its 200 day simple moving average is GBX 811.67. 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 return on equity of 99.65% and a net margin of 8.52%. As a group, equities research analysts forecast that Dunelm Group 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.