Dunelm Group (LON:DNLM) Sets New 12-Month Low on Analyst Downgrade

Dunelm Group plc (LON:DNLM) shares hit a new 52-week low during trading on Wednesday after Peel Hunt lowered their price target on the stock from GBX 1,400 to GBX 1,000. Peel Hunt currently has a buy rating on the stock. Dunelm Group traded as low as GBX 696 ($9.16) and last traded at GBX 744 ($9.79), with a volume of 118791 shares trading hands. The stock had previously closed at GBX 707 ($9.30).

A number of other equities analysts also recently issued reports on DNLM. Peel Hunt restated a “buy” rating and issued a GBX 1,250 ($16.44) price target on shares of Dunelm Group in a research note on Wednesday, February 12th. Royal Bank of Canada restated a “sector perform” rating and issued a GBX 1,250 ($16.44) price target on shares of Dunelm Group in a research note on Friday, March 6th. HSBC raised their price target on Dunelm Group from GBX 800 ($10.52) to GBX 920 ($12.10) and gave the stock a “hold” rating in a research note on Friday, December 6th. Finally, UBS Group restated a “neutral” rating and issued a GBX 1,110 ($14.60) price target (up from GBX 1,070 ($14.08)) on shares of Dunelm Group in a research note on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. Dunelm Group presently has a consensus rating of “Hold” and an average price target of GBX 1,052.50 ($13.85).

In other news, insider William Reeve purchased 1,000 shares of the company’s stock in a transaction dated Monday, March 16th. The shares were purchased at an average cost of GBX 780 ($10.26) per share, for a total transaction of £7,800 ($10,260.46).

The company has a market capitalization of $1.52 billion and a PE ratio of 13.49. The company has a debt-to-equity ratio of 262.44, a current ratio of 0.82 and a quick ratio of 0.06. The company has a 50-day moving average of GBX 1,074.55 and a two-hundred day moving average of GBX 984.85.

The business also recently announced a dividend, which will be paid on Tuesday, April 14th. Investors of record on Thursday, March 19th will be given a dividend of GBX 8 ($0.11) per share. The ex-dividend date of this dividend is Thursday, March 19th. This represents a yield of 0.61%. Dunelm Group’s dividend payout ratio (DPR) is presently 0.29%.

Dunelm Group Company Profile (LON:DNLM)

Dunelm Group plc engages in the retail of homewares in the United Kingdom. The company offers furniture for bedroom, living room, dining room, and office; sofas and chairs; bed frames, mattresses, beds, and headboards, as well as kids beds; and bedding products, such as bed linens, duvets, pillows, protectors, and baby and kids beddings.

Recommended Story: Understanding each part of a balance sheet

Receive News & Ratings for Dunelm Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dunelm Group and related companies with MarketBeat.com's FREE daily email newsletter.