Dunelm Group (LON:DNLM) Trading Down 9.6% – What’s Next?

Dunelm Group plc (LON:DNLM) shares traded down 9.6% on Tuesday . The stock traded as low as GBX 1,117 ($15.13) and last traded at GBX 1,122 ($15.20). 3,890,345 shares traded hands during mid-day trading, an increase of 480% from the average session volume of 670,323 shares. The stock had previously closed at GBX 1,241 ($16.81).

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on DNLM shares. Berenberg Bank boosted their price objective on shares of Dunelm Group from GBX 1,430 to GBX 1,480 and gave the company a “buy” rating in a research note on Thursday, July 17th. Shore Capital reissued a “no recommendation” rating on shares of Dunelm Group in a research report on Tuesday. Canaccord Genuity Group increased their price objective on shares of Dunelm Group from GBX 1,270 to GBX 1,320 and gave the company a “buy” rating in a research report on Thursday, July 24th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Dunelm Group from GBX 1,320 to GBX 1,360 and gave the company a “buy” rating in a research note on Tuesday, August 26th. Finally, JPMorgan Chase & Co. upped their target price on shares of Dunelm Group from GBX 1,170 to GBX 1,225 and gave the company a “neutral” rating in a research note on Friday, July 18th. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of GBX 1,349.17.

Dunelm Group Stock Down 9.6%

The company’s 50 day moving average price is GBX 1,191.03 and its two-hundred day moving average price is GBX 1,104.03. The company has a current ratio of 1.04, a quick ratio of 0.16 and a debt-to-equity ratio of 236.84. The stock has a market cap of £2.26 billion, a P/E ratio of 1,500.00, a PEG ratio of -10.32 and a beta of 1.18.

Dunelm Group (LON:DNLM) last issued its quarterly earnings data on Tuesday, September 9th. The company reported GBX 77.20 earnings per share for the quarter. Dunelm Group had a net margin of 8.86% and a return on equity of 96.64%. Equities analysts forecast that Dunelm Group plc will post 77.0957096 earnings per share for the current year.

Insider Transactions at Dunelm Group

In other Dunelm Group news, insider Karen Witts sold 24,277 shares of the stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of GBX 1,178, for a total transaction of £285,983.06. 39.14% of the stock is currently owned by company 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.