Dunelm Group (LON:DNLM) Given “Buy” Rating at Shore Capital Group

Dunelm Group (LON:DNLM)‘s stock had its “buy” rating restated by equities researchers at Shore Capital Group in a research note issued to investors on Friday, September 18th, Marketbeat reports. They presently have a GBX 1,000 target price on the stock. Shore Capital Group’s price target indicates a potential upside of 27.88% from the company’s previous close.

Other equities analysts also recently issued research reports about the stock. Canaccord Genuity Group decreased their target price on shares of Dunelm Group from GBX 1,240 to GBX 1,185 and set a “buy” rating for the company in a research note on Thursday, September 10th. Berenberg Bank reissued a “buy” rating and issued a GBX 1,200 price target on shares of Dunelm Group in a research report on Wednesday, September 9th. Deutsche Bank Aktiengesellschaft cut their price target on Dunelm Group from GBX 1,050 to GBX 1,000 and set a “buy” rating on the stock in a research note on Wednesday, September 9th. 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 report on Wednesday, September 9th. Eight investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of GBX 1,111.11.

Dunelm Group Stock Up 0.9%

Shares of DNLM stock traded up GBX 7 during mid-day trading on Friday, reaching GBX 782. 302,778 shares of the company’s stock traded hands, compared to its average volume of 2,041,638. The company’s 50-day moving average price is GBX 848.65 and its 200-day moving average price is GBX 815.76. The company has a market cap of £1.58 billion, a P/E ratio of 10.64, a P/E/G ratio of -10.32 and a beta of 0.97. The company has a quick ratio of 0.16, a current ratio of 1.02 and a debt-to-equity ratio of 258.52. Dunelm Group has a 12 month low of GBX 707 and a 12 month high of GBX 1,174.

Dunelm Group (LON:DNLM) last issued its quarterly earnings results on Tuesday, September 8th. The company reported GBX 77 earnings per share (EPS) for the quarter. Dunelm Group had a net margin of 8.52% and a return on equity of 99.65%. On average, equities analysts expect that Dunelm Group will post 77.0957096 earnings per share for the current fiscal year.

Insider Transactions at Dunelm Group

In other Dunelm Group news, insider Ajay Kavan bought 3,302 shares of Dunelm Group stock in a transaction on Monday, September 14th. The stock was acquired at an average cost of GBX 753 per share, with a total value of £24,864.06. Also, insider Alison Brittain purchased 10,000 shares of the company’s stock in a transaction dated Wednesday, September 9th. The shares were acquired at an average price of GBX 732 per share, for a total transaction of £73,200. In the last quarter, insiders have bought 18,302 shares of company stock valued at $13,633,906. Corporate insiders own 34.19% of the company’s stock.

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.