Dunelm Group’s (DNLM) Buy Rating Reaffirmed at Shore Capital Group

Dunelm Group (LON:DNLM)‘s stock had its “buy” rating reiterated by research analysts at Shore Capital Group in a research note issued on Friday, London Stock Exchange reports. They currently have a GBX 1,000 target price on the stock. Shore Capital Group’s target price would indicate a potential upside of 31.15% from the company’s previous close.

DNLM has been the subject of several other reports. Deutsche Bank Aktiengesellschaft dropped 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 report on Wednesday, September 9th. JPMorgan Chase & Co. cut 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. Canaccord Genuity Group lowered their target price on Dunelm Group from GBX 1,240 to GBX 1,185 and set a “buy” rating on the stock in a report on Thursday, September 10th. Finally, Berenberg Bank reissued a “buy” rating and set a GBX 1,200 price target on shares of Dunelm Group in a research report on Wednesday, September 9th. Eight research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of GBX 1,111.11.

Dunelm Group Price Performance

DNLM opened at GBX 762.50 on Friday. The company has a debt-to-equity ratio of 258.52, a quick ratio of 0.16 and a current ratio of 1.02. The company has a market cap of £1.54 billion, a price-to-earnings ratio of 10.37, a PEG ratio of -10.32 and a beta of 0.97. Dunelm Group has a one year low of GBX 707 and a one year high of GBX 1,174. The business’s fifty day moving average is GBX 852.69 and its two-hundred day moving average is GBX 822.02.

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

Insider Activity

In other news, insider Ajay Kavan bought 3,302 shares of the stock in a transaction on Monday, September 14th. The stock was purchased at an average cost of GBX 753 per share, with a total value of £24,864.06. Also, insider Ian Bull purchased 2,500 shares of the business’s stock in a transaction on Wednesday, September 9th. The stock was acquired at an average price of GBX 748 per share, with a total value of £18,700. Insiders bought a total of 15,802 shares of company stock valued at $11,676,406 over the last 90 days. 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.