Dunelm Group (LON:DNLM) Reaches New 1-Year Low – Should You Sell?

Shares of Dunelm Group plc (LON:DNLM) reached a new 52-week low on Tuesday . The company traded as low as GBX 724 and last traded at GBX 724, with a volume of 281661 shares trading hands. The stock had previously closed at GBX 742.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on DNLM. Shore Capital Group restated a “buy” rating on shares of Dunelm Group in a research note on Thursday, April 16th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 1,075 target price on shares of Dunelm Group in a research note on Thursday, April 16th. Deutsche Bank Aktiengesellschaft reduced their target price on Dunelm Group from GBX 1,360 to GBX 1,200 and set a “buy” rating for the company in a research note on Friday, January 16th. Canaccord Genuity Group reduced their target price on Dunelm Group from GBX 1,280 to GBX 1,240 and set a “buy” rating for the company in a research note on Friday, April 17th. Finally, Panmure Gordon reduced their target price on Dunelm Group from GBX 995 to GBX 830 and set a “sell” rating for the company in a research note on Monday, January 19th. Seven research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Dunelm Group currently has a consensus rating of “Moderate Buy” and an average price target of GBX 1,199.44.

Dunelm Group Price Performance

The company has a current ratio of 0.83, a quick ratio of 0.16 and a debt-to-equity ratio of 175.79. The company has a 50 day moving average price of GBX 831.63 and a 200 day moving average price of GBX 983.42. The company has a market capitalization of £1.46 billion, a P/E ratio of 9.85, a P/E/G ratio of -10.32 and a beta of 0.96.

Dunelm Group (LON:DNLM) last released its quarterly earnings results on Tuesday, February 10th. The company reported GBX 42 earnings per share for the quarter. Dunelm Group had a return on equity of 105.88% and a net margin of 8.29%. On average, equities analysts predict that Dunelm Group plc will post 77.0957096 EPS for the current fiscal year.

Insider Activity at Dunelm Group

In related news, insider Ajay Kavan acquired 3,947 shares of the company’s stock in a transaction on Monday, May 11th. The stock was purchased at an average cost of GBX 756 per share, with a total value of £29,839.32. Also, insider Luisa Wright purchased 2,442 shares of the stock in a transaction dated Friday, February 13th. The shares were acquired at an average cost of GBX 963 per share, with a total value of £23,516.46. Insiders bought 18,889 shares of company stock worth $14,885,578 in the last ninety days. 34.13% of the stock is 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.

The business was founded in 1979 by the Adderley family, beginning as a curtains stall on Leicester market before expanding its store footprint.