Dunelm Group (LON:DNLM) Receives "Buy" Rating from Shore Capital Group

Key Points

• Shore Capital reaffirmed a “Buy” rating on Dunelm Group with a GBX 1,000 price target, implying 31.15% upside from the prior close.
• Analyst sentiment remains positive overall: eight analysts rate the stock Buy and one rates it Sell, producing a “Moderate Buy” consensus and an average target of GBX 1,111.11.
• Insiders have been buying shares, including purchases by Ajay Kavan and Ian Bull; insiders acquired 15,802 shares over the past 90 days and own 34.19% of the company.

Dunelm Group (LON:DNLM - Get Free Report)'s stock had its "buy" rating restated by stock analysts at Shore Capital Group in a note issued to investors on Friday, London Stock Exchange reports. They presently have a GBX 1,000 price objective on the stock. Shore Capital Group's price target suggests a potential upside of 31.15% from the stock's previous close.

A number of other brokerages have also recently commented on DNLM. Deutsche Bank Aktiengesellschaft cut their target price on shares of Dunelm Group from GBX 1,050 to GBX 1,000 and set a "buy" rating on the stock in a report on Wednesday, September 9th. Berenberg Bank restated a "buy" rating and issued a GBX 1,200 price objective on shares of Dunelm Group in a research note on Wednesday, September 9th. Canaccord Genuity Group lowered their price target 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, 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 note on Wednesday, September 9th. Eight equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, Dunelm Group has an average rating of "Moderate Buy" and an average price target of GBX 1,111.11.

Dunelm Group Price Performance

Shares of DNLM opened at GBX 762.50 on Friday. The company has a debt-to-equity ratio of 258.52, a current ratio of 1.02 and a quick ratio of 0.16. Dunelm Group has a 1-year low of GBX 707 and a 1-year high of GBX 1,174. The stock has a market cap of £1.54 billion, a PE ratio of 10.37, a price-to-earnings-growth ratio of -10.32 and a beta of 0.97. The firm has a fifty day moving average price of GBX 852.69 and a 200 day moving average price of GBX 822.02.

Dunelm Group (LON:DNLM - Get Free Report) last posted its earnings results on Tuesday, September 8th. The company reported GBX 77 earnings per share for the quarter. Dunelm Group had a return on equity of 99.65% and a net margin of 8.52%. As a group, sell-side analysts anticipate that Dunelm Group will post 77.0957096 EPS for the current year.

Insiders Place Their Bets

In other Dunelm Group news, insider Ajay Kavan bought 3,302 shares of the business's stock in a transaction dated 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 Ian Bull purchased 2,500 shares of Dunelm Group stock in a transaction dated Wednesday, September 9th. The stock was acquired at an average cost of GBX 748 per share, with a total value of £18,700. In the last 90 days, insiders have acquired 15,802 shares of company stock worth $11,676,406. Company 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.

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