Dunelm Group (LON:DNLM) Stock Keeps Buy Rating at Canaccord Genuity Group

Key Points

• Canaccord Genuity reaffirmed its “Buy” rating on Dunelm Group and set a GBX 1,185 price target, implying 34.66% potential upside from the reported GBX 880 share price.
• Analyst sentiment remains broadly positive: eight analysts rate the stock Buy and one rates it Sell, producing a consensus “Moderate Buy” rating and an average target price of GBX 1,106.11.
• Dunelm reported quarterly EPS of GBX 77, while recent insider activity included purchases totaling 18,302 shares over three months, alongside a sale of 47,817 shares by insider Clodagh Moriarty.

Dunelm Group (LON:DNLM - Get Free Report)'s stock had its "buy" rating reaffirmed by Canaccord Genuity Group in a report released on Friday, Digital Look reports. They presently have a GBX 1,185 target price on the stock. Canaccord Genuity Group's price target indicates a potential upside of 34.66% from the stock's current price.

A number of other equities research analysts also recently commented on DNLM. Shore Capital Group reiterated a "buy" rating and issued a GBX 1,000 price objective on shares of Dunelm Group in a report on Friday, September 18th. Berenberg Bank reissued a "buy" rating and issued a GBX 1,200 target price on shares of Dunelm Group in a research note on Wednesday, September 9th. Jefferies Financial Group restated a "buy" rating and set a GBX 1,030 target price on shares of Dunelm Group in a report on Thursday. Deutsche Bank Aktiengesellschaft reduced their target price on 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. Finally, JPMorgan Chase & Co. decreased their target price 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 equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Dunelm Group presently has an average rating of "Moderate Buy" and a consensus target price of GBX 1,106.11.

Dunelm Group Stock Performance

Shares of Dunelm Group stock opened at GBX 880 on Friday. The firm has a fifty day moving average of GBX 824.35 and a two-hundred day moving average of GBX 810.94. The stock has a market capitalization of £1.77 billion, a price-to-earnings ratio of 11.46, a PEG ratio of -10.32 and a beta of 1.03. Dunelm Group has a 52 week low of GBX 707 and a 52 week high of GBX 1,174. The company has a debt-to-equity ratio of 258.52, a quick ratio of 0.16 and a current ratio of 1.02.

Dunelm Group (LON:DNLM - Get Free Report) last posted its quarterly 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, equities research analysts predict that Dunelm Group will post 77.10 EPS for the current year.

Insider Buying and Selling at Dunelm Group

In other Dunelm Group news, insider Clodagh Moriarty sold 47,817 shares of Dunelm Group stock in a transaction dated Monday, September 28th. The stock was sold at an average price of GBX 800, for a total transaction of £382,536. Also, insider Ian Bull bought 2,500 shares of the firm's stock in a transaction on Wednesday, September 9th. The stock was acquired at an average cost of GBX 748 per share, with a total value of £18,700. Insiders have acquired a total of 18,302 shares of company stock worth $13,633,906 in the last three months. 34.22% of the stock is owned by insiders.

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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