Dunelm Group's (DNLM) "Buy" Rating Reiterated at Jefferies Financial Group

Key Points

• Jefferies reaffirmed its “Buy” rating on Dunelm Group and set a GBX 1,030 price target, implying approximately 19.35% upside from the current price.
• Analyst sentiment remains broadly positive: eight analysts rate the stock a Buy and one rates it a Sell, producing a consensus “Moderate Buy” rating and average target of GBX 1,106.11.
• Dunelm shares opened at GBX 863, above their 50-day and 200-day moving averages. Recent insider purchases included 12,500 shares bought by two insiders, while insiders collectively own 34.22% of the company.

Dunelm Group (LON:DNLM - Get Free Report)'s stock had its "buy" rating restated by Jefferies Financial Group in a report issued on Thursday, Digital Look reports. They currently have a GBX 1,030 price objective on the stock. Jefferies Financial Group's price target points to a potential upside of 19.35% from the stock's current price.

A number of other brokerages have also issued reports on DNLM. Shore Capital Group reissued a "buy" rating and issued a GBX 1,000 target price on shares of Dunelm Group in a research report on Friday, September 18th. Deutsche Bank Aktiengesellschaft lowered their price target on Dunelm Group from GBX 1,050 to GBX 1,000 and set a "buy" rating for the company in a research report on Wednesday, September 9th. Berenberg Bank reaffirmed a "buy" rating and issued a GBX 1,200 price objective on shares of Dunelm Group in a research note on Wednesday, September 9th. JPMorgan Chase & Co. dropped 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. Finally, Canaccord Genuity Group cut their price objective 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. Eight analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of GBX 1,106.11.

Dunelm Group Stock Performance

LON DNLM opened at GBX 863 on Thursday. The stock has a fifty day simple moving average of GBX 824.82 and a 200-day simple moving average of GBX 810.38. The company has a current ratio of 1.02, a quick ratio of 0.16 and a debt-to-equity ratio of 258.52. The stock has a market cap of £1.74 billion, a PE ratio of 11.24, a P/E/G ratio of -10.32 and a beta of 1.03. Dunelm Group has a twelve month low of GBX 707 and a twelve month high of GBX 1,174.

Dunelm Group (LON:DNLM - Get Free Report) last issued its quarterly earnings data on Tuesday, September 8th. The company reported GBX 77 EPS for the quarter. Dunelm Group had a net margin of 8.52% and a return on equity of 99.65%. Equities analysts anticipate that Dunelm Group will post 77.10 earnings per share for the current year.

Insider Activity at Dunelm Group

In other news, insider Alison Brittain bought 10,000 shares of the stock in a transaction that occurred on Wednesday, September 9th. The stock was purchased at an average price of GBX 732 per share, for a total transaction of £73,200. Also, insider Katharine Poulter acquired 2,500 shares of the stock in a transaction dated Thursday, September 24th. The shares were acquired at an average cost of GBX 783 per share, with a total value of £19,575. Insiders have acquired a total of 18,302 shares of company stock worth $13,633,906 over the last ninety days. 34.22% of the stock is currently owned by 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.

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