Dunelm Group plc (LON:DNLM) Stock Rated "Moderate Buy" by Wall Street Analysts

Key Points

• Dunelm Group has a “Moderate Buy” consensus rating from eight analysts: seven buys and one sell. The average 12-month price target is GBX 1,074.38.
• Shares opened at GBX 859, compared with a 52-week range of GBX 707 to GBX 1,172, while the company’s market capitalization stood at approximately £1.73 billion.
• Dunelm reported quarterly earnings of GBX 77 per share, and analysts forecast full-year earnings of approximately GBX 77.10 per share. Insider ownership is significant at 34.22%, with recent buying and selling activity reported.

Dunelm Group plc (LON:DNLM - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the eight analysts that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation and seven have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is GBX 1,074.38.

DNLM has been the topic of several analyst reports. Canaccord Genuity Group reaffirmed a "buy" rating and issued a GBX 1,185 target price on shares of Dunelm Group in a research note on Friday, October 16th. JPMorgan Chase & Co. reduced their target price on shares of Dunelm Group from GBX 1,225 to GBX 1,050 and set an "overweight" rating on the stock in a research report on Wednesday, September 9th. Jefferies Financial Group reaffirmed a "buy" rating and set a GBX 1,030 price objective on shares of Dunelm Group in a research report on Thursday, October 15th. Berenberg Bank reiterated a "buy" rating and set a GBX 1,200 price objective on shares of Dunelm Group in a research note on Wednesday, September 9th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on Dunelm Group from GBX 1,050 to GBX 1,000 and set a "buy" rating for the company in a research note on Wednesday, September 9th.

Dunelm Group Price Performance

DNLM opened at GBX 859 on Friday. The stock's 50 day simple moving average is GBX 823.25 and its 200 day simple moving average is GBX 814.15. 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 1,172. The firm has a market cap of £1.73 billion, a price-to-earnings ratio of 11.18, a PEG ratio of -10.32 and a beta of 1.03.

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

Insider Activity at Dunelm Group

In other news, insider Ajay Kavan bought 3,302 shares of the firm's stock in a transaction on 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 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. Insiders bought a total of 18,302 shares of company stock worth $13,633,906 in the last ninety days. 34.22% of the stock is currently 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.

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