Dunelm Group (LON:DNLM) Share Price Crosses Above Two Hundred Day Moving Average - Here's What Happened

Key Points

• Dunelm Group's stock price has surpassed its 200-day moving average, reaching a high of GBX 1,227 ($16.21) before last trading at GBX 1,216 ($16.06).
• Several analysts have issued ratings upgrades, with price targets ranging from GBX 1,225 ($16.18) to GBX 1,480 ($19.55), indicating a generally positive outlook for the stock.
• Insider trading activity includes a purchase of 2,621 shares by Ajay Kavan and the sale of 24,277 shares by Karen Witts, showcasing diverse insider confidence in the company's prospects.

Dunelm Group plc (LON:DNLM - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1,060.96 ($14.09) and traded as high as GBX 1,227 ($16.29). Dunelm Group shares last traded at GBX 1,216 ($16.15), with a volume of 470,231 shares trading hands.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a GBX 1,280 ($17.00) price objective on shares of Dunelm Group in a research note on Monday, July 14th. Canaccord Genuity Group boosted their price objective on shares of Dunelm Group from GBX 1,270 ($16.86) to GBX 1,320 ($17.53) and gave the company a "buy" rating in a research report on Thursday, July 24th. Berenberg Bank boosted their price objective on shares of Dunelm Group from GBX 1,430 ($18.99) to GBX 1,480 ($19.65) and gave the company a "buy" rating in a research report on Thursday, July 17th. Shore Capital restated a "not rated" rating on shares of Dunelm Group in a research report on Thursday, April 17th. Finally, JPMorgan Chase & Co. upped their target price on shares of Dunelm Group from GBX 1,170 ($15.54) to GBX 1,225 ($16.27) and gave the stock a "neutral" rating in a research report on Friday, July 18th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, Dunelm Group presently has an average rating of "Moderate Buy" and an average price target of GBX 1,326 ($17.61).

Dunelm Group Stock Performance

The company has a debt-to-equity ratio of 236.84, a quick ratio of 0.16 and a current ratio of 1.04. The firm's 50 day moving average is GBX 1,176.01 and its 200-day moving average is GBX 1,062.59. The firm has a market cap of £2.42 billion, a price-to-earnings ratio of 15.96, a price-to-earnings-growth ratio of -10.32 and a beta of 1.18.

Insider Buying and Selling at Dunelm Group

In related news, insider Ajay Kavan purchased 2,621 shares of Dunelm Group stock in a transaction on Wednesday, May 7th. The stock was purchased at an average cost of GBX 1,142 ($15.16) per share, with a total value of £29,931.82 ($39,744.81). Also, insider Karen Witts sold 24,277 shares of the stock in a transaction on Monday, June 16th. The shares were sold at an average price of GBX 1,178 ($15.64), for a total transaction of £285,983.06 ($379,741.15). 34.28% of the stock is currently owned by corporate 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.