Dunelm Group (LON:DNLM) Shares Pass Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• Dunelm Group's shares have surpassed their 200-day moving average, indicating positive momentum in stock performance, with recent trading levels reaching GBX 1,202 ($16.17).
• Analysts are optimistic about Dunelm Group, with multiple price target increases; the average target now stands at GBX 1,326 ($17.83) and the stock carries a "Moderate Buy" rating.
• Insider transactions show company insiders, including CFO Karen Witts, sold shares, indicating potential shifts in ownership dynamics, with insiders currently holding 34.28% of the stock.

Dunelm Group plc (LON:DNLM - Get Free Report)'s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 1,070.14 ($14.37) and traded as high as GBX 1,212 ($16.28). Dunelm Group shares last traded at GBX 1,202 ($16.15), with a volume of 300,425 shares trading hands.

Analysts Set New Price Targets

DNLM has been the topic of several research reports. Berenberg Bank upped their target price on Dunelm Group from GBX 1,430 ($19.21) to GBX 1,480 ($19.88) and gave the company a "buy" rating in a research report on Thursday, July 17th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a GBX 1,280 ($17.19) price target on shares of Dunelm Group in a research report on Monday, July 14th. JPMorgan Chase & Co. increased their price target on Dunelm Group from GBX 1,170 ($15.72) to GBX 1,225 ($16.45) and gave the stock a "neutral" rating in a research report on Friday, July 18th. Shore Capital reissued a "not rated" rating on shares of Dunelm Group in a research report on Thursday, April 17th. Finally, Canaccord Genuity Group increased their price target on Dunelm Group from GBX 1,270 ($17.06) to GBX 1,320 ($17.73) and gave the stock a "buy" rating in a research report on Thursday, July 24th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of GBX 1,326 ($17.81).

Dunelm Group Price Performance

The firm has a market capitalization of £2.42 billion, a price-to-earnings ratio of 15.98, a P/E/G ratio of -10.32 and a beta of 1.18. The stock has a fifty day moving average of GBX 1,179.14 and a two-hundred day moving average of GBX 1,073.24. The company has a debt-to-equity ratio of 236.84, a current ratio of 1.04 and a quick ratio of 0.16.

Insiders Place Their Bets

In related news, insider Karen Witts sold 24,277 shares of the stock in a transaction on Monday, June 16th. The stock was sold at an average price of GBX 1,178 ($15.82), for a total value of £285,983.06 ($384,127.68). 34.28% 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.