Dunelm Group (LON:DNLM) Shares Down 10.4% - Here's What Happened

Key Points

• Dunelm Group plc shares fell sharply by 10.4% on Tuesday, reaching a low of GBX 1,104 ($14.96) before closing at GBX 1,112.42 ($15.07).
• Multiple analysts have upgraded their price targets for Dunelm Group, with a consensus rating of "Moderate Buy" and an average target price of GBX 1,349.17.
• The company reported 77.20 earnings per share in its latest quarterly results and has a market cap of £2.24 billion.

Dunelm Group plc (LON:DNLM - Get Free Report) shares dropped 10.4% during trading on Tuesday . The stock traded as low as GBX 1,104 ($14.96) and last traded at GBX 1,112.42 ($15.07). Approximately 888,954 shares traded hands during trading, an increase of 36% from the average daily volume of 653,074 shares. The stock had previously closed at GBX 1,241 ($16.81).

Analyst Ratings Changes

DNLM has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft upped their price objective on Dunelm Group from GBX 1,320 to GBX 1,360 and gave the company a "buy" rating in a research note on Tuesday, August 26th. UBS Group reaffirmed a "buy" rating and set a GBX 1,385 price objective on shares of Dunelm Group in a research note on Friday. JPMorgan Chase & Co. increased their target price on Dunelm Group from GBX 1,170 to GBX 1,225 and gave the stock a "neutral" rating in a research note on Friday, July 18th. Berenberg Bank increased their target price on Dunelm Group from GBX 1,430 to GBX 1,480 and gave the stock a "buy" rating in a research note on Thursday, July 17th. Finally, Canaccord Genuity Group increased their target price on Dunelm Group from GBX 1,270 to GBX 1,320 and gave the stock a "buy" rating in a research note on Thursday, July 24th. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of GBX 1,349.17.

Dunelm Group Trading Down 10.4%

The firm has a market cap of £2.24 billion, a price-to-earnings ratio of 1,487.19, a PEG ratio of -10.32 and a beta of 1.18. 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 business has a fifty day moving average of GBX 1,191.03 and a two-hundred day moving average of GBX 1,104.03.

Dunelm Group (LON:DNLM - Get Free Report) last released its quarterly earnings results on Tuesday, September 9th. The company reported GBX 77.20 earnings per share for the quarter. Dunelm Group had a return on equity of 96.64% and a net margin of 8.86%. As a group, equities analysts expect that Dunelm Group plc will post 77.0957096 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Dunelm Group 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, for a total transaction of £285,983.06. Company insiders own 39.14% of the company's stock.

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.

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