Dunelm Group (LON:DNLM) Trading Down 10.4% - Time to Sell?

Key Points

• Dunelm Group plc's share price fell 10.4% to approximately GBX 1,112.42 amid increased trading volume, trading hands 36% above the average.
• Multiple research firms maintain a positive outlook, with UBS Group issuing a "buy" rating and a target price of GBX 1,385, while analysts have a consensus rating of "Moderate Buy" with a target of GBX 1,349.17.
• Dunelm reported earnings per share (EPS) of GBX 77.20 for the quarter ending September 9th, alongside a strong return on equity of 96.64% and a net margin of 8.86%.

Dunelm Group plc (LON:DNLM - Get Free Report)'s stock price traded down 10.4% during trading on Wednesday . The company traded as low as GBX 1,104 ($14.97) and last traded at GBX 1,112.42 ($15.08). 888,954 shares changed hands during trading, an increase of 36% from the average session volume of 653,074 shares. The stock had previously closed at GBX 1,241 ($16.83).

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Jefferies Financial Group raised their target price on shares of Dunelm Group from GBX 1,095 to GBX 1,115 and gave the stock a "hold" rating in a research report on Thursday. Shore Capital restated a "no recommendation" rating on shares of Dunelm Group in a research note on Tuesday, September 9th. Berenberg Bank reiterated a "buy" rating and set a GBX 1,480 price objective on shares of Dunelm Group in a research note on Tuesday, September 9th. UBS Group reiterated a "buy" rating and set a GBX 1,385 price objective on shares of Dunelm Group in a research note on Friday, September 5th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of 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. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Dunelm Group currently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 1,315.71.

Dunelm Group Stock Up 0.7%

The company has a debt-to-equity ratio of 236.84, a current ratio of 1.04 and a quick ratio of 0.16. The business's fifty day simple moving average is GBX 1,184.31 and its two-hundred day simple moving average is GBX 1,106.91. The company has a market cap of £2.16 billion, a PE ratio of 1,433.16, a PEG ratio of -10.32 and a beta of 1.18.

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

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.