Dunelm Group (LON:DNLM) Trading Down 10.4% - Should You Sell?

Key Points

• Dunelm Group's shares experienced a significant drop of 10.4%, trading as low as GBX 1,104 ($14.96) during mid-day trading after closing at GBX 1,241 ($16.81).
• Multiple analysts have upgraded their target prices, with Canaccord Genuity setting a new target of GBX 1,320 and Deutsche Bank increasing theirs to GBX 1,360, maintaining a "buy" rating for the stock.
• Insider trading was reported as Karen Witts sold 24,277 shares for approximately £285,983, and insiders currently own 39.14% of the company's stock.

Dunelm Group plc (LON:DNLM - Get Free Report)'s stock price was down 10.4% on Tuesday . The company traded as low as GBX 1,104 ($14.94) and last traded at GBX 1,112.42 ($15.06). Approximately 888,954 shares traded hands during mid-day trading, an increase of 36% from the average daily volume of 653,074 shares. The stock had previously closed at GBX 1,241 ($16.80).

Analyst Ratings Changes

Several research analysts have issued reports on the company. JPMorgan Chase & Co. increased their price objective 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. Jefferies Financial Group boosted their price target on shares of Dunelm Group from GBX 1,095 to GBX 1,115 and gave the company a "hold" rating in a research report on Thursday. Shore Capital reaffirmed a "no recommendation" rating on shares of Dunelm Group in a report on Tuesday. UBS Group reiterated a "buy" rating and issued a GBX 1,385 target price on shares of Dunelm Group in a research note on Friday, September 5th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Dunelm Group from GBX 1,320 to GBX 1,360 and gave the stock a "buy" rating in a report on Tuesday, August 26th. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of GBX 1,315.71.

Dunelm Group Price Performance

The company has a quick ratio of 0.16, a current ratio of 1.04 and a debt-to-equity ratio of 236.84. The company's 50 day moving average is GBX 1,187.96 and its 200 day moving average is GBX 1,103.98. The firm has a market capitalization of £2.17 billion, a price-to-earnings ratio of 1,443.94, a P/E/G ratio of -10.32 and a beta of 1.18.

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

Insiders Place Their Bets

In other news, insider Karen Witts sold 24,277 shares of the company's 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. 39.14% of the stock is 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.