Dunelm Group (LON:DNLM) Stock Passes Above 200-Day Moving Average - Here's What Happened

Key Points

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Shares of Dunelm Group plc (LON:DNLM - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 1,081.10 ($14.60) and traded as high as GBX 1,201 ($16.22). Dunelm Group shares last traded at GBX 1,198 ($16.18), with a volume of 602,450 shares trading hands.

Wall Street Analyst Weigh In

DNLM has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a GBX 1,280 ($17.29) price objective on shares of Dunelm Group in a report on Monday, July 14th. Canaccord Genuity Group boosted their price objective on Dunelm Group from GBX 1,270 ($17.16) to GBX 1,320 ($17.83) and gave the company a "buy" rating in a report on Thursday, July 24th. JPMorgan Chase & Co. boosted their price objective on Dunelm Group from GBX 1,170 ($15.80) to GBX 1,225 ($16.55) and gave the company a "neutral" rating in a report on Friday, July 18th. Finally, Berenberg Bank boosted their price objective on Dunelm Group from GBX 1,430 ($19.32) to GBX 1,480 ($19.99) and gave the company a "buy" rating in a report on Thursday, July 17th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of GBX 1,326 ($17.91).

Dunelm Group Trading Up 0.1%

The company has a market cap of £2.42 billion, a PE ratio of 15.95, a P/E/G ratio of -10.32 and a beta of 1.18. The company has a fifty day simple moving average of GBX 1,179.97 and a two-hundred day simple moving average of GBX 1,081.10. The company has a current ratio of 1.04, a quick ratio of 0.16 and a debt-to-equity ratio of 236.84.

Insiders Place Their Bets

In related news, insider Karen Witts sold 24,277 shares of the firm's stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of GBX 1,178 ($15.91), for a total value of £285,983.06 ($386,306.98). 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.

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