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

Key Points

• Dunelm Group's stock price fell by 10.4% on Tuesday, with shares trading between GBX 1,104 and GBX 1,112.42, following a previous close of GBX 1,241.
• Despite the recent decline, several analysts maintain a "buy" rating for the stock, with target prices ranging from GBX 1,225 to GBX 1,480.
• Insider Karen Witts sold 24,277 shares at an average price of GBX 1,178, indicating ongoing corporate activity, with insiders holding 39.14% of the stock.

Dunelm Group plc (LON:DNLM - Get Free Report) was down 10.4% on Tuesday . The company traded as low as GBX 1,104 ($14.96) and last traded at GBX 1,112.42 ($15.07). Approximately 888,954 shares changed 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 ($16.81).

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on DNLM shares. Berenberg Bank lifted their price objective on Dunelm Group from GBX 1,430 to GBX 1,480 and gave the company a "buy" rating in a research note on Thursday, July 17th. UBS Group reiterated a "buy" rating and issued a GBX 1,385 target price on shares of Dunelm Group in a report on Friday. Deutsche Bank Aktiengesellschaft lifted their target price on Dunelm Group from GBX 1,320 to GBX 1,360 and gave the company a "buy" rating in a report on Tuesday, August 26th. JPMorgan Chase & Co. lifted their target price on Dunelm Group from GBX 1,170 to GBX 1,225 and gave the company a "neutral" rating in a report on Friday, July 18th. Finally, Shore Capital reiterated a "no recommendation" rating on shares of Dunelm Group in a report on Tuesday. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of GBX 1,349.17.

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 stock has a market capitalization of £2.24 billion, a price-to-earnings ratio of 1,487.19, a P/E/G ratio of -10.32 and a beta of 1.18. The company's 50-day simple moving average is GBX 1,191.03 and its 200 day simple moving average is GBX 1,104.03.

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

Insider Buying and Selling

In other Dunelm Group news, insider Karen Witts sold 24,277 shares of the firm's stock in a transaction dated Monday, June 16th. The shares were sold at an average price of GBX 1,178, for a total transaction of £285,983.06. 39.14% of the stock is currently owned by corporate insiders.

Dunelm Group Company Profile

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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