Dunelm Group (LON:DNLM) Stock Price Down 5.3% - Here's What Happened

Key Points

• Shares fell 5.3% intraday to GBX 803 (low GBX 788) on Thursday, with volume of 11.37 million shares—about a 304% jump versus average trading volume.
• Analysts remain broadly positive—seven Buys, one Hold and one Sell—with a MarketBeat consensus target of GBX 1,216.67, although several firms have recently trimmed their price targets.
• Dunelm reported quarterly EPS of GBX 42 with a net margin of 8.29% and ROE of 105.88%, and insider Luisa Wright purchased 2,442 shares at GBX 963 while insiders hold 34.13% of the company.

Dunelm Group plc (LON:DNLM - Get Free Report) shares traded down 5.3% during trading on Thursday . The company traded as low as GBX 788 and last traded at GBX 803. 11,371,695 shares changed hands during mid-day trading, an increase of 304% from the average session volume of 2,814,001 shares. The stock had previously closed at GBX 848.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Jefferies Financial Group reiterated a "buy" rating and issued a GBX 1,075 price target on shares of Dunelm Group in a research note on Thursday. Panmure Gordon decreased their price target on shares of Dunelm Group from GBX 995 to GBX 830 and set a "sell" rating on the stock in a research note on Monday, January 19th. Shore Capital Group reaffirmed a "buy" rating on shares of Dunelm Group in a report on Thursday. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Dunelm Group from GBX 1,360 to GBX 1,200 and set a "buy" rating on the stock in a report on Friday, January 16th. Finally, Berenberg Bank lowered their target price on shares of Dunelm Group from GBX 1,480 to GBX 1,425 and set a "buy" rating on the stock in a report on Friday, January 16th. Seven investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Dunelm Group has an average rating of "Moderate Buy" and a consensus target price of GBX 1,216.67.

Dunelm Group Price Performance

The company's fifty day moving average price is GBX 888.65 and its 200 day moving average price is GBX 1,020.89. The company has a market capitalization of £1.62 billion, a P/E ratio of 10.93, a PEG ratio of -10.32 and a beta of 1.03. The company has a quick ratio of 0.16, a current ratio of 0.83 and a debt-to-equity ratio of 175.79.

Dunelm Group (LON:DNLM - Get Free Report) last announced its earnings results on Tuesday, February 10th. The company reported GBX 42 EPS for the quarter. Dunelm Group had a net margin of 8.29% and a return on equity of 105.88%. As a group, sell-side analysts forecast that Dunelm Group plc will post 77.0957096 EPS for the current year.

Insider Activity

In other news, insider Luisa Wright purchased 2,442 shares of Dunelm Group stock in a transaction that occurred on Friday, February 13th. The shares were acquired at an average price of GBX 963 per share, for a total transaction of £23,516.46. Corporate insiders own 34.13% 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. The business was founded in 1979 by the Adderley family, beginning as a curtains stall on Leicester market before expanding its store footprint.

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