Dunelm Group (LON:DNLM) Stock Price Down 8.4% - Here's Why

Key Points

• Dunelm Group's stock price declined by 8.4% to GBX 1,137 ($15.40), with trading volume increasing substantially to 3.7 million shares on Tuesday.
• Despite the drop, several analysts remain optimistic, with a consensus rating of "Moderate Buy" and a target price averaging GBX 1,349.17.
• The company reported earnings of GBX 77.20 per share for the last quarter, with a net margin of 8.86% and a return on equity of 96.64%.

Dunelm Group plc (LON:DNLM - Get Free Report)'s stock price traded down 8.4% during trading on Tuesday . The stock traded as low as GBX 1,130 ($15.31) and last traded at GBX 1,137 ($15.40). 3,688,210 shares changed hands during mid-day trading, an increase of 451% from the average session volume of 669,162 shares. The stock had previously closed at GBX 1,241 ($16.81).

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Berenberg Bank increased their price objective on shares of 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. JPMorgan Chase & Co. increased their price objective on shares of Dunelm Group from GBX 1,170 to GBX 1,225 and gave the company a "neutral" rating in a research note on Friday, July 18th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Dunelm Group from GBX 1,320 to GBX 1,360 and gave the company a "buy" rating in a research note on Tuesday, August 26th. UBS Group reissued a "buy" rating and issued a GBX 1,385 price objective on shares of Dunelm Group in a research note on Friday. Finally, Canaccord Genuity Group increased their price objective on shares of Dunelm Group from GBX 1,270 to GBX 1,320 and gave the company a "buy" rating in a research note on Thursday, July 24th. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Dunelm Group presently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 1,349.17.

Dunelm Group Stock Performance

The company has a current ratio of 1.04, a quick ratio of 0.16 and a debt-to-equity ratio of 236.84. 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. The stock has a market capitalization of £2.27 billion, a price-to-earnings ratio of 1,508.94, a PEG ratio of -10.32 and a beta of 1.18.

Dunelm Group (LON:DNLM - Get Free Report) last announced its quarterly earnings results 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, analysts expect that Dunelm Group plc will post 77.0957096 EPS for the current year.

Insider Buying and Selling at Dunelm Group

In other news, insider Karen Witts sold 24,277 shares of the stock in a transaction on 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 company 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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