Dunelm Group (LON:DNLM) Stock Price Down 8.7% - What's Next?

Key Points

• Dunelm Group's stock price experienced a significant drop of 8.7%, closing at GBX 1,132.69 ($15.34), after reaching a low of GBX 1,117 ($15.13) during trading.
• Analyst ratings remain largely positive, with several firms like Canaccord Genuity Group and Berenberg Bank issuing "buy" ratings and raising their price targets for the stock.
• Insider activity was noted as Karen Witts sold 24,277 shares at an average price of GBX 1,178, reflecting a high percentage of insider ownership at 39.14%.

Shares of Dunelm Group plc (LON:DNLM - Get Free Report) dropped 8.7% during trading on Tuesday . The stock traded as low as GBX 1,117 ($15.13) and last traded at GBX 1,132.69 ($15.34). Approximately 3,779,509 shares changed hands during trading, an increase of 464% from the average daily volume of 669,686 shares. The stock had previously closed at GBX 1,241 ($16.81).

Analyst Ratings Changes

DNLM has been the topic of several analyst reports. Canaccord Genuity Group raised their price target on shares of Dunelm Group from GBX 1,270 to GBX 1,320 and gave the company a "buy" rating in a research report on Thursday, July 24th. Berenberg Bank increased their target price on Dunelm Group from GBX 1,430 to GBX 1,480 and gave the company a "buy" rating in a research report on Thursday, July 17th. JPMorgan Chase & Co. increased their target price on Dunelm Group from GBX 1,170 to GBX 1,225 and gave the company a "neutral" rating in a research report on Friday, July 18th. UBS Group reiterated a "buy" rating and set a GBX 1,385 target price on shares of Dunelm Group in a research report on Friday. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Dunelm Group from GBX 1,320 to GBX 1,360 and gave the company a "buy" rating in a research report on Tuesday, August 26th. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of GBX 1,349.17.

Dunelm Group Trading Down 8.9%

The company has a 50 day moving average of GBX 1,191.03 and a 200 day moving average of GBX 1,104.03. The company has a debt-to-equity ratio of 236.84, a quick ratio of 0.16 and a current ratio of 1.04. The stock has a market capitalization of £2.27 billion, a price-to-earnings ratio of 1,510.70, 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 EPS for the quarter. Dunelm Group had a return on equity of 96.64% and a net margin of 8.86%. On average, research analysts predict that Dunelm Group plc will post 77.0957096 EPS for the current fiscal year.

Insider Activity

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