Dunelm Group (LON:DNLM) Trading Down 9.6% - What's Next?

Key Points

• Dunelm Group's stock fell by 9.6% during mid-day trading, with the shares closing at GBX 1,122 ($15.20) after trading as low as GBX 1,117 ($15.13).
• Several analysts have issued reports, with UBS Group maintaining a "buy" rating and a price objective of GBX 1,385, while Canaccord Genuity raised their target to GBX 1,320 with a "buy" rating.
• The company reported a net margin of 8.86% and a robust return on equity of 96.64%, with expected EPS for the current year estimated at approximately 77.10.

Dunelm Group plc (LON:DNLM - Get Free Report) was down 9.6% during mid-day trading on Tuesday . The company traded as low as GBX 1,117 ($15.13) and last traded at GBX 1,122 ($15.20). Approximately 3,890,345 shares were traded during mid-day trading, an increase of 480% from the average daily volume of 670,323 shares. The stock had previously closed at GBX 1,241 ($16.81).

Wall Street Analyst Weigh In

A number of analysts have issued reports on DNLM shares. UBS Group reissued a "buy" rating and issued a GBX 1,385 price objective on shares of Dunelm Group in a report on Friday. Canaccord Genuity Group upped their price objective on shares of Dunelm Group from GBX 1,270 to GBX 1,320 and gave the stock a "buy" rating in a research report on Thursday, July 24th. JPMorgan Chase & Co. upped their price objective on shares of Dunelm Group from GBX 1,170 to GBX 1,225 and gave the stock a "neutral" rating in a research report on Friday, July 18th. Berenberg Bank upped their price objective on shares of Dunelm Group from GBX 1,430 to GBX 1,480 and gave the stock a "buy" rating in a research report on Thursday, July 17th. Finally, Shore Capital reiterated a "no recommendation" rating on shares of Dunelm Group in a research report on Tuesday. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target 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 £2.26 billion, a price-to-earnings ratio of 1,500.00, a PEG ratio of -10.32 and a beta of 1.18.

Dunelm Group (LON:DNLM - Get Free Report) last posted its quarterly 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%. On average, analysts expect 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 on Monday, June 16th. The shares were sold at an average price of GBX 1,178, for a total value of £285,983.06. Insiders own 39.14% 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.

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