Dunelm Group (LON:DNLM) Earns Buy Rating from Berenberg Bank

Key Points

• Berenberg Bank has reaffirmed a "buy" rating for Dunelm Group with a price target of GBX 1,480, indicating a potential upside of 34.70% from the current stock price.
• Five investment analysts have rated Dunelm Group as a Buy, contributing to a consensus rating of "Moderate Buy" with an average target price of GBX 1,349.17.
• Dunelm Group recently reported GBX 77.20 earnings per share, with a return on equity of 96.64% and a net margin of 8.86% for the quarter.

Berenberg Bank reiterated their buy rating on shares of Dunelm Group (LON:DNLM - Free Report) in a research note released on Tuesday, Marketbeat Ratings reports. The brokerage currently has a GBX 1,480 price target on the stock.

Several other brokerages have also recently weighed in on DNLM. Canaccord Genuity Group reaffirmed a "buy" rating and set a GBX 1,320 price target on shares of Dunelm Group in a research note on Wednesday. Deutsche Bank Aktiengesellschaft increased their price objective 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. raised their price target 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. UBS Group reaffirmed a "buy" rating and set a GBX 1,385 price target on shares of Dunelm Group in a report on Friday, September 5th. Finally, Shore Capital reissued a "no recommendation" rating on shares of Dunelm Group in a report on Tuesday, September 9th. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of GBX 1,315.71.

Dunelm Group Stock Down 1.5%

LON DNLM traded down GBX 15.78 during trading hours on Tuesday, reaching GBX 1,064.22. 299,021 shares of the company's stock were exchanged, compared to its average volume of 649,615. The company's 50-day moving average is GBX 1,184.31 and its two-hundred day moving average is GBX 1,105.99. Dunelm Group has a one year low of GBX 836.61 and a one year high of GBX 1,255.03. 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 company has a market capitalization of £2.14 billion, a price-to-earnings ratio of 1,422.76, a price-to-earnings-growth ratio of -10.32 and a beta of 1.18.

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

Insider Transactions at Dunelm Group

In other Dunelm Group news, insider Karen Witts sold 24,277 shares of Dunelm Group stock in a transaction dated 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 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.