Dunelm Group (LON:DNLM) Insider Acquires £24,864.06 in Stock

Key Points

• Insider buying: Ajay Kavan purchased 3,302 Dunelm Group shares at GBX 753 each, for a total investment of £24,864.06.
• Share performance: Dunelm stock fell 0.6% to GBX 754.50, near its one-year low of GBX 707 and below its 50-day and 200-day moving averages.
• Analyst outlook: Despite several price-target reductions, eight analysts rate the stock Buy versus one Sell, giving it a consensus “Moderate Buy” rating and an average target of GBX 1,111.11.

Dunelm Group plc (LON:DNLM - Get Free Report) insider Ajay Kavan bought 3,302 shares of the stock in a transaction dated Monday, September 14th. The shares were acquired at an average price of GBX 753 per share, with a total value of £24,864.06.

Dunelm Group Stock Down 0.6%

LON DNLM traded down GBX 4.50 during mid-day trading on Wednesday, reaching GBX 754.50. The stock had a trading volume of 1,435,262 shares, compared to its average volume of 2,093,332. The stock has a market cap of £1.52 billion, a PE ratio of 10.27, a price-to-earnings-growth ratio of -10.32 and a beta of 0.97. The company has a debt-to-equity ratio of 258.52, a current ratio of 1.02 and a quick ratio of 0.16. Dunelm Group plc has a 1 year low of GBX 707 and a 1 year high of GBX 1,174. The company has a fifty day moving average price of GBX 853.77 and a 200 day moving average price of GBX 825.42.

Dunelm Group (LON:DNLM - Get Free Report) last issued its earnings results on Tuesday, September 8th. The company reported GBX 77 earnings per share (EPS) for the quarter. Dunelm Group had a net margin of 8.52% and a return on equity of 99.65%. On average, research analysts expect that Dunelm Group plc will post 77.0957096 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft lowered their target price on Dunelm Group from GBX 1,050 to GBX 1,000 and set a "buy" rating for the company in a research report on Wednesday, September 9th. Berenberg Bank reiterated a "buy" rating and issued a GBX 1,200 target price on shares of Dunelm Group in a research note on Wednesday, September 9th. JPMorgan Chase & Co. decreased their price target on shares of Dunelm Group from GBX 1,225 to GBX 1,050 and set an "overweight" rating for the company in a research note on Wednesday, September 9th. Canaccord Genuity Group dropped their target price on shares of Dunelm Group from GBX 1,240 to GBX 1,185 and set a "buy" rating on the stock in a report on Thursday, September 10th. Finally, Shore Capital Group restated a "buy" rating and set a GBX 1,000 price objective on shares of Dunelm Group in a research note on Tuesday, September 8th. Eight investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of GBX 1,111.11.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.