Dunelm Group (LON:DNLM) Trading Down 17.7% – Here’s Why

Dunelm Group plc (LON:DNLM)’s stock price fell 17.7% during trading on Thursday . The company traded as low as GBX 956 and last traded at GBX 963. 2,350,713 shares were traded during mid-day trading, an increase of 142% from the average session volume of 972,158 shares. The stock had previously closed at GBX 1,170.

Wall Street Analyst Weigh In

Several analysts have issued reports on DNLM shares. Jefferies Financial Group upped their price objective on Dunelm Group from GBX 1,755 to GBX 1,817 and gave the company a “hold” rating in a research note on Tuesday, October 28th. Shore Capital initiated coverage on Dunelm Group in a report on Tuesday, November 11th. They issued a “buy” rating and a GBX 1,300 price target for the company. Royal Bank Of Canada raised Dunelm Group to an “outperform” rating and upped their price target for the company from GBX 1,200 to GBX 1,300 in a research report on Monday, November 3rd. UBS Group reaffirmed a “buy” rating and issued a GBX 1,360 price objective on shares of Dunelm Group in a report on Friday, October 17th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Dunelm Group from GBX 1,140 to GBX 1,240 and gave the company a “neutral” rating in a research note on Tuesday, October 28th. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,397.13.

Dunelm Group Stock Down 17.7%

The firm has a market cap of £1.94 billion, a P/E ratio of 12.53, a price-to-earnings-growth ratio of -10.32 and a beta of 1.18. The firm’s 50-day moving average price is GBX 1,117.28 and its 200 day moving average price is GBX 1,142.28. The company has a quick ratio of 0.16, a current ratio of 1.04 and a debt-to-equity ratio of 236.84.

Insider Activity

In other Dunelm Group news, insider Karen Witts acquired 10,790 shares of Dunelm Group stock in a transaction dated Monday, December 1st. The stock was acquired at an average cost of GBX 1,104 per share, for a total transaction of £119,121.60. Also, insider Daniel Taylor acquired 4,000 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The stock was acquired at an average cost of GBX 1,163 per share, with a total value of £46,520. Over the last ninety days, insiders have purchased 17,790 shares of company stock worth $20,056,160 and have sold 61,854 shares worth $70,913,541. 34.16% of the stock is owned by company 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.

The business was founded in 1979 by the Adderley family, beginning as a curtains stall on Leicester market before expanding its store footprint.