Dunelm Group (LON:DNLM) Insider Acquires £18,700 in Stock

Dunelm Group plc (LON:DNLM) insider Ian Bull bought 2,500 shares of the business’s stock in a transaction on Wednesday, September 9th. The shares were bought at an average price of GBX 748 per share, for a total transaction of £18,700.

Dunelm Group Price Performance

Shares of LON:DNLM opened at GBX 756.96 on Friday. The stock has a market capitalization of £1.53 billion, a P/E ratio of 10.30, a P/E/G ratio of -10.32 and a beta of 0.97. The business has a 50-day moving average of GBX 855.18 and a two-hundred day moving average of GBX 829.71. Dunelm Group plc has a fifty-two week low of GBX 707 and a fifty-two week high of GBX 1,174. 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 (LON:DNLM) last issued its quarterly earnings data on Tuesday, September 8th. The company reported GBX 77 EPS for the quarter. Dunelm Group had a return on equity of 99.65% and a net margin of 8.52%. On average, equities research analysts predict that Dunelm Group plc will post 77.0957096 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

DNLM has been the topic of several analyst reports. Canaccord Genuity Group lowered their price target on Dunelm Group from GBX 1,240 to GBX 1,185 and set a “buy” rating on the stock in a report on Thursday. JPMorgan Chase & Co. reduced their price objective 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. Berenberg Bank reaffirmed a “buy” rating and set a GBX 1,200 price objective on shares of Dunelm Group in a report on Wednesday. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Dunelm Group from GBX 1,050 to GBX 1,000 and set a “buy” rating on the stock in a research note on Wednesday. Finally, Shore Capital Group reiterated a “buy” rating and issued a GBX 1,000 target price on shares of Dunelm Group in a report on Tuesday, September 8th. Eight equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of GBX 1,111.11.

Key Dunelm Group News

Here are the key news stories impacting Dunelm Group this week:

• Positive Sentiment: Non-executive director Alison Brittain purchased 10,000 shares for approximately £73,200 at an average price of GBX 732. The sizeable investment may signal confidence that Dunelm’s recent weakness has created an attractive valuation.
• Positive Sentiment: Non-executive director Ian Bull bought 2,500 shares for £18,700 at GBX 748, providing another insider-confidence signal. Dunelm Group Insider Buying
• Positive Sentiment: Berenberg reaffirmed its “buy” rating with a GBX 1,200 target, while Shore Capital also maintained a “buy” recommendation with a GBX 1,000 target. These targets remain above the recent trading range. Berenberg Reaffirms Buy Rating
• Neutral Sentiment: Dunelm retains a “Moderate Buy” consensus, with eight analysts rating the shares “buy” and one rating them “sell.” The average target is GBX 1,111.11, suggesting substantial potential upside but also some disagreement among analysts.
• Negative Sentiment: JPMorgan reduced its target from GBX 1,225 to GBX 1,050, Deutsche Bank cut its target from GBX 1,050 to GBX 1,000, and Canaccord lowered its target from GBX 1,240 to GBX 1,185. Although the firms retained positive ratings, the cuts indicate more measured views on Dunelm’s growth or valuation. Deutsche Bank Forecast for Dunelm

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.