Dunelm Group (LON:DNLM) Stock Crosses Below 200-Day Moving Average – Time to Sell?

Shares of Dunelm Group plc (LON:DNLM) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 885.80 and traded as low as GBX 785. Dunelm Group shares last traded at GBX 799.50, with a volume of 400,566 shares.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Canaccord Genuity Group dropped their target price on shares of Dunelm Group from GBX 1,280 to GBX 1,240 and set a “buy” rating for the company in a report on Friday, April 17th. Berenberg Bank reduced their price target on shares of Dunelm Group from GBX 1,425 to GBX 1,350 and set a “buy” rating for the company in a research report on Friday, April 17th. Shore Capital Group reissued a “buy” rating on shares of Dunelm Group in a research note on Thursday, April 16th. Finally, Jefferies Financial Group restated a “buy” rating and issued a GBX 1,075 price target on shares of Dunelm Group in a report on Thursday, April 16th. Seven equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Dunelm Group presently has an average rating of “Moderate Buy” and a consensus target price of GBX 1,199.44.

Dunelm Group Stock Up 2.2%

The company has a current ratio of 0.83, a quick ratio of 0.16 and a debt-to-equity ratio of 175.79. The firm has a 50 day moving average price of GBX 775.30 and a 200-day moving average price of GBX 881.08. The firm has a market cap of £1.61 billion, a price-to-earnings ratio of 10.84, a P/E/G ratio of -10.32 and a beta of 0.96.

Insider Activity

In other Dunelm Group news, insider Ajay Kavan bought 3,947 shares of the business’s stock in a transaction on Monday, May 11th. The stock was bought at an average price of GBX 756 per share, for a total transaction of £29,839.32. Also, insider Alison Brittain bought 12,500 shares of the business’s stock in a transaction on Thursday, May 7th. The shares were acquired at an average price of GBX 764 per share, with a total value of £95,500. Company insiders own 34.19% 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.

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