Dunelm Group (LON:DNLM) Shares Up 7.9% – Here’s Why

Dunelm Group plc (LON:DNLM)’s share price was up 7.9% during mid-day trading on Thursday. The company traded as high as GBX 883.60 and last traded at GBX 864.50. 24,720,576 shares were traded during trading, an increase of 1,106% from the average session volume of 2,050,301 shares. The stock had previously closed at GBX 801.

Analysts Set New Price Targets

Several equities analysts have recently commented on DNLM shares. Deutsche Bank Aktiengesellschaft dropped their target price on shares of 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. Jefferies Financial Group reissued a “buy” rating and issued a GBX 1,030 price objective on shares of Dunelm Group in a research note on Thursday. Shore Capital Group restated a “buy” rating and set a GBX 1,000 price objective on shares of Dunelm Group in a research report on Friday, September 18th. Canaccord Genuity Group restated a “buy” rating and set a GBX 1,185 price objective on shares of Dunelm Group in a research report on Friday. Finally, JPMorgan Chase & Co. cut their target price on 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. Seven analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of GBX 1,074.38.

Dunelm Group Price Performance

The stock has a market cap of £1.79 billion, a P/E ratio of 11.56, a PEG ratio of -10.32 and a beta of 1.03. The company has a debt-to-equity ratio of 258.52, a current ratio of 1.02 and a quick ratio of 0.16. The business’s fifty day moving average price is GBX 824.21 and its 200 day moving average price is GBX 811.47.

Dunelm Group (LON:DNLM) last posted its quarterly earnings results on Tuesday, September 8th. The company reported GBX 77 earnings per share for the quarter. Dunelm Group had a net margin of 8.52% and a return on equity of 99.65%. Sell-side analysts forecast that Dunelm Group plc will post 77.10 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Ian Bull bought 2,500 shares of the business’s stock in a transaction on Wednesday, September 9th. The shares were purchased at an average price of GBX 748 per share, for a total transaction of £18,700. Also, insider Alison Brittain bought 10,000 shares of the business’s stock in a transaction on Wednesday, September 9th. The stock was bought at an average price of GBX 732 per share, for a total transaction of £73,200. Insiders have purchased 18,302 shares of company stock worth $13,633,906 over the last 90 days. Insiders own 34.22% 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.