Dunelm Group (LON:DNLM) Stock Price Up 12.7% – Here’s What Happened

Shares of Dunelm Group plc (LON:DNLM) rose 12.7% during trading on Friday . The company traded as high as GBX 1,074 ($14.28) and last traded at GBX 1,068.64 ($14.21). Approximately 894,765 shares traded hands during mid-day trading, an increase of 2% from the average daily volume of 873,135 shares. The stock had previously closed at GBX 948 ($12.60).

Analysts Set New Price Targets

A number of brokerages have recently issued reports on DNLM. Shore Capital reaffirmed a “not rated” rating on shares of Dunelm Group in a research report on Thursday. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 1,270 ($16.89) target price on shares of Dunelm Group in a research report on Tuesday, February 11th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of GBX 1,251 ($16.63).

Dunelm Group Stock Performance

The company has a debt-to-equity ratio of 236.84, a current ratio of 1.04 and a quick ratio of 0.16. The stock has a fifty day moving average price of GBX 947.03 and a two-hundred day moving average price of GBX 1,041.14. The company has a market cap of £2.16 billion, a P/E ratio of 14.23, a PEG ratio of -10.32 and a beta of 1.18.

Dunelm Group (LON:DNLM) last announced its earnings results on Tuesday, February 11th. The company reported GBX 45.20 ($0.60) earnings per share for the quarter. Dunelm Group had a return on equity of 96.64% and a net margin of 8.86%. On average, equities analysts forecast that Dunelm Group plc will post 77.0957096 earnings per share for the current fiscal year.

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.