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

Dunelm Group plc (LON:DNLM)’s stock price shot up 12.7% on Friday . The company traded as high as GBX 1,074 ($14.28) and last traded at GBX 1,068.64 ($14.21). 894,765 shares changed hands during trading, an increase of 2% from the average session volume of 873,135 shares. The stock had previously closed at GBX 948 ($12.60).

Wall Street Analysts Forecast Growth

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

Dunelm Group Stock Performance

The stock has a market cap of £2.16 billion, a price-to-earnings ratio of 14.23, a P/E/G ratio of -10.32 and a beta of 1.18. The company has a quick ratio of 0.16, a current ratio of 1.04 and a debt-to-equity ratio of 236.84. The company has a 50 day simple moving average of GBX 947.03 and a 200 day simple moving average of GBX 1,041.14.

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