Shore Capital Begins Coverage on Dunelm Group (LON:DNLM)

Research analysts at Shore Capital initiated coverage on shares of Dunelm Group (LON:DNLM) in a report issued on Tuesday, Marketbeat Ratings reports. The brokerage set a “buy” rating and a GBX 1,300 price target on the stock. Shore Capital’s target price indicates a potential upside of 14.14% from the stock’s current price.

A number of other equities analysts also recently commented on the stock. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 1,320 target price on shares of Dunelm Group in a research note on Wednesday, September 10th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 1,480 price target on shares of Dunelm Group in a research report on Tuesday, September 9th. JPMorgan Chase & Co. raised their target price on Dunelm Group from GBX 1,140 to GBX 1,240 and gave the stock a “neutral” rating in a research note on Tuesday, October 28th. Deutsche Bank Aktiengesellschaft upped their price target on Dunelm Group from GBX 1,320 to GBX 1,360 and gave the company a “buy” rating in a research note on Tuesday, August 26th. Finally, Jefferies Financial Group boosted their price objective on shares of Dunelm Group from GBX 1,755 to GBX 1,817 and gave the company a “hold” rating in a report on Tuesday, October 28th. Six investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Dunelm Group currently has an average rating of “Moderate Buy” and a consensus target price of GBX 1,397.13.

Dunelm Group Price Performance

Shares of Dunelm Group stock opened at GBX 1,139 on Tuesday. The stock has a market capitalization of £2.29 billion, a P/E ratio of 14.83, a PEG ratio of -10.32 and a beta of 1.18. The business has a 50 day simple moving average of GBX 1,121.42 and a two-hundred day simple moving average of GBX 1,157.80. Dunelm Group has a 12 month low of GBX 836.61 and a 12 month high of GBX 1,249. The company has a debt-to-equity ratio of 236.84, a current ratio of 1.04 and a quick ratio of 0.16.

Dunelm Group (LON:DNLM) last posted its quarterly earnings data on Tuesday, September 9th. The company reported GBX 77.20 EPS for the quarter. Dunelm Group had a return on equity of 96.64% and a net margin of 8.86%. As a group, analysts predict that Dunelm Group will post 77.0957096 EPS for the current fiscal year.

Insider Activity

In other news, insider Karen Witts sold 8,478 shares of the company’s stock in a transaction that occurred on Monday, October 27th. The shares were sold at an average price of GBX 1,144, for a total value of £96,988.32. Also, insider Luisa Wright sold 2,257 shares of the firm’s stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of GBX 1,121, for a total transaction of £25,300.97. Over the last 90 days, insiders sold 61,854 shares of company stock valued at $70,913,541. Company insiders own 39.14% of the company’s stock.

Dunelm Group Company Profile

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.