Dunelm Group (LON:DNLM) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

Shares of Dunelm Group plc (LON:DNLM) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 1,142.12 and traded as high as GBX 1,165. Dunelm Group shares last traded at GBX 1,161.70, with a volume of 320,731 shares.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on DNLM. Jefferies Financial Group upped their price objective on shares of Dunelm Group from GBX 1,755 to GBX 1,817 and gave the stock a “hold” rating in a research report on Tuesday, October 28th. Royal Bank Of Canada raised shares of Dunelm Group to an “outperform” rating and boosted their target price for the stock from GBX 1,200 to GBX 1,300 in a research note on Monday, November 3rd. JPMorgan Chase & Co. upped their price target on shares of Dunelm Group from GBX 1,140 to GBX 1,240 and gave the stock a “neutral” rating in a report on Tuesday, October 28th. UBS Group reiterated a “buy” rating and issued a GBX 1,360 price target on shares of Dunelm Group in a research note on Friday, October 17th. Finally, Shore Capital initiated coverage on Dunelm Group in a research report on Tuesday, November 11th. They set a “buy” rating and a GBX 1,300 price objective on the stock. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Dunelm Group presently has an average rating of “Moderate Buy” and an average target price of GBX 1,397.13.

Dunelm Group Trading Up 0.5%

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 company has a market cap of £2.34 billion, a price-to-earnings ratio of 15.13, a price-to-earnings-growth ratio of -10.32 and a beta of 1.18. The business’s fifty day moving average price is GBX 1,116.97 and its 200 day moving average price is GBX 1,142.12.

Insider Buying and Selling

In related news, insider Karen Witts acquired 10,790 shares of the business’s stock in a transaction that occurred on Monday, December 1st. The shares were bought at an average cost of GBX 1,104 per share, with a total value of £119,121.60. Also, insider Daniel Taylor bought 4,000 shares of the firm’s stock in a transaction on Monday, November 3rd. The shares were purchased at an average cost of GBX 1,163 per share, with a total value of £46,520. Over the last quarter, insiders have bought 17,790 shares of company stock worth $20,056,160 and have sold 61,854 shares worth $70,913,541. Insiders own 34.16% 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.