Canaccord Genuity Group Lowers Dunelm Group (LON:DNLM) Price Target to GBX 1,240

Dunelm Group (LON:DNLM) had its price target cut by analysts at Canaccord Genuity Group from GBX 1,280 to GBX 1,240 in a research report issued on Friday,Digital Look reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s price target would indicate a potential upside of 50.77% from the stock’s previous close.

Several other equities research analysts also recently weighed in on DNLM. Panmure Gordon lowered their target price on shares of Dunelm Group from GBX 995 to GBX 830 and set a “sell” rating for the company in a research note on Monday, January 19th. Shore Capital Group restated a “buy” rating on shares of Dunelm Group in a research note on Thursday. Jefferies Financial Group restated a “buy” rating and issued a GBX 1,075 target price on shares of Dunelm Group in a research note on Thursday. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Dunelm Group from GBX 1,360 to GBX 1,200 and set a “buy” rating for the company in a research note on Friday, January 16th. Finally, Berenberg Bank lowered their target price on shares of Dunelm Group from GBX 1,425 to GBX 1,350 and set a “buy” rating for the company in a research note on Friday. Seven equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of GBX 1,199.44.

Dunelm Group Price Performance

Shares of DNLM opened at GBX 822.44 on Friday. The company has a market cap of £1.66 billion, a price-to-earnings ratio of 11.19, a price-to-earnings-growth ratio of -10.32 and a beta of 1.03. Dunelm Group has a twelve month low of GBX 770 and a twelve month high of GBX 1,249. The company has a quick ratio of 0.16, a current ratio of 0.83 and a debt-to-equity ratio of 175.79. The company has a 50 day moving average of GBX 886.50 and a two-hundred day moving average of GBX 1,018.31.

Dunelm Group (LON:DNLM) last announced its earnings results on Tuesday, February 10th. The company reported GBX 42 earnings per share for the quarter. Dunelm Group had a net margin of 8.29% and a return on equity of 105.88%. As a group, analysts predict that Dunelm Group will post 77.0957096 earnings per share for the current fiscal year.

Insider Activity at Dunelm Group

In related news, insider Luisa Wright acquired 2,442 shares of the stock in a transaction dated Friday, February 13th. The stock was acquired at an average cost of GBX 963 per share, for a total transaction of £23,516.46. Insiders own 34.13% of the company’s stock.

Key Dunelm Group News

Here are the key news stories impacting Dunelm Group this week:

• Positive Sentiment: Shore Capital reaffirmed its “buy” rating on Dunelm, which provides support for the stock and may limit further downside while investors reassess fundamentals. Article Title
• Positive Sentiment: Jefferies reaffirmed a “buy” rating and set a GBX 1,075 price target, signaling continued analyst conviction in medium-term recovery potential and offering a clear upside reference for investors. Article Title
• Neutral Sentiment: Aggregated DNLM coverage and headlines are being circulated on market news feeds (general share-news roundup), which keeps the stock in active trading and contributes to higher volume and volatility. DNLM Share News Today
• Negative Sentiment: Berenberg trimmed its price target from GBX 1,425 to GBX 1,350 but kept a “buy” rating — a downgrade to upside expectations that lowers the analyst-implied ceiling and can weigh on sentiment. Article Title
• Negative Sentiment: Canaccord cut its target from GBX 1,280 to GBX 1,240 while maintaining “buy” — another reduction in consensus upside that signals caution among brokers. Article Title
• Negative Sentiment: Investigative coverage reports that Dunelm shares tumbled after the company flagged slowing sales growth and a dimmed outlook — this earnings-driven disappointment is the primary negative catalyst behind recent weakness and higher trading volumes. Dunelm shares tumble as sales growth slows, outlook dims

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.

The business was founded in 1979 by the Adderley family, beginning as a curtains stall on Leicester market before expanding its store footprint.