Dunelm Group’s (DNLM) Buy Rating Reaffirmed at Shore Capital Group

Shore Capital Group restated their buy rating on shares of Dunelm Group (LON:DNLM) in a research note issued to investors on Thursday, MarketBeat reports. They currently have a GBX 1,000 price target on the stock.

Several other research analysts have also recently weighed in on the company. Berenberg Bank lowered their target price on Dunelm Group from GBX 1,425 to GBX 1,350 and set a “buy” rating on the stock in a report on Friday, April 17th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 1,075 price target on shares of Dunelm Group in a report on Thursday, April 16th. Finally, Canaccord Genuity Group reduced their price objective on Dunelm Group from GBX 1,280 to GBX 1,240 and set a “buy” rating on the stock in a research report on Friday, April 17th. Seven analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Dunelm Group has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,177.22.

Dunelm Group Price Performance

Shares of LON DNLM opened at GBX 857 on Thursday. The firm has a 50-day simple moving average of GBX 782.29 and a 200-day simple moving average of GBX 870.67. 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 stock has a market capitalization of £1.73 billion, a price-to-earnings ratio of 11.66, a price-to-earnings-growth ratio of -10.32 and a beta of 0.96. Dunelm Group has a 52 week low of GBX 707 and a 52 week high of GBX 1,249.

Insider Buying and Selling

In other Dunelm Group news, insider Alison Brittain acquired 12,500 shares of the stock in a transaction that occurred on Thursday, May 7th. The stock was bought at an average cost of GBX 764 per share, for a total transaction of £95,500. Also, insider Ajay Kavan bought 3,947 shares of the business’s stock in a transaction on Monday, May 11th. The shares were acquired at an average cost of GBX 756 per share, with a total value of £29,839.32. Corporate insiders own 34.19% 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.