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

Shore Capital Group reiterated their buy rating on shares of Dunelm Group (LON:DNLM) in a research note published on Tuesday morning, MarketBeat.com reports. Shore Capital Group currently has a GBX 1,000 price objective on the stock.

Several other research analysts have also recently weighed in on the stock. Berenberg Bank cut their price target on shares of Dunelm Group from GBX 1,332 to GBX 1,200 and set a “buy” rating on the stock in a report on Thursday, August 27th. Deutsche Bank Aktiengesellschaft upgraded shares of Dunelm Group to a “buy” rating and increased their price objective for the company from GBX 850 to GBX 1,050 in a research note on Thursday, September 3rd. Eight research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of GBX 1,111.11.

Dunelm Group Price Performance

DNLM opened at GBX 749.50 on Tuesday. Dunelm Group has a 1 year low of GBX 707 and a 1 year high of GBX 1,174. The company has a debt-to-equity ratio of 258.52, a current ratio of 1.02 and a quick ratio of 0.16. The company has a market capitalization of £1.51 billion, a price-to-earnings ratio of 10.20, a P/E/G ratio of -10.32 and a beta of 0.97. The firm’s fifty day moving average price is GBX 856.05 and its two-hundred day moving average price is GBX 830.22.

Dunelm Group (LON:DNLM) last announced its earnings results on Tuesday, September 8th. The company reported GBX 77 EPS for the quarter. Dunelm Group had a net margin of 8.52% and a return on equity of 99.65%. As a group, analysts anticipate that Dunelm Group will post 77.0957096 earnings per share for the current fiscal year.

Insider Buying and Selling at Dunelm Group

In other Dunelm Group news, insider Ian Bull acquired 2,500 shares of Dunelm Group stock in a transaction on Wednesday, September 9th. The stock was purchased at an average price of GBX 748 per share, for a total transaction of £18,700. Also, insider Alison Brittain bought 10,000 shares of the firm’s stock in a transaction dated Wednesday, September 9th. The shares were acquired at an average cost of GBX 732 per share, with a total value of £73,200. 34.19% of the stock is currently owned by insiders.

Key Stories Impacting Dunelm Group

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

• Positive Sentiment: Non-executive director Alison Brittain purchased 10,000 shares for approximately £73,200 at an average price of GBX 732. The sizable purchase may signal confidence that the recent share-price weakness has created an attractive entry point.
• Positive Sentiment: Non-executive director Ian Bull acquired 2,500 shares for £18,700 at GBX 748, further aligning senior insiders with shareholders. Dunelm Non-Executive Director Ian Bull Increases Personal Stake With Share Purchase
• Positive Sentiment: Analysts continue to support the stock: Canaccord Genuity retained a “buy” rating with a GBX 1,185 target, Shore Capital reaffirmed “buy,” and Berenberg maintained “buy” with a GBX 1,200 target. These targets remain well above the recent trading level. Shore Capital Reaffirms Buy Rating for Dunelm Group
• Neutral Sentiment: Dunelm received a consensus analyst rating of “Moderate Buy,” indicating that positive recommendations still outweigh negative views, although conviction is not uniformly strong. Dunelm Group Given Consensus Rating of Moderate Buy
• Negative Sentiment: Canaccord cut its target from GBX 1,240 to GBX 1,185, while Deutsche Bank reduced its target from GBX 1,050 to GBX 1,000 and JPMorgan lowered its target from GBX 1,225 to GBX 1,050. Although all retained positive ratings, the reductions point to more measured expectations for Dunelm’s growth or valuation.

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.