Dunelm Group (LON:DNLM) Stock Rating Reaffirmed as “Buy” by Canaccord Genuity Group

Dunelm Group (LON:DNLM)‘s stock had its “buy” rating reiterated by equities researchers at Canaccord Genuity Group in a report issued on Friday, Digital Look reports. They presently have a GBX 1,185 price objective on the stock. Canaccord Genuity Group’s price target would indicate a potential upside of 33.75% from the company’s previous close.

DNLM has been the topic of several other research reports. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 1,030 price objective on shares of Dunelm Group in a research note on Thursday. Shore Capital Group reissued a “buy” rating and issued a GBX 1,000 target price on shares of Dunelm Group in a research report on Friday, September 18th. JPMorgan Chase & Co. decreased their target price on Dunelm Group from GBX 1,225 to GBX 1,050 and set an “overweight” rating for the company in a research report on Wednesday, September 9th. Berenberg Bank restated a “buy” rating and issued a GBX 1,200 target price on shares of Dunelm Group in a research note on Wednesday, September 9th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Dunelm Group from GBX 1,050 to GBX 1,000 and set a “buy” rating on the stock in a research report on Wednesday, September 9th. Eight equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Dunelm Group has an average rating of “Moderate Buy” and a consensus target price of GBX 1,106.11.

Dunelm Group Stock Performance

DNLM traded up GBX 21.50 during midday trading on Friday, reaching GBX 886. The company had a trading volume of 2,065,265 shares, compared to its average volume of 1,938,120. The company has a debt-to-equity ratio of 258.52, a quick ratio of 0.16 and a current ratio of 1.02. The stock has a market cap of £1.79 billion, a PE ratio of 11.54, a P/E/G ratio of -10.32 and a beta of 1.03. Dunelm Group has a 12-month low of GBX 707 and a 12-month high of GBX 1,174. The business has a 50-day moving average price of GBX 824.35 and a two-hundred day moving average price of GBX 810.94.

Dunelm Group (LON:DNLM) last released its earnings results on Tuesday, September 8th. The company reported GBX 77 earnings per share for the quarter. Dunelm Group had a net margin of 8.52% and a return on equity of 99.65%. On average, sell-side analysts expect that Dunelm Group will post 77.10 earnings per share for the current fiscal year.

Insider Activity

In other Dunelm Group news, insider Alison Brittain bought 10,000 shares of Dunelm Group stock in a transaction dated Wednesday, September 9th. The stock was purchased at an average price of GBX 732 per share, for a total transaction of £73,200. Also, insider Clodagh Moriarty sold 47,817 shares of Dunelm Group stock in a transaction dated Monday, September 28th. The stock was sold at an average price of GBX 800, for a total transaction of £382,536. Over the last three months, insiders have purchased 18,302 shares of company stock valued at $13,633,906. 34.22% of the stock is currently owned by corporate insiders.

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.