Dunelm Group (LON:DNLM) Given “Buy” Rating at Canaccord Genuity Group

Dunelm Group (LON:DNLM)‘s stock had its “buy” rating reissued by equities research analysts at Canaccord Genuity Group in a report released on Friday, October 16th, Digital Look reports. They currently have a GBX 1,185 target price on the stock. Canaccord Genuity Group‘s target price would suggest a potential upside of 37.95% from the stock’s current price.

A number of other research firms also recently weighed in on DNLM. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Dunelm Group from GBX 1,050 to GBX 1,000 and set a “buy” rating for the company in a research report on Wednesday, September 9th. JPMorgan Chase & Co. dropped their price objective on Dunelm Group from GBX 1,225 to GBX 1,050 and set an “overweight” rating on the stock in a research note on Wednesday, September 9th. Berenberg Bank reiterated a “buy” rating and issued a GBX 1,200 price objective on shares of Dunelm Group in a research note on Wednesday, September 9th. Shore Capital Group reissued a “buy” rating and set a GBX 1,000 price objective on shares of Dunelm Group in a report on Friday, September 18th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a GBX 1,030 target price on shares of Dunelm Group in a research report on Thursday, October 15th. Seven equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Dunelm Group currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 1,074.38.

Dunelm Group Stock Performance

Shares of LON:DNLM traded up GBX 2 during midday trading on Friday, reaching GBX 859. The company had a trading volume of 23,234,512 shares, compared to its average volume of 2,005,694. The company’s 50 day moving average price is GBX 823.90 and its 200 day moving average price is GBX 813.83. The company has a current ratio of 1.02, a quick ratio of 0.16 and a debt-to-equity ratio of 258.52. The stock has a market cap of £1.73 billion, a P/E ratio of 11.18, a P/E/G ratio of -10.32 and a beta of 1.03. Dunelm Group has a 52-week low of GBX 707 and a 52-week high of GBX 1,172.

Dunelm Group (LON:DNLM) last posted its quarterly 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%. As a group, sell-side analysts anticipate that Dunelm Group will post 77.10 EPS for the current fiscal year.

Insider Activity at Dunelm Group

In other Dunelm Group news, insider Ian Bull acquired 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, September 9th. The stock was bought at an average cost of GBX 748 per share, with a total value of £18,700. Also, insider Katharine Poulter acquired 2,500 shares of Dunelm Group stock in a transaction that occurred on Thursday, September 24th. The stock was acquired at an average price of GBX 783 per share, with a total value of £19,575. Insiders bought a total of 18,302 shares of company stock worth $13,633,906 in the last ninety days. Insiders own 34.22% of the company’s stock.

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.