Dunelm Group (LON:DNLM) Price Target Cut to GBX 1,425 by Analysts at Berenberg Bank

Dunelm Group (LON:DNLM) had its price objective trimmed by Berenberg Bank from GBX 1,480 to GBX 1,425 in a research report report published on Friday, MarketBeat reports. The brokerage currently has a buy rating on the stock.

Other analysts have also recently issued research reports about the company. JPMorgan Chase & Co. upped their price target on Dunelm Group from GBX 1,140 to GBX 1,240 and gave the stock a “neutral” rating in a research report on Tuesday, October 28th. Royal Bank Of Canada raised shares of Dunelm Group to an “outperform” rating and upped their target price for the stock from GBX 1,200 to GBX 1,300 in a report on Monday, November 3rd. Jefferies Financial Group boosted their price objective on Dunelm Group from GBX 1,755 to GBX 1,817 and gave the company a “hold” rating in a research report on Tuesday, October 28th. UBS Group reissued a “buy” rating and set a GBX 1,360 target price on shares of Dunelm Group in a research note on Friday, October 17th. Finally, Shore Capital reaffirmed a “buy” rating on shares of Dunelm Group in a report on Thursday. Six equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of GBX 1,390.25.

Dunelm Group Trading Up 0.7%

Shares of Dunelm Group stock opened at GBX 948 on Friday. Dunelm Group has a 1-year low of GBX 836.61 and a 1-year high of GBX 1,249. The company’s fifty day simple moving average is GBX 1,110.15 and its 200-day simple moving average is GBX 1,139.24. The company has a debt-to-equity ratio of 236.84, a current ratio of 1.04 and a quick ratio of 0.16. The stock has a market capitalization of £1.91 billion, a PE ratio of 12.34, a P/E/G ratio of -10.32 and a beta of 1.18.

Insider Transactions at Dunelm Group

In other Dunelm Group news, insider Karen Witts bought 10,790 shares of the business’s stock in a transaction that occurred on Monday, December 1st. The stock was purchased at an average cost of GBX 1,104 per share, with a total value of £119,121.60. Also, insider Luisa Wright sold 2,257 shares of the business’s stock in a transaction on Monday, November 10th. The stock was sold at an average price of GBX 1,121, for a total transaction of £25,300.97. Over the last quarter, insiders have bought 17,790 shares of company stock valued at $20,056,160 and have sold 61,854 shares valued at $70,913,541. 34.16% of the stock is currently owned by insiders.

Dunelm Group News Roundup

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

• Positive Sentiment: Shore Capital reaffirmed a “buy” rating on Dunelm, providing some support from a retail broker and cushioning the sell?off. Shore Capital Reaffirmation
• Neutral Sentiment: Berenberg trimmed its price target from GBX 1,480 to GBX 1,425 but kept a “buy” rating — a mild downgrade in expected upside that tempers investor enthusiasm without changing the positive recommendation. Berenberg Target Cut
• Negative Sentiment: Reporting and market reaction: coverage notes Dunelm shares “tumbled” after management flagged that festive demand weakened and Q2 sales growth slowed, with full?year profit now expected at the low end of prior guidance — this operational update is the core reason for the downward pressure. Investors Chronicle: Festive Demand Hit
• Negative Sentiment: Market reaction piece reporting a steep intraday decline (about 19.5% in one report), reflecting investor selling after the trading statement and amplifying volatility. American Banking News: Trading Down
• Negative Sentiment: Earnings/forecast coverage: a detailed note warns Q2 sales growth slowed and reiterates the warning that full?year profit will sit at the low end of expectations — this is the fundamental catalyst for the sell?off. Investing.com: Q2 Sales Slow

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.