Dunelm Group (LON:DNLM) Shares Down 10.4% – Here’s What Happened

Shares of Dunelm Group plc (LON:DNLM) traded down 10.4% during trading on Wednesday . The company traded as low as GBX 1,104 ($14.94) and last traded at GBX 1,112.42 ($15.05). 888,954 shares were traded during trading, an increase of 36% from the average session volume of 653,074 shares. The stock had previously closed at GBX 1,241 ($16.79).

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Shore Capital reaffirmed a “no recommendation” rating on shares of Dunelm Group in a research note on Tuesday. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Dunelm Group from GBX 1,320 to GBX 1,360 and gave the stock a “buy” rating in a research note on Tuesday, August 26th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 1,320 price target on shares of Dunelm Group in a research note on Wednesday. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 1,480 price target on shares of Dunelm Group in a research note on Tuesday. Finally, UBS Group reaffirmed a “buy” rating and issued a GBX 1,385 price target on shares of Dunelm Group in a research note on Friday, September 5th. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 1,349.17.

Dunelm Group Trading Down 1.8%

The company has a 50 day moving average of GBX 1,189.38 and a 200-day moving average of GBX 1,104.09. The company has a debt-to-equity ratio of 236.84, a quick ratio of 0.16 and a current ratio of 1.04. The stock has a market cap of £2.21 billion, a price-to-earnings ratio of 1,466.58, a price-to-earnings-growth ratio of -10.32 and a beta of 1.18.

Dunelm Group (LON:DNLM) last posted its earnings results on Tuesday, September 9th. The company reported GBX 77.20 earnings per share (EPS) for the quarter. Dunelm Group had a return on equity of 96.64% and a net margin of 8.86%. On average, research analysts anticipate that Dunelm Group plc will post 77.0957096 earnings per share for the current year.

Insider Transactions at Dunelm Group

In related news, insider Karen Witts sold 24,277 shares of the stock in a transaction dated Monday, June 16th. The stock was sold at an average price of GBX 1,178, for a total transaction of £285,983.06. Insiders own 39.14% 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.