Dunelm Group (LON:DNLM) Shares Up 12.7% – Time to Buy?

Dunelm Group plc (LON:DNLM) shares shot up 12.7% during trading on Thursday . The stock traded as high as GBX 1,074 ($14.22) and last traded at GBX 1,068.64 ($14.14). 894,765 shares were traded during mid-day trading, an increase of 2% from the average session volume of 873,135 shares. The stock had previously closed at GBX 948 ($12.55).

Analyst Upgrades and Downgrades

Several brokerages recently commented on DNLM. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 1,270 ($16.81) target price on shares of Dunelm Group in a research note on Tuesday, February 11th. Shore Capital reiterated a “not rated” rating on shares of Dunelm Group in a report on Thursday. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of GBX 1,242.50 ($16.45).

Dunelm Group Price Performance

The stock has a market cap of £2.16 billion, a PE ratio of 14.23, a P/E/G ratio of -10.32 and a beta of 1.18. The business has a fifty day simple moving average of GBX 943.16 and a two-hundred day simple moving average of GBX 1,042.29. The company has a current ratio of 1.04, a quick ratio of 0.16 and a debt-to-equity ratio of 236.84.

Dunelm Group (LON:DNLM) last announced its quarterly earnings data on Tuesday, February 11th. The company reported GBX 45.20 ($0.60) EPS for the quarter. Dunelm Group had a return on equity of 96.64% and a net margin of 8.86%. Research analysts forecast that Dunelm Group plc will post 77.0957096 earnings per share for the current year.

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.