Dunelm Group (LON:DNLM) Stock Passes Below 200 Day Moving Average – Here’s What Happened

Dunelm Group plc (LON:DNLM)’s stock price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 872.46 and traded as low as GBX 785.42. Dunelm Group shares last traded at GBX 816, with a volume of 6,254,000 shares traded.

Analyst Upgrades and Downgrades

A number of analysts have commented on DNLM shares. Shore Capital Group reissued a “buy” rating and set a GBX 1,000 price objective on shares of Dunelm Group in a report on Thursday. Berenberg Bank cut their target price on Dunelm Group from GBX 1,425 to GBX 1,350 and set a “buy” rating on the stock in a research report on Friday, April 17th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 1,075 price target on shares of Dunelm Group in a report on Thursday, April 16th. Finally, Canaccord Genuity Group lowered their price target on Dunelm Group from GBX 1,280 to GBX 1,240 and set a “buy” rating for the company in a research report on Friday, April 17th. Seven equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Dunelm Group has an average rating of “Moderate Buy” and a consensus price target of GBX 1,177.22.

Dunelm Group Stock Up 1.8%

The company has a current ratio of 0.83, a quick ratio of 0.16 and a debt-to-equity ratio of 175.79. The firm has a market capitalization of £1.77 billion, a P/E ratio of 11.92, a P/E/G ratio of -10.32 and a beta of 0.96. The stock’s 50-day simple moving average is GBX 782.29 and its 200-day simple moving average is GBX 870.67.

Insider Buying and Selling at Dunelm Group

In related news, insider Alison Brittain acquired 12,500 shares of the firm’s stock in a transaction that occurred on Thursday, May 7th. The stock was acquired at an average price of GBX 764 per share, for a total transaction of £95,500. Also, insider Ajay Kavan acquired 3,947 shares of the stock in a transaction on Monday, May 11th. The stock was bought at an average cost of GBX 756 per share, for a total transaction of £29,839.32. 34.19% of the stock is currently owned by insiders.

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.