Dunelm Group’s (DNLM) Buy Rating Reiterated at Canaccord Genuity Group

Dunelm Group (LON:DNLM)‘s stock had its “buy” rating reiterated by stock analysts at Canaccord Genuity Group in a research report issued on Friday, Digital Look reports. They currently have a GBX 1,185 price objective on the stock. Canaccord Genuity Group’s price target points to a potential upside of 34.66% from the company’s previous close.

DNLM has been the topic of several other research reports. Deutsche Bank Aktiengesellschaft dropped their price target on Dunelm Group from GBX 1,050 to GBX 1,000 and set a “buy” rating on the stock in a research note on Wednesday, September 9th. Berenberg Bank restated a “buy” rating and issued a GBX 1,200 price target on shares of Dunelm Group in a report on Wednesday, September 9th. Shore Capital Group reaffirmed a “buy” rating and set a GBX 1,000 price objective on shares of Dunelm Group in a research report on Friday, September 18th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 1,030 price objective on shares of Dunelm Group in a research report on Thursday. Finally, JPMorgan Chase & Co. decreased their price objective on Dunelm Group from GBX 1,225 to GBX 1,050 and set an “overweight” rating for the company in a report on Wednesday, September 9th. Eight analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of GBX 1,106.11.

Dunelm Group Stock Up 1.8%

Dunelm Group stock opened at GBX 880 on Friday. Dunelm Group has a twelve month low of GBX 707 and a twelve month high of GBX 1,174. The company has a quick ratio of 0.16, a current ratio of 1.02 and a debt-to-equity ratio of 258.52. The company has a 50 day moving average of GBX 824.35 and a 200-day moving average of GBX 810.94. The stock has a market capitalization of £1.77 billion, a PE ratio of 11.46, a price-to-earnings-growth ratio of -10.32 and a beta of 1.03.

Dunelm Group (LON:DNLM) last posted its quarterly earnings data on Tuesday, September 8th. The company reported GBX 77 EPS for the quarter. Dunelm Group had a net margin of 8.52% and a return on equity of 99.65%. On average, equities research analysts anticipate that Dunelm Group will post 77.10 EPS for the current fiscal year.

Insider Activity

In related news, insider Clodagh Moriarty sold 47,817 shares of the firm’s stock in a transaction on Monday, September 28th. The shares were sold at an average price of GBX 800, for a total value of £382,536. Also, insider Ajay Kavan bought 3,302 shares of the stock in a transaction that occurred on Monday, September 14th. The shares were purchased at an average price of GBX 753 per share, for a total transaction of £24,864.06. In the last ninety days, insiders acquired 18,302 shares of company stock valued at $13,633,906. Corporate 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.