Dunelm Group (LON:DNLM) Stock Price Down 19.5% – Here’s What Happened

Dunelm Group plc (LON:DNLM)’s stock price traded down 19.5% during trading on Thursday . The company traded as low as GBX 941.50 and last traded at GBX 941.50. 3,357,217 shares changed hands during trading, an increase of 213% from the average session volume of 1,072,808 shares. The stock had previously closed at GBX 1,170.

Key Dunelm Group News

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

• Positive Sentiment: Shore Capital reaffirmed a “buy” on Dunelm, providing some analyst support that could limit downside if operational trends stabilise. Article Title
• Positive Sentiment: A technical note flagged that Dunelm’s share price crossed above its 200-day moving average, a bullish signal that may attract momentum or long-term technical buyers. Article Title
• Negative Sentiment: Investors Chronicle reports Dunelm shares tumbled after weaker festive-season demand, highlighting softer consumer spending in key categories that hit top-line momentum. Article Title
• Negative Sentiment: Company trading update: Q2 sales growth slowed and management warned full-year profit is likely at the low end of previous expectations — the primary driver of today’s heavy selling pressure. Article Title

Analyst Ratings Changes

Several brokerages have recently issued reports on DNLM. Royal Bank Of Canada upgraded Dunelm Group to an “outperform” rating and upped their price objective for the company from GBX 1,200 to GBX 1,300 in a research report on Monday, November 3rd. Jefferies Financial Group raised their price target on shares of Dunelm Group from GBX 1,755 to GBX 1,817 and gave the stock a “hold” rating in a research note on Tuesday, October 28th. JPMorgan Chase & Co. lifted their price target on shares of Dunelm Group from GBX 1,140 to GBX 1,240 and gave the stock a “neutral” rating in a report on Tuesday, October 28th. UBS Group reaffirmed a “buy” rating and issued a GBX 1,360 target price on shares of Dunelm Group in a research note on Friday, October 17th. Finally, Shore Capital reiterated a “buy” rating on shares of Dunelm Group in a report on Thursday. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of GBX 1,397.13.

Dunelm Group Price Performance

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 company has a market cap of £1.90 billion, a PE ratio of 12.26, a P/E/G ratio of -10.32 and a beta of 1.18. The company has a 50-day moving average price of GBX 1,117.28 and a two-hundred day moving average price of GBX 1,142.28.

Insider Activity

In other news, insider Clodagh Moriarty sold 51,119 shares of the firm’s stock in a transaction dated Monday, October 27th. The stock was sold at an average price of GBX 1,148, for a total transaction of £586,846.12. Also, insider Daniel Taylor purchased 4,000 shares of Dunelm Group stock in a transaction that occurred on Monday, November 3rd. The stock was acquired at an average cost of GBX 1,163 per share, with a total value of £46,520. In the last three months, insiders acquired 17,790 shares of company stock valued at $20,056,160 and sold 61,854 shares valued at $70,913,541. Corporate insiders own 34.16% 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.

The business was founded in 1979 by the Adderley family, beginning as a curtains stall on Leicester market before expanding its store footprint.