Dunelm Group (LON:DNLM) Earns “Buy” Rating from Canaccord Genuity Group

Dunelm Group (LON:DNLM)‘s stock had its “buy” rating reiterated by Canaccord Genuity Group in a research report issued on Friday, Digital Look reports. They presently have a GBX 1,185 target price on the stock. Canaccord Genuity Group’s price target suggests a potential upside of 33.45% from the stock’s current price.

A number of other brokerages have also recently commented on DNLM. Shore Capital Group reissued a “buy” rating and issued a GBX 1,000 price objective on shares of Dunelm Group in a research note on Friday, September 18th. Deutsche Bank Aktiengesellschaft lowered their target price on Dunelm Group from GBX 1,050 to GBX 1,000 and set a “buy” rating on the stock in a research report on Wednesday, September 9th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 1,030 target price on shares of Dunelm Group in a research report on Thursday. JPMorgan Chase & Co. cut their target price on Dunelm Group from GBX 1,225 to GBX 1,050 and set an “overweight” rating on the stock in a report on Wednesday, September 9th. Finally, Berenberg Bank reissued a “buy” rating and issued a GBX 1,200 price target on shares of Dunelm Group in a research report on Wednesday, September 9th. Seven research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Dunelm Group presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 1,074.38.

Dunelm Group Trading Up 2.7%

Shares of LON:DNLM traded up GBX 23.50 during midday trading on Friday, hitting GBX 888. 919,842 shares of the stock were exchanged, compared to its average volume of 1,932,393. The business’s 50-day moving average price is GBX 824.21 and its 200 day moving average price is GBX 811.47. Dunelm Group has a 12 month low of GBX 707 and a 12 month high of GBX 1,174. The company has a debt-to-equity ratio of 258.52, a quick ratio of 0.16 and a current ratio of 1.02. The stock has a market capitalization of £1.79 billion, a price-to-earnings ratio of 11.56, a P/E/G ratio of -10.32 and a beta of 1.03.

Dunelm Group (LON:DNLM) last announced its earnings results on Tuesday, September 8th. The company reported GBX 77 earnings per share for the quarter. Dunelm Group had a net margin of 8.52% and a return on equity of 99.65%. Analysts predict that Dunelm Group will post 77.10 earnings per share for the current year.

Insider Activity

In other Dunelm Group news, insider Ajay Kavan acquired 3,302 shares of the business’s stock in a transaction on Monday, September 14th. The shares were acquired at an average price of GBX 753 per share, with a total value of £24,864.06. Also, insider Katharine Poulter acquired 2,500 shares of the business’s stock in a transaction on Thursday, September 24th. The stock was acquired at an average cost of GBX 783 per share, for a total transaction of £19,575. In the last three months, insiders purchased 18,302 shares of company stock worth $13,633,906. Company 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.