Dunelm Group (LON:DNLM) Stock Rating Reaffirmed as “Buy” by Canaccord Genuity Group

Dunelm Group (LON:DNLM)‘s stock had its “buy” rating reaffirmed by investment analysts at Canaccord Genuity Group in a research report issued to clients and investors on Friday, Digital Look reports. They currently have a GBX 1,185 price objective on the stock. Canaccord Genuity Group’s price objective points to a potential upside of 35.27% from the company’s previous close.

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

Dunelm Group Price Performance

Dunelm Group stock traded down GBX 12 during mid-day trading on Friday, hitting GBX 876. 1,656,693 shares of the company were exchanged, compared to its average volume of 1,931,022. The company has a market capitalization of £1.77 billion, a PE ratio of 11.41, a price-to-earnings-growth ratio of -10.32 and a beta of 1.03. Dunelm Group has a 1-year low of GBX 707 and a 1-year 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 business has a fifty day moving average of GBX 824.21 and a 200 day moving average of GBX 811.70.

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 return on equity of 99.65% and a net margin of 8.52%. As a group, sell-side analysts expect that Dunelm Group will post 77.10 earnings per share for the current year.

Insiders Place Their Bets

In other Dunelm Group news, insider Clodagh Moriarty sold 47,817 shares of the stock in a transaction dated Monday, September 28th. The stock was sold at an average price of GBX 800, for a total transaction of £382,536. Also, insider Alison Brittain bought 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 9th. The stock was purchased at an average price of GBX 732 per share, with a total value of £73,200. Insiders purchased a total of 18,302 shares of company stock worth $13,633,906 in the last ninety days. 34.22% of the stock is owned by insiders.

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.