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 equities research analysts at Canaccord Genuity Group in a note issued to investors on Friday, Digital Look reports. They presently have a GBX 1,185 price objective on the stock. Canaccord Genuity Group’s price objective points to a potential upside of 33.45% from the company’s previous close.

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

Dunelm Group Stock Up 2.7%

Shares of LON:DNLM opened at GBX 888 on Friday. Dunelm Group has a 12-month low of GBX 707 and a 12-month high of GBX 1,174. The stock has a market capitalization of £1.79 billion, a price-to-earnings ratio of 11.56, a PEG ratio of -10.32 and a beta of 1.03. The stock has a fifty day simple moving average of GBX 824.21 and a two-hundred day simple moving average of GBX 811.47. The company has a current ratio of 1.02, a quick ratio of 0.16 and a debt-to-equity ratio of 258.52.

Dunelm Group (LON:DNLM) last released its quarterly earnings data 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%. On average, research analysts anticipate that Dunelm Group will post 77.10 earnings per share for the current fiscal year.

Insider Buying and Selling at Dunelm Group

In other Dunelm Group news, insider Ian Bull bought 2,500 shares of the company’s stock in a transaction dated Wednesday, September 9th. The shares were purchased at an average cost of GBX 748 per share, for a total transaction of £18,700. Also, insider Clodagh Moriarty sold 47,817 shares of the company’s stock in a transaction on Monday, September 28th. The stock was sold at an average price of GBX 800, for a total transaction of £382,536. Over the last ninety days, insiders have acquired 18,302 shares of company stock worth $13,633,906. 34.22% of the stock is currently 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.