Canaccord Genuity Group Reaffirms Buy Rating for Dunelm Group (LON:DNLM)

Dunelm Group (LON:DNLM)‘s stock had its “buy” rating reaffirmed by stock 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 target on the stock. Canaccord Genuity Group’s price target points to a potential upside of 33.45% from the company’s previous close.

A number of other brokerages have also issued reports on DNLM. Shore Capital Group reissued a “buy” rating and issued a GBX 1,000 price target on shares of Dunelm Group in a research note on Friday, September 18th. Deutsche Bank Aktiengesellschaft lowered their price target on Dunelm Group from GBX 1,050 to GBX 1,000 and set a “buy” rating for the company in a report on Wednesday, September 9th. 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. Jefferies Financial Group restated a “buy” rating and issued a GBX 1,030 target price on shares of Dunelm Group in a report on Thursday. Finally, Berenberg Bank restated a “buy” rating and issued a GBX 1,200 target price on shares of Dunelm Group in a report on Wednesday, September 9th. Seven analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, Dunelm Group has an average rating of “Moderate Buy” and an average price target of GBX 1,074.38.

Dunelm Group Trading Up 2.7%

LON DNLM traded up GBX 23.50 during mid-day trading on Friday, reaching GBX 888. 919,842 shares of the stock were exchanged, compared to its average volume of 1,932,393. Dunelm Group has a 1-year low of GBX 707 and a 1-year high of GBX 1,174. The business’s fifty day simple moving average is GBX 824.21 and its 200 day simple moving average is GBX 811.47. The stock has a market capitalization of £1.79 billion, a PE ratio of 11.56, a PEG ratio of -10.32 and a beta of 1.03. The company has a debt-to-equity ratio of 258.52, a quick ratio of 0.16 and a current ratio of 1.02.

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

Insiders Place Their Bets

In other news, insider Clodagh Moriarty sold 47,817 shares of the business’s stock in a transaction on Monday, September 28th. The shares were sold at an average price of GBX 800, for a total transaction of £382,536. Also, insider Ajay Kavan bought 3,302 shares of the firm’s stock in a transaction dated Monday, September 14th. The stock was purchased at an average price of GBX 753 per share, with a total value of £24,864.06. In the last 90 days, insiders have bought 18,302 shares of company stock worth $13,633,906. 34.22% of the stock is owned by company insiders.

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.