Dunelm Group (LON:DNLM) Share Price Passes Below 200 Day Moving Average – Time to Sell?

Dunelm Group plc (LON:DNLM) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 885.80 and traded as low as GBX 785. Dunelm Group shares last traded at GBX 799.50, with a volume of 400,566 shares traded.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Berenberg Bank reduced their price objective on Dunelm Group from GBX 1,425 to GBX 1,350 and set a “buy” rating for the company in a research report on Friday, April 17th. Canaccord Genuity Group cut their target price on Dunelm Group from GBX 1,280 to GBX 1,240 and set a “buy” rating on the stock in a research note on Friday, April 17th. Shore Capital Group reissued a “buy” rating on shares of Dunelm Group in a research report on Thursday, April 16th. Finally, Jefferies Financial Group restated a “buy” rating and set a GBX 1,075 price objective on shares of Dunelm Group in a research note on Thursday, April 16th. Seven investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Dunelm Group presently has an average rating of “Moderate Buy” and an average price target of GBX 1,199.44.

Dunelm Group Price Performance

The firm has a 50-day moving average of GBX 775.03 and a 200-day moving average of GBX 885.80. The company has a debt-to-equity ratio of 175.79, a quick ratio of 0.16 and a current ratio of 0.83. The firm has a market capitalization of £1.60 billion, a P/E ratio of 10.77, a PEG ratio of -10.32 and a beta of 0.96.

Insider Buying and Selling at Dunelm Group

In other Dunelm Group news, insider Alison Brittain purchased 12,500 shares of the stock in a transaction dated Thursday, May 7th. The shares were purchased at an average cost of GBX 764 per share, with a total value of £95,500. Also, insider Ajay Kavan acquired 3,947 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The shares were acquired at an average cost of GBX 756 per share, for a total transaction of £29,839.32. 34.19% 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.