Dunelm Group’s (DNLM) Buy Rating Reiterated at Berenberg Bank

Berenberg Bank reaffirmed their buy rating on shares of Dunelm Group (LON:DNLM) in a research note released on Wednesday morning,Digital Look reports. The firm currently has a GBX 1,200 price target on the stock.

DNLM has been the subject of several other research reports. Deutsche Bank Aktiengesellschaft upgraded Dunelm Group to a “buy” rating and lifted their price objective for the company from GBX 850 to GBX 1,050 in a research note on Thursday, September 3rd. Shore Capital Group restated a “buy” rating and issued a GBX 1,000 price objective on shares of Dunelm Group in a report on Tuesday. Eight research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, Dunelm Group currently has a consensus rating of “Moderate Buy” and an average price target of GBX 1,111.11.

Dunelm Group Stock Up 1.0%

Shares of DNLM opened at GBX 756.96 on Wednesday. The company’s 50-day simple moving average is GBX 855.18 and its 200-day simple moving average is GBX 829.71. 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 has a 1 year low of GBX 707 and a 1 year high of GBX 1,174. The stock has a market capitalization of £1.53 billion, a PE ratio of 10.30, a P/E/G ratio of -10.32 and a beta of 0.97.

Dunelm Group (LON:DNLM) last announced 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%. Analysts forecast that Dunelm Group will post 77.0957096 earnings per share for the current fiscal year.

Insider Activity

In other Dunelm Group news, insider Alison Brittain bought 10,000 shares of the business’s stock in a transaction dated Wednesday, September 9th. The shares were acquired at an average price of GBX 732 per share, with a total value of £73,200. Also, insider Ian Bull bought 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, September 9th. The shares were acquired at an average price of GBX 748 per share, with a total value of £18,700. 34.19% of the stock is currently owned by company insiders.

Trending Headlines about Dunelm Group

Here are the key news stories impacting Dunelm Group this week:

• Positive Sentiment: Non-executive director Alison Brittain purchased 10,000 shares for approximately £73,200 at an average price of GBX 732. The sizeable investment may signal confidence that Dunelm’s recent weakness has created an attractive valuation.
• Positive Sentiment: Non-executive director Ian Bull bought 2,500 shares for £18,700 at GBX 748, providing another insider-confidence signal. Dunelm Group Insider Buying
• Positive Sentiment: Berenberg reaffirmed its “buy” rating with a GBX 1,200 target, while Shore Capital also maintained a “buy” recommendation with a GBX 1,000 target. These targets remain above the recent trading range. Berenberg Reaffirms Buy Rating
• Neutral Sentiment: Dunelm retains a “Moderate Buy” consensus, with eight analysts rating the shares “buy” and one rating them “sell.” The average target is GBX 1,111.11, suggesting substantial potential upside but also some disagreement among analysts.
• Negative Sentiment: JPMorgan reduced its target from GBX 1,225 to GBX 1,050, Deutsche Bank cut its target from GBX 1,050 to GBX 1,000, and Canaccord lowered its target from GBX 1,240 to GBX 1,185. Although the firms retained positive ratings, the cuts indicate more measured views on Dunelm’s growth or valuation. Deutsche Bank Forecast for Dunelm

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.