Dunelm Group (LON:DNLM) Stock Crosses Above 200 Day Moving Average – Here’s What Happened

Dunelm Group plc (LON:DNLM) crossed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of GBX 814.15 and traded as high as GBX 865.50. Dunelm Group shares last traded at GBX 859, with a volume of 23,234,512 shares changing hands.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Jefferies Financial Group reissued a “buy” rating and issued a GBX 1,030 price target on shares of Dunelm Group in a research report on Thursday, October 15th. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 1,185 price objective on shares of Dunelm Group in a research report on Friday, October 16th. JPMorgan Chase & Co. lowered their price objective on Dunelm Group from GBX 1,225 to GBX 1,050 and set an “overweight” rating for the company in a research note on Wednesday, September 9th. Deutsche Bank Aktiengesellschaft dropped 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, Berenberg Bank reissued a “buy” rating and issued a GBX 1,200 target price on shares of Dunelm Group in a research note on Wednesday, September 9th. Seven research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of GBX 1,074.38.

Dunelm Group Stock Performance

The firm has a market cap of £1.73 billion, a P/E ratio of 11.18, a P/E/G 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. The business’s 50-day simple moving average is GBX 823.25 and its 200 day simple moving average is GBX 814.15.

Dunelm Group (LON:DNLM) last announced its earnings results on Tuesday, September 8th. The company reported GBX 77 earnings per share (EPS) for the quarter. Dunelm Group had a return on equity of 99.65% and a net margin of 8.52%. As a group, equities analysts predict that Dunelm Group plc will post 77.10 earnings per share for the current year.

Insider Transactions at Dunelm Group

In other news, insider Katharine Poulter bought 2,500 shares of Dunelm Group stock in a transaction dated Thursday, September 24th. The shares were purchased at an average cost of GBX 783 per share, with a total value of £19,575. Also, insider Alison Brittain acquired 10,000 shares of Dunelm Group stock in a transaction on Wednesday, September 9th. The stock was purchased at an average cost of GBX 732 per share, for a total transaction of £73,200. Over the last 90 days, insiders have purchased 18,302 shares of company stock valued at $13,633,906. 34.22% of the stock is owned by corporate 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.