Dunelm Group (LON:DNLM) Stock Price Down 17.1% – Here’s What Happened

Dunelm Group plc (LON:DNLM)’s share price traded down 17.1% during mid-day trading on Thursday . The company traded as low as GBX 956 and last traded at GBX 969.50. Approximately 2,809,483 shares changed hands during mid-day trading, an increase of 176% from the average daily volume of 1,018,035 shares. The stock had previously closed at GBX 1,170.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Jefferies Financial Group increased their price target on shares of Dunelm Group from GBX 1,755 to GBX 1,817 and gave the stock a “hold” rating in a research note on Tuesday, October 28th. UBS Group reaffirmed a “buy” rating and issued a GBX 1,360 target price on shares of Dunelm Group in a research report on Friday, October 17th. Shore Capital began coverage on Dunelm Group in a report on Tuesday, November 11th. They issued a “buy” rating and a GBX 1,300 target price on the stock. JPMorgan Chase & Co. increased their target price on shares of Dunelm Group from GBX 1,140 to GBX 1,240 and gave the stock a “neutral” rating in a research report on Tuesday, October 28th. Finally, Royal Bank Of Canada raised shares of Dunelm Group to an “outperform” rating and lifted their price target for the company from GBX 1,200 to GBX 1,300 in a research report on Monday, November 3rd. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of GBX 1,397.13.

Dunelm Group Stock Performance

The firm has a market capitalization of £1.94 billion, a price-to-earnings ratio of 12.53, a price-to-earnings-growth ratio of -10.32 and a beta of 1.18. The company has a debt-to-equity ratio of 236.84, a quick ratio of 0.16 and a current ratio of 1.04. The stock’s fifty day moving average is GBX 1,117.28 and its two-hundred day moving average is GBX 1,142.28.

Insider Transactions at Dunelm Group

In related news, insider Luisa Wright sold 2,257 shares of the business’s stock in a transaction dated Monday, November 10th. The stock was sold at an average price of GBX 1,121, for a total value of £25,300.97. Also, insider Clodagh Moriarty sold 51,119 shares of the firm’s stock in a transaction on Monday, October 27th. The stock was sold at an average price of GBX 1,148, for a total value of £586,846.12. Over the last ninety days, insiders have acquired 17,790 shares of company stock valued at $20,056,160 and have sold 61,854 shares valued at $70,913,541. Corporate insiders own 34.16% of the company’s stock.

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.