Dunelm Group (LON:DNLM) Trading Down 17.6% – Should You Sell?

Dunelm Group plc (LON:DNLM) fell 17.6% during mid-day trading on Thursday . The company traded as low as GBX 956 and last traded at GBX 964.15. 3,188,446 shares were traded during trading, an increase of 202% from the average session volume of 1,055,931 shares. The stock had previously closed at GBX 1,170.

Analyst Ratings Changes

DNLM has been the topic of several analyst reports. Royal Bank Of Canada raised Dunelm Group to an “outperform” rating and increased their price target for the stock from GBX 1,200 to GBX 1,300 in a research report on Monday, November 3rd. Shore Capital assumed coverage on Dunelm Group in a report on Tuesday, November 11th. They set a “buy” rating and a GBX 1,300 target price on the stock. JPMorgan Chase & Co. lifted their price target on Dunelm Group from GBX 1,140 to GBX 1,240 and gave the company a “neutral” rating in a research report on Tuesday, October 28th. UBS Group reissued a “buy” rating and issued a GBX 1,360 price target on shares of Dunelm Group in a report on Friday, October 17th. Finally, Jefferies Financial Group raised their price objective 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. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of GBX 1,397.13.

Dunelm Group Trading Down 17.7%

The stock has a market cap of £1.94 billion, a PE 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 company has a 50 day moving average of GBX 1,117.28 and a two-hundred day moving average of GBX 1,142.28.

Insiders Place Their Bets

In related news, insider Karen Witts purchased 10,790 shares of the business’s stock in a transaction that occurred on Monday, December 1st. The stock was bought at an average price of GBX 1,104 per share, with a total value of £119,121.60. Also, insider Luisa Wright sold 2,257 shares of the business’s stock in a transaction on Monday, November 10th. The stock was sold at an average price of GBX 1,121, for a total transaction of £25,300.97. In the last 90 days, insiders acquired 17,790 shares of company stock valued at $20,056,160 and sold 61,854 shares valued at $70,913,541. 34.16% of the stock is currently 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.