Jefferies Financial Group Has Lowered Expectations for Dunelm Group (LON:DNLM) Stock Price

Dunelm Group (LON:DNLM) had its price target cut by Jefferies Financial Group from GBX 1,131 to GBX 1,075 in a report released on Monday,Digital Look reports. The brokerage presently has a “hold” rating on the stock. Jefferies Financial Group’s price target points to a potential upside of 13.25% from the company’s previous close.

Several other equities analysts have also recently issued reports on the company. UBS Group reiterated a “buy” rating and set a GBX 1,360 price target on shares of Dunelm Group in a research report on Friday, October 17th. Berenberg Bank decreased their target price on Dunelm Group from GBX 1,480 to GBX 1,425 and set a “buy” rating for the company in a research note on Friday. Shore Capital reiterated a “buy” rating on shares of Dunelm Group in a research report on Thursday. JPMorgan Chase & Co. upped their price target on shares of Dunelm Group from GBX 1,140 to GBX 1,240 and gave the company a “neutral” rating in a report on Tuesday, October 28th. Finally, Royal Bank Of Canada raised shares of Dunelm Group to an “outperform” rating and lifted their price objective for the stock from GBX 1,200 to GBX 1,300 in a research note on Monday, November 3rd. Six equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Dunelm Group presently has an average rating of “Moderate Buy” and a consensus target price of GBX 1,227.78.

Dunelm Group Price Performance

Shares of LON DNLM traded up GBX 1.26 during mid-day trading on Monday, reaching GBX 949.26. 445,296 shares of the company traded hands, compared to its average volume of 1,009,488. Dunelm Group has a fifty-two week low of GBX 836.61 and a fifty-two week high of GBX 1,249. The firm has a market cap of £1.91 billion, a PE ratio of 12.36, a price-to-earnings-growth ratio of -10.32 and a beta of 1.18. The stock has a fifty day simple moving average of GBX 1,110.15 and a 200-day simple moving average of GBX 1,138.71. The company has a debt-to-equity ratio of 236.84, a current ratio of 1.04 and a quick ratio of 0.16.

Insider Buying and Selling

In other news, insider Daniel Taylor bought 4,000 shares of the company’s stock in a transaction dated Monday, November 3rd. The shares were acquired at an average cost of GBX 1,163 per share, with a total value of £46,520. Also, insider Clodagh Moriarty sold 51,119 shares of the business’s stock in a transaction that occurred on Monday, October 27th. The shares were sold at an average price of GBX 1,148, for a total transaction of £586,846.12. In the last quarter, insiders have bought 17,790 shares of company stock worth $20,056,160 and have sold 61,854 shares worth $70,913,541. Company 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.