Dunelm Group plc (LON:DNLM) Receives GBX 1,220.83 Average Target Price from Analysts

Dunelm Group plc (LON:DNLM) has earned an average rating of “Hold” from the five ratings firms that are covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is GBX 1,245 ($16.21).

A number of research firms have weighed in on DNLM. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a GBX 1,060 ($13.80) price target on shares of Dunelm Group in a research note on Thursday, September 12th. Shore Capital reiterated a “not rated” rating on shares of Dunelm Group in a research note on Thursday, October 24th. Berenberg Bank lifted their price target on shares of Dunelm Group from GBX 1,410 ($18.35) to GBX 1,470 ($19.14) and gave the stock a “buy” rating in a research note on Tuesday, September 17th. JPMorgan Chase & Co. lifted their price objective on Dunelm Group from GBX 1,140 ($14.84) to GBX 1,170 ($15.23) and gave the company a “neutral” rating in a report on Tuesday, September 24th. Finally, Canaccord Genuity Group reissued a “buy” rating and set a GBX 1,325 ($17.25) price objective on shares of Dunelm Group in a report on Thursday, October 24th.

Insider Activity at Dunelm Group

In other Dunelm Group news, insider Karen Witts purchased 8,375 shares of the business’s stock in a transaction that occurred on Thursday, October 31st. The stock was acquired at an average cost of GBX 1,126 ($14.66) per share, with a total value of £94,302.50 ($122,757.75). In other news, insider Karen Witts acquired 8,375 shares of the company’s stock in a transaction on Thursday, October 31st. The stock was purchased at an average cost of GBX 1,126 ($14.66) per share, with a total value of £94,302.50 ($122,757.75). Also, insider Nick Wilkinson sold 28,236 shares of the business’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of GBX 1,161 ($15.11), for a total value of £327,819.96 ($426,737.78). 34.28% of the stock is currently owned by company insiders.

Dunelm Group Stock Up 1.5 %

DNLM opened at GBX 1,142 ($14.87) on Wednesday. Dunelm Group has a fifty-two week low of GBX 959 ($12.48) and a fifty-two week high of GBX 1,279 ($16.65). The company has a debt-to-equity ratio of 236.84, a current ratio of 1.04 and a quick ratio of 0.16. The firm’s fifty day moving average price is GBX 1,196.61 and its two-hundred day moving average price is GBX 1,138.07. The company has a market capitalization of £2.31 billion, a P/E ratio of 1,520.27, a P/E/G ratio of -10.32 and a beta of 1.18.

Dunelm Group Cuts Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, November 26th. Investors of record on Thursday, October 31st will be issued a GBX 27.50 ($0.36) dividend. The ex-dividend date is Thursday, October 31st. This represents a dividend yield of 2.23%. Dunelm Group’s dividend payout ratio is 5,945.95%.

About Dunelm Group

Dunelm Group plc retails homewares in the United Kingdom. The company offers furniture and beds products, which include bedroom, living room, dining room, and other furniture, as well as bed and mattresses, and sofas and armchairs; bedding products comprising bed linen, dorma, baby and kid's bedding, and duvets, pillows, and protectors; curtains and rugs; and venetian, roller, roman, vertical, and made to measure blinds.