Dunelm Group plc (LON:DNLM) Receives Average Recommendation of “Hold” from Brokerages

Shares of Dunelm Group plc (LON:DNLM) have earned an average rating of “Hold” from the five analysts that are currently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is GBX 1,245 ($15.61).

Several research analysts have issued reports on the company. Berenberg Bank increased their price target on Dunelm Group from GBX 1,410 ($17.68) to GBX 1,470 ($18.43) and gave the stock a “buy” rating in a report on Tuesday, September 17th. Shore Capital reissued a “not rated” rating on shares of Dunelm Group in a research report on Thursday, October 24th. Canaccord Genuity Group restated a “buy” rating and set a GBX 1,325 ($16.61) price target on shares of Dunelm Group in a research note on Thursday, October 24th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a GBX 1,060 ($13.29) price objective on shares of Dunelm Group in a research note on Thursday, September 12th. Finally, JPMorgan Chase & Co. upped their target price on shares of Dunelm Group from GBX 1,140 ($14.29) to GBX 1,170 ($14.67) and gave the stock a “neutral” rating in a report on Tuesday, September 24th.

Dunelm Group Price Performance

DNLM stock opened at GBX 1,154 ($14.47) on Friday. Dunelm Group has a 1 year low of GBX 959 ($12.02) and a 1 year high of GBX 1,279 ($16.03). The stock has a market capitalization of £2.33 billion, a PE ratio of 1,559.46, a price-to-earnings-growth ratio of -10.32 and a beta of 1.18. The company’s 50-day moving average is GBX 1,169.72 and its 200-day moving average is GBX 1,148.11. The company has a debt-to-equity ratio of 236.84, a current ratio of 1.04 and a quick ratio of 0.16.

Dunelm Group Cuts Dividend

The company also recently announced a dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Thursday, October 31st will be issued a GBX 27.50 ($0.34) dividend. The ex-dividend date is Thursday, October 31st. This represents a dividend yield of 2.23%. Dunelm Group’s dividend payout ratio is currently 5,945.95%.

Insider Activity at Dunelm Group

In related news, insider Nick Wilkinson sold 28,236 shares of the stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of GBX 1,161 ($14.55), for a total transaction of £327,819.96 ($410,956.45). Also, insider Karen Witts acquired 8,375 shares of the stock in a transaction on Thursday, October 31st. The stock was bought at an average cost of GBX 1,126 ($14.12) per share, for a total transaction of £94,302.50 ($118,218.00). 34.28% of the stock is owned by insiders.

Dunelm Group Company Profile

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.