Dunelm Group plc (LON:DNLM) Receives Consensus Rating of “Hold” from Analysts

Dunelm Group plc (LON:DNLM) has received an average rating of “Hold” from the five analysts that are presently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is GBX 1,245 ($16.21).

DNLM has been the subject of several research analyst reports. Canaccord Genuity Group reissued a “buy” rating and issued a GBX 1,325 ($17.25) price target on shares of Dunelm Group in a report on Thursday, October 24th. Shore Capital reaffirmed a “not rated” rating on shares of Dunelm Group in a research report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a GBX 1,060 ($13.80) price objective on shares of Dunelm Group in a research report on Thursday, September 12th. JPMorgan Chase & Co. boosted their price objective on shares of Dunelm Group from GBX 1,140 ($14.84) to GBX 1,170 ($15.23) and gave the company a “neutral” rating in a research report on Tuesday, September 24th. Finally, Berenberg Bank boosted their price objective on shares of Dunelm Group from GBX 1,410 ($18.35) to GBX 1,470 ($19.14) and gave the company a “buy” rating in a research report on Tuesday, September 17th.

Dunelm Group Price Performance

Shares of DNLM stock opened at GBX 1,142 ($14.87) on Wednesday. Dunelm Group has a 12-month low of GBX 959 ($12.48) and a 12-month high of GBX 1,279 ($16.65). The firm has a market capitalization of £2.31 billion, a price-to-earnings ratio of 1,520.27, a price-to-earnings-growth ratio of -10.32 and a beta of 1.18. The company has a quick ratio of 0.16, a current ratio of 1.04 and a debt-to-equity ratio of 236.84. The firm has a fifty day moving average of GBX 1,196.61 and a 200-day moving average of GBX 1,138.07.

Dunelm Group Cuts Dividend

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

Insiders Place Their Bets

In other Dunelm Group news, insider Karen Witts purchased 8,375 shares of the business’s stock in a transaction on Thursday, October 31st. The shares were purchased 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 bought 8,375 shares of the company’s stock in a transaction dated Thursday, October 31st. The shares were bought 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 Luisa Wright bought 2,452 shares of the company’s stock in a transaction dated Wednesday, October 2nd. The stock was purchased at an average cost of GBX 1,139 ($14.83) per share, for a total transaction of £27,928.28 ($36,355.48). Insiders own 34.28% of the company’s stock.

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.