Insider Buying: Dunelm Group plc (LON:DNLM) Insider Buys £89,319.57 in Stock

Dunelm Group plc (LON:DNLM) insider Karen Witts purchased 8,531 shares of the business’s stock in a transaction on Tuesday, November 14th. The shares were bought at an average price of GBX 1,047 ($12.86) per share, for a total transaction of £89,319.57 ($109,688.78).

Dunelm Group Stock Up 0.8 %

DNLM stock opened at GBX 1,089 ($13.37) on Friday. The firm’s fifty day simple moving average is GBX 1,046.18 and its 200-day simple moving average is GBX 1,099.48. The company has a market capitalization of £2.20 billion, a P/E ratio of 1,452.00, a price-to-earnings-growth ratio of -10.32 and a beta of 1.22. The company has a debt-to-equity ratio of 242.98, a current ratio of 1.05 and a quick ratio of 0.16. Dunelm Group plc has a 12 month low of GBX 930 ($11.42) and a 12 month high of GBX 1,335.54 ($16.40).

Dunelm Group Cuts Dividend

The company also recently declared a dividend, which will be paid on Monday, November 20th. Investors of record on Thursday, October 26th will be issued a dividend of GBX 27 ($0.33) per share. This represents a yield of 2.49%. The ex-dividend date is Thursday, October 26th. Dunelm Group’s dividend payout ratio (DPR) is presently 5,600.00%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on DNLM. Shore Capital restated a “hold” rating on shares of Dunelm Group in a research note on Thursday, October 19th. Royal Bank of Canada raised shares of Dunelm Group to a “sector perform” rating and upped their price objective for the company from GBX 1,000 ($12.28) to GBX 1,100 ($13.51) in a report on Monday, November 6th. Finally, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 1,340 ($16.46) price objective on shares of Dunelm Group in a report on Wednesday, September 13th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Dunelm Group presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,248 ($15.33).

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.