Dunelm Group (LON:DNLM) Reaches New 1-Year Low – Here’s What Happened

Dunelm Group plc (LON:DNLM)’s stock price hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as GBX 954.50 ($11.68) and last traded at GBX 955 ($11.69), with a volume of 1554281 shares changing hands. The stock had previously closed at GBX 1,030 ($12.61).

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on DNLM shares. Canaccord Genuity Group reiterated a “buy” rating and set a GBX 1,325 ($16.22) price objective on shares of Dunelm Group in a research note on Thursday. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 1,325 ($16.22) price target on shares of Dunelm Group in a research note on Thursday, October 24th. Berenberg Bank reiterated a “buy” rating and issued a GBX 1,430 ($17.50) price objective on shares of Dunelm Group in a report on Thursday, December 5th. JPMorgan Chase & Co. raised their target price on Dunelm Group from GBX 1,140 ($13.95) to GBX 1,170 ($14.32) and gave the company a “neutral” rating in a research note on Tuesday, September 24th. Finally, Shore Capital reiterated a “not rated” rating on shares of Dunelm Group in a research note on Thursday, October 24th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of GBX 1,251.67 ($15.32).

Dunelm Group Price Performance

The company has a market cap of £1.96 billion, a P/E ratio of 1,308.78, a P/E/G ratio of -10.32 and a beta of 1.18. The company’s 50-day moving average price is GBX 1,095.85 and its two-hundred day moving average price is GBX 1,154.84. The company has a current ratio of 1.04, a quick ratio of 0.16 and a debt-to-equity ratio of 236.84.

Insider Buying and Selling

In other news, insider Nick Wilkinson sold 28,236 shares of Dunelm Group stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of GBX 1,161 ($14.21), for a total value of £327,819.96 ($401,248.42). Also, insider Karen Witts acquired 8,375 shares of the company’s stock in a transaction that occurred on Thursday, October 31st. The shares were acquired at an average price of GBX 1,126 ($13.78) per share, for a total transaction of £94,302.50 ($115,425.34). Insiders own 34.28% 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.