Dunelm Group (LON:DNLM) Shares Up 12.7% – Here’s Why

Dunelm Group plc (LON:DNLM)’s share price rose 12.7% during mid-day trading on Thursday . The company traded as high as GBX 1,074 ($14.25) and last traded at GBX 1,068.64 ($14.18). Approximately 894,765 shares were traded during mid-day trading, an increase of 2% from the average daily volume of 873,135 shares. The stock had previously closed at GBX 948 ($12.58).

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on DNLM shares. Shore Capital reissued a “not rated” rating on shares of Dunelm Group in a research note on Thursday. Canaccord Genuity Group restated a “buy” rating and issued a GBX 1,270 ($16.85) price objective on shares of Dunelm Group in a report on Tuesday, February 11th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of GBX 1,242.50 ($16.49).

Dunelm Group Stock Performance

The stock has a 50 day simple moving average of GBX 945.11 and a 200 day simple moving average of GBX 1,042.47. 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 company has a market cap of £2.16 billion, a price-to-earnings ratio of 14.23, a PEG ratio of -10.32 and a beta of 1.18.

Dunelm Group (LON:DNLM) last released its quarterly earnings results on Tuesday, February 11th. The company reported GBX 45.20 ($0.60) earnings per share for the quarter. Dunelm Group had a return on equity of 96.64% and a net margin of 8.86%. As a group, analysts predict that Dunelm Group plc will post 77.0957096 EPS for the current year.

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.