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

Shares of Dunelm Group plc (LON:DNLM) have received an average rating of “Hold” from the five analysts that are currently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is GBX 1,245 ($15.61).

DNLM has been the topic of a number of analyst reports. Shore Capital restated a “not rated” rating on shares of Dunelm Group in a research report on Thursday, October 24th. JPMorgan Chase & Co. increased their price target on Dunelm Group from GBX 1,140 ($14.29) to GBX 1,170 ($14.67) and gave the stock a “neutral” rating in a research report on Tuesday, September 24th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a GBX 1,060 ($13.29) price objective on shares of Dunelm Group in a research note on Thursday, September 12th. Canaccord Genuity Group reiterated a “buy” rating and set a GBX 1,325 ($16.61) target price on shares of Dunelm Group in a research report on Thursday, October 24th. Finally, Berenberg Bank raised 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 research report on Tuesday, September 17th.

Insiders Place Their Bets

In other Dunelm Group news, insider Karen Witts acquired 8,375 shares of Dunelm Group stock in a transaction that occurred on Thursday, October 31st. The shares were bought at an average price of GBX 1,126 ($14.12) per share, with a total value of £94,302.50 ($118,218.00). Also, insider Nick Wilkinson sold 28,236 shares of Dunelm Group stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of GBX 1,161 ($14.55), for a total value of £327,819.96 ($410,956.45). Insiders own 34.28% of the company’s stock.

Dunelm Group Price Performance

Dunelm Group stock opened at GBX 1,154 ($14.47) on Friday. The company has a market capitalization of £2.33 billion, a price-to-earnings ratio of 1,559.46, a PEG ratio of -10.32 and a beta of 1.18. The company has a current ratio of 1.04, a quick ratio of 0.16 and a debt-to-equity ratio of 236.84. Dunelm Group has a 12 month low of GBX 959 ($12.02) and a 12 month high of GBX 1,279 ($16.03). The stock’s 50 day moving average is GBX 1,169.72 and its 200-day moving average is GBX 1,148.11.

Dunelm Group Cuts Dividend

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

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.