Dunelm Group’s (DNLM) “Buy” Rating Reiterated at Berenberg Bank

Berenberg Bank reiterated their buy rating on shares of Dunelm Group (LON:DNLM) in a research report released on Thursday, Marketbeat.com reports. Berenberg Bank currently has a GBX 1,430 ($18.23) price target on the stock.

A number of other equities research analysts also recently issued reports on the company. JPMorgan Chase & Co. increased their price objective on Dunelm Group from GBX 1,140 ($14.53) to GBX 1,170 ($14.91) and gave the stock a “neutral” rating in a research report on Tuesday, September 24th. Canaccord Genuity Group reiterated a “buy” rating and set a GBX 1,325 ($16.89) price target on shares of Dunelm Group in a research report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a GBX 1,060 ($13.51) price objective on shares of Dunelm Group in a report on Thursday, September 12th. Finally, Shore Capital reaffirmed a “not rated” rating on shares of Dunelm Group in a research note on Thursday, October 24th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Dunelm Group presently has an average rating of “Hold” and a consensus target price of GBX 1,237 ($15.77).

Dunelm Group Stock Performance

Dunelm Group stock opened at GBX 1,140 ($14.53) on Thursday. The firm’s 50 day simple moving average is GBX 1,155.73 and its 200 day simple moving average is GBX 1,156.30. 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 1-year low of GBX 959 ($12.22) and a 1-year high of GBX 1,279 ($16.30). The firm has a market capitalization of £2.31 billion, a PE ratio of 1,540.54, a price-to-earnings-growth ratio of -10.32 and a beta of 1.18.

Dunelm Group Cuts Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, November 26th. Investors of record on Thursday, October 31st were issued a dividend of GBX 27.50 ($0.35) per share. The ex-dividend date was Thursday, October 31st. This represents a dividend yield of 2.23%. Dunelm Group’s dividend payout ratio is 5,945.95%.

Insider Buying and Selling

In other news, insider Nick Wilkinson sold 28,236 shares of the business’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of GBX 1,161 ($14.80), for a total value of £327,819.96 ($417,817.95). Also, insider Karen Witts bought 8,375 shares of the company’s stock in a transaction that occurred on Thursday, October 31st. The shares were bought at an average price of GBX 1,126 ($14.35) per share, with a total value of £94,302.50 ($120,191.82). 34.28% of the stock is currently owned by corporate insiders.

Dunelm Group Company Profile

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.