Dunelm Group (LON:DNLM) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

Dunelm Group plc (LON:DNLM)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 1,128.08 ($14.73) and traded as high as GBX 1,204 ($15.72). Dunelm Group shares last traded at GBX 1,204 ($15.72), with a volume of 775,551 shares changing hands.

Wall Street Analysts Forecast Growth

DNLM has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a GBX 1,060 ($13.84) price target on shares of Dunelm Group in a report on Thursday, September 12th. Berenberg Bank upped their target price on Dunelm Group from GBX 1,410 ($18.41) to GBX 1,470 ($19.20) and gave the stock a “buy” rating in a research note on Tuesday, September 17th. Canaccord Genuity Group reiterated a “buy” rating and set a GBX 1,325 ($17.30) price target on shares of Dunelm Group in a research report on Tuesday, September 17th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Dunelm Group from GBX 1,140 ($14.89) to GBX 1,170 ($15.28) and gave the stock a “neutral” rating in a research report on Tuesday, September 24th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of GBX 1,220.83 ($15.94).

Dunelm Group Stock Up 2.4 %

The stock has a 50-day simple moving average of GBX 1,207.89 and a two-hundred day simple moving average of GBX 1,129.15. 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 firm has a market cap of £2.47 billion, a PE ratio of 1,650.00, a P/E/G ratio of -10.32 and a beta of 1.18.

Dunelm Group Cuts Dividend

The company also recently announced a dividend, which will be paid on Tuesday, November 26th. Investors of record on Thursday, October 31st will be given a GBX 27.50 ($0.36) dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a yield of 2.23%. Dunelm Group’s payout ratio is 5,945.95%.

Insiders Place Their Bets

In other Dunelm Group news, insider Luisa Wright bought 2,452 shares of Dunelm Group stock in a transaction that occurred on Wednesday, October 2nd. The shares were bought at an average price of GBX 1,139 ($14.87) per share, with a total value of £27,928.28 ($36,469.42). 34.28% of the stock is owned by 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.