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 report issued on Thursday morning,Digital Look reports. They currently have a GBX 1,430 ($18.25) price objective on the stock.

A number of other research firms also recently issued reports on DNLM. Shore Capital reiterated a “not rated” rating on shares of Dunelm Group in a research note on Thursday, October 24th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a GBX 1,060 ($13.53) price target on shares of Dunelm Group in a research note on Thursday, September 12th. JPMorgan Chase & Co. boosted their target price on Dunelm Group from GBX 1,140 ($14.55) to GBX 1,170 ($14.93) and gave the stock a “neutral” rating in a research note on Tuesday, September 24th. Finally, Canaccord Genuity Group restated a “buy” rating and issued a GBX 1,325 ($16.91) target price on shares of Dunelm Group in a research note on Thursday, October 24th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Dunelm Group has an average rating of “Hold” and a consensus target price of GBX 1,237 ($15.78).

Dunelm Group Price Performance

DNLM stock opened at GBX 1,140 ($14.55) on Thursday. The company has a market capitalization of £2.31 billion, a P/E ratio of 1,532.43, a price-to-earnings-growth ratio of -10.32 and a beta of 1.18. The company has a debt-to-equity ratio of 236.84, a quick ratio of 0.16 and a current ratio of 1.04. Dunelm Group has a 52-week low of GBX 959 ($12.24) and a 52-week high of GBX 1,279 ($16.32). The business has a 50-day simple moving average of GBX 1,156.38 and a two-hundred day simple moving average of GBX 1,155.79.

Dunelm Group Cuts Dividend

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

Insider Transactions at Dunelm Group

In other news, 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 ($14.37) per share, for a total transaction of £94,302.50 ($120,329.85). Also, insider Nick Wilkinson sold 28,236 shares of the company’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of GBX 1,161 ($14.81), for a total value of £327,819.96 ($418,297.77). Company insiders own 34.28% of the company’s stock.

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.