Dunelm Group (LON:DNLM) Share Price Crosses Above 200 Day Moving Average – Here’s Why

Shares of Dunelm Group plc (LON:DNLM) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 1,142.12 and traded as high as GBX 1,165. Dunelm Group shares last traded at GBX 1,161.70, with a volume of 320,731 shares traded.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Shore Capital initiated coverage on shares of Dunelm Group in a research report on Tuesday, November 11th. They set a “buy” rating and a GBX 1,300 target price on the stock. Royal Bank Of Canada raised shares of Dunelm Group to an “outperform” rating and lifted their price target for the company from GBX 1,200 to GBX 1,300 in a research note on Monday, November 3rd. JPMorgan Chase & Co. upped their price objective on shares of Dunelm Group from GBX 1,140 to GBX 1,240 and gave the company a “neutral” rating in a report on Tuesday, October 28th. Jefferies Financial Group raised their target price on Dunelm Group from GBX 1,755 to GBX 1,817 and gave the company a “hold” rating in a research note on Tuesday, October 28th. Finally, UBS Group reaffirmed a “buy” rating and set a GBX 1,360 price target on shares of Dunelm Group in a research note on Friday, October 17th. Six research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of GBX 1,397.13.

Dunelm Group Stock Performance

The stock has a market cap of £2.34 billion, a price-to-earnings ratio of 15.13, a P/E/G ratio of -10.32 and a beta of 1.18. The company’s fifty day simple moving average is GBX 1,116.97 and its two-hundred day simple moving average is GBX 1,142.12. The company has a debt-to-equity ratio of 236.84, a current ratio of 1.04 and a quick ratio of 0.16.

Insider Buying and Selling at Dunelm Group

In related news, insider Luisa Wright sold 2,257 shares of the firm’s stock in a transaction dated Monday, November 10th. The shares were sold at an average price of GBX 1,121, for a total value of £25,300.97. Also, insider Karen Witts purchased 10,790 shares of the business’s stock in a transaction on Monday, December 1st. The shares were bought at an average price of GBX 1,104 per share, with a total value of £119,121.60. Over the last 90 days, insiders have purchased 17,790 shares of company stock worth $20,056,160 and have sold 61,854 shares worth $70,913,541. Insiders own 34.16% of the company’s stock.

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.

The business was founded in 1979 by the Adderley family, beginning as a curtains stall on Leicester market before expanding its store footprint.