Jefferies Financial Group Upgrades Dunelm Group (LON:DNLM) to “Buy”

Dunelm Group (LON:DNLM) was upgraded by stock analysts at Jefferies Financial Group to a “buy” rating in a research note issued on Monday, Marketbeat reports. The firm currently has a GBX 1,075 price objective on the stock. Jefferies Financial Group’s price objective would indicate a potential upside of 12.04% from the stock’s previous close.

Other equities research analysts also recently issued reports about the company. Panmure Gordon dropped their price objective on Dunelm Group from GBX 995 to GBX 830 and set a “sell” rating on the stock in a report on Monday, January 19th. UBS Group restated a “buy” rating and issued a GBX 1,360 price target on shares of Dunelm Group in a research note on Friday, October 17th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Dunelm Group from GBX 1,360 to GBX 1,200 and set a “buy” rating on the stock in a report on Friday, January 16th. JPMorgan Chase & Co. increased 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 research note on Tuesday, October 28th. Finally, Royal Bank Of Canada raised shares of Dunelm Group to an “outperform” rating and boosted their target price for the stock from GBX 1,200 to GBX 1,300 in a research report on Monday, November 3rd. Seven analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Dunelm Group has a consensus rating of “Moderate Buy” and an average price target of GBX 1,216.67.

Dunelm Group Stock Performance

Shares of DNLM stock opened at GBX 959.50 on Monday. The company has a debt-to-equity ratio of 236.84, a current ratio of 1.04 and a quick ratio of 0.16. The company’s fifty day moving average price is GBX 1,055.30 and its two-hundred day moving average price is GBX 1,111.91. The firm has a market capitalization of £1.94 billion, a P/E ratio of 12.49, a P/E/G ratio of -10.32 and a beta of 1.18. Dunelm Group has a 12 month low of GBX 836.61 and a 12 month high of GBX 1,249.

Dunelm Group (LON:DNLM) last announced its earnings results on Tuesday, February 10th. The company reported GBX 42 earnings per share (EPS) for the quarter. Dunelm Group had a return on equity of 96.64% and a net margin of 8.86%. On average, research analysts anticipate that Dunelm Group will post 77.0957096 earnings per share for the current fiscal year.

Insider Activity at Dunelm Group

In other Dunelm Group news, insider Karen Witts acquired 10,790 shares of the stock in a transaction that occurred on Monday, December 1st. The stock was acquired at an average price of GBX 1,104 per share, with a total value of £119,121.60. Company insiders own 34.15% of the company’s stock.

Dunelm Group Company Profile

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.