Dunelm Group (LON:DNLM) Stock Crosses Above Two Hundred Day Moving Average – Time to Sell?

Dunelm Group plc (LON:DNLM)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 861.52 and traded as high as GBX 867.50. Dunelm Group shares last traded at GBX 859.26, with a volume of 348,512 shares traded.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Canaccord Genuity Group cut their target price on shares of Dunelm Group from GBX 1,280 to GBX 1,240 and set a “buy” rating on the stock in a report on Friday, April 17th. Jefferies Financial Group restated a “buy” rating and set a GBX 1,075 price objective on shares of Dunelm Group in a research note on Thursday, April 16th. Berenberg Bank reduced their price objective on shares of Dunelm Group from GBX 1,425 to GBX 1,350 and set a “buy” rating for the company in a research report on Friday, April 17th. Finally, Shore Capital Group restated a “buy” rating and set a GBX 1,000 price objective on shares of Dunelm Group in a report on Thursday, July 16th. Seven investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of GBX 1,177.22.

Dunelm Group Stock Up 0.2%

The company has a quick ratio of 0.16, a current ratio of 0.83 and a debt-to-equity ratio of 175.79. The stock has a market capitalization of £1.73 billion, a price-to-earnings ratio of 11.69, a price-to-earnings-growth ratio of -10.32 and a beta of 0.96. The stock has a 50 day moving average price of GBX 798.62 and a 200 day moving average price of GBX 861.52.

Insider Buying and Selling

In other Dunelm Group news, insider Ajay Kavan acquired 3,947 shares of the stock in a transaction on Monday, May 11th. The shares were purchased at an average price of GBX 756 per share, for a total transaction of £29,839.32. Also, insider Alison Brittain bought 12,500 shares of the company’s stock in a transaction dated Thursday, May 7th. The stock was bought at an average price of GBX 764 per share, for a total transaction of £95,500. Insiders own 34.19% 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.