Ajay Kavan Buys 2,471 Shares of Dunelm Group plc (LON:DNLM) Stock

Dunelm Group plc (LON:DNLM) insider Ajay Kavan acquired 2,471 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The stock was bought at an average price of GBX 1,012 ($12.71) per share, with a total value of £25,006.52 ($31,415.23).

Dunelm Group Trading Down 0.5 %

Dunelm Group stock opened at GBX 1,005 ($12.63) on Wednesday. The firm has a market cap of £2.03 billion, a price-to-earnings ratio of 1,384.93, a price-to-earnings-growth ratio of -10.32 and a beta of 1.09. Dunelm Group plc has a 1 year low of GBX 959 ($12.05) and a 1 year high of GBX 1,335.54 ($16.78). The firm’s 50 day moving average price is GBX 1,077.80 and its two-hundred day moving average price is GBX 1,074.97. The company has a debt-to-equity ratio of 169.49, a quick ratio of 0.16 and a current ratio of 1.06.

Dunelm Group Increases Dividend

The business also recently announced a dividend, which was paid on Tuesday, April 9th. Stockholders of record on Thursday, March 14th were given a dividend of GBX 51 ($0.64) per share. The ex-dividend date was Thursday, March 14th. This is a positive change from Dunelm Group’s previous dividend of $27.00. This represents a dividend yield of 4.7%. Dunelm Group’s payout ratio is 5,890.41%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on DNLM. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 1,200 ($15.08) price target on shares of Dunelm Group in a research note on Thursday, April 18th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 1,410 ($17.71) target price on shares of Dunelm Group in a research note on Thursday, April 18th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of GBX 1,189 ($14.94).

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.