Dunelm Group (LON:DNLM) Stock Passes Below 200-Day Moving Average – Should You Sell?

Dunelm Group plc (LON:DNLM)’s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 885.80 and traded as low as GBX 785. Dunelm Group shares last traded at GBX 799.50, with a volume of 400,566 shares trading hands.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 1,075 price target on shares of Dunelm Group in a report on Thursday, April 16th. Canaccord Genuity Group dropped their target price on shares of Dunelm Group from GBX 1,280 to GBX 1,240 and set a “buy” rating for the company in a research report on Friday, April 17th. Shore Capital Group reaffirmed a “buy” rating on shares of Dunelm Group in a research note on Thursday, April 16th. Finally, Berenberg Bank reduced their price target on shares of Dunelm Group from GBX 1,425 to GBX 1,350 and set a “buy” rating on the stock in a research report on Friday, April 17th. Seven investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Dunelm Group currently has a consensus rating of “Moderate Buy” and an average target price of GBX 1,199.44.

Dunelm Group Stock Down 1.0%

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 company has a market capitalization of £1.60 billion, a P/E ratio of 10.77, a price-to-earnings-growth ratio of -10.32 and a beta of 0.96. The company has a 50-day moving average of GBX 775.03 and a two-hundred day moving average of GBX 885.80.

Insider Buying and Selling at Dunelm Group

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