Dunelm Group (LON:DNLM) Shares Pass Above Two Hundred Day Moving Average – What’s Next?

Dunelm Group plc (LON:DNLM) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 1,131.81 ($14.70) and traded as high as GBX 1,206 ($15.66). Dunelm Group shares last traded at GBX 1,199 ($15.57), with a volume of 109,019 shares.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a GBX 1,060 ($13.76) price objective on shares of Dunelm Group in a research report on Thursday, September 12th. Canaccord Genuity Group restated a “buy” rating and set a GBX 1,325 ($17.20) price objective on shares of Dunelm Group in a research report on Thursday. Berenberg Bank raised their price objective on Dunelm Group from GBX 1,410 ($18.31) to GBX 1,470 ($19.09) and gave the stock a “buy” rating in a research report on Tuesday, September 17th. Shore Capital restated a “not rated” rating on shares of Dunelm Group in a research report on Thursday. Finally, JPMorgan Chase & Co. lifted their target price on Dunelm Group from GBX 1,140 ($14.80) to GBX 1,170 ($15.19) and gave the stock a “neutral” rating in a report on Tuesday, September 24th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of GBX 1,220.83 ($15.85).

Dunelm Group Stock Up 0.5 %

The company has a quick ratio of 0.16, a current ratio of 1.04 and a debt-to-equity ratio of 236.84. The stock has a 50 day simple moving average of GBX 1,209.81 and a 200 day simple moving average of GBX 1,132.22. The stock has a market cap of £2.42 billion, a price-to-earnings ratio of 1,616.22, a PEG ratio of -10.32 and a beta of 1.18.

Dunelm Group Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, November 26th. Shareholders of record on Thursday, October 31st will be paid a GBX 27.50 ($0.36) dividend. The ex-dividend date is Thursday, October 31st. This represents a yield of 2.23%. Dunelm Group’s dividend payout ratio (DPR) is presently 5,945.95%.

Insider Buying and Selling at Dunelm Group

In related news, insider Luisa Wright bought 2,452 shares of the business’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were bought at an average price of GBX 1,139 ($14.79) per share, with a total value of £27,928.28 ($36,261.08). Insiders own 34.28% of the company’s stock.

About Dunelm Group

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.