Dunelm Group plc (LON:DNLM) Insider Acquires £27,928.28 in Stock

Dunelm Group plc (LON:DNLM) insider Luisa Wright acquired 2,452 shares of the stock in a transaction on Wednesday, October 2nd. The stock was bought at an average price of GBX 1,139 ($15.24) per share, with a total value of £27,928.28 ($37,357.25).

Dunelm Group Stock Down 0.8 %

Shares of LON:DNLM traded down GBX 9.44 ($0.13) on Wednesday, hitting GBX 1,138.56 ($15.23). 585,043 shares of the company traded hands, compared to its average volume of 352,664. The company has a market cap of £2.30 billion, a PE ratio of 1,551.35, a PEG ratio of -10.32 and a beta of 1.18. The stock has a 50 day simple moving average of GBX 1,213.27 and a 200-day simple moving average of GBX 1,121.86. Dunelm Group plc has a 52 week low of GBX 959 ($12.83) and a 52 week high of GBX 1,279 ($17.11). The company has a quick ratio of 0.16, a current ratio of 1.04 and a debt-to-equity ratio of 236.84.

Dunelm Group Cuts Dividend

The company also recently announced a dividend, which will be paid on Tuesday, November 26th. Shareholders of record on Thursday, October 31st will be issued a GBX 27.50 ($0.37) 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%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on DNLM shares. JPMorgan Chase & Co. raised their target price on Dunelm Group from GBX 1,140 ($15.25) to GBX 1,170 ($15.65) and gave the company a “neutral” rating in a research note on Tuesday, September 24th. Berenberg Bank boosted their target price on shares of Dunelm Group from GBX 1,410 ($18.86) to GBX 1,470 ($19.66) and gave the company a “buy” rating in a report on Tuesday, September 17th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a GBX 1,060 ($14.18) price target on shares of Dunelm Group in a research note on Thursday, September 12th. Finally, Canaccord Genuity Group reissued a “buy” rating and set a GBX 1,325 ($17.72) price objective on shares of Dunelm Group in a research note on Tuesday, September 17th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of GBX 1,220.83 ($16.33).

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.