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

Dunelm Group plc (LON:DNLM)’s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred 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 changing hands.

Analyst Upgrades and Downgrades

DNLM has been the subject of a number of research reports. JPMorgan Chase & Co. raised their target price on Dunelm Group from GBX 1,140 ($14.80) to GBX 1,170 ($15.19) and gave the company a “neutral” rating in a research note on Tuesday, September 24th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a GBX 1,060 ($13.76) price objective on shares of Dunelm Group in a research report on Thursday, September 12th. Berenberg Bank lifted 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. Finally, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 1,325 ($17.20) price objective on shares of Dunelm Group in a research report on Tuesday, September 17th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of GBX 1,220.83 ($15.85).

Dunelm Group Trading Up 0.2 %

The company has a debt-to-equity ratio of 236.84, a quick ratio of 0.16 and a current ratio of 1.04. The business has a 50-day simple moving average of GBX 1,210.26 and a two-hundred day simple moving average of GBX 1,131.81. The stock has a market cap of £2.43 billion, a price-to-earnings ratio of 1,620.27, a P/E/G ratio of -10.32 and a beta of 1.18.

Dunelm Group Cuts Dividend

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

Insider Transactions at Dunelm Group

In other Dunelm Group news, insider Luisa Wright purchased 2,452 shares of the company’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were acquired at an average price of GBX 1,139 ($14.79) per share, for a total transaction of £27,928.28 ($36,261.08). Company 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.