Dunelm Group (LON:DNLM) Stock Crosses Above Two Hundred Day Moving Average of $1,121.86

Shares of Dunelm Group plc (LON:DNLM) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 1,121.86 ($15.01) and traded as high as GBX 1,165.56 ($15.59). Dunelm Group shares last traded at GBX 1,148 ($15.36), with a volume of 180,008 shares.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on DNLM shares. Canaccord Genuity Group restated a “buy” rating and set a GBX 1,325 ($17.72) price objective on shares of Dunelm Group in a research report on Tuesday, September 17th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a GBX 1,060 ($14.18) price target on shares of Dunelm Group in a report on Thursday, September 12th. Berenberg Bank lifted their price objective on Dunelm Group from GBX 1,410 ($18.86) to GBX 1,470 ($19.66) and gave the stock a “buy” rating in a report on Tuesday, September 17th. Finally, JPMorgan Chase & Co. increased 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 report on Tuesday, September 24th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Dunelm Group currently has a consensus rating of “Hold” and an average price target of GBX 1,220.83 ($16.33).

Dunelm Group Price Performance

The stock has a market capitalization of £2.32 billion, a PE ratio of 1,551.35, a price-to-earnings-growth ratio of -10.32 and a beta of 1.18. The company has a current ratio of 1.04, a quick ratio of 0.16 and a debt-to-equity ratio of 236.84. The firm has a 50 day moving average price of GBX 1,213.27 and a 200 day moving average price of GBX 1,121.86.

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 GBX 27.50 ($0.37) dividend. This represents a dividend yield of 2.23%. The ex-dividend date is Thursday, October 31st. Dunelm Group’s dividend payout ratio (DPR) is currently 5,945.95%.

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.