Dunelm Group (LON:DNLM) Trading Up 12.7% – Here’s What Happened

Dunelm Group plc (LON:DNLM)’s stock price rose 12.7% during trading on Friday . The stock traded as high as GBX 1,074 ($14.25) and last traded at GBX 1,068.64 ($14.18). Approximately 894,765 shares changed hands during mid-day trading, an increase of 2% from the average daily volume of 873,135 shares. The stock had previously closed at GBX 948 ($12.58).

Wall Street Analysts Forecast Growth

DNLM has been the topic of several research analyst reports. Shore Capital reiterated a “not rated” rating on shares of Dunelm Group in a research report on Thursday. Canaccord Genuity Group restated a “buy” rating and set a GBX 1,270 ($16.85) price objective on shares of Dunelm Group in a research report on Tuesday, February 11th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of GBX 1,242.50 ($16.49).

Dunelm Group Trading Up 12.7 %

The firm has a market capitalization of £2.16 billion, a P/E ratio of 14.23, a P/E/G 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 company’s fifty day moving average is GBX 945.11 and its 200-day moving average is GBX 1,042.47.

Dunelm Group (LON:DNLM) last issued its quarterly earnings results on Tuesday, February 11th. The company reported GBX 45.20 ($0.60) earnings per share for the quarter. Dunelm Group had a net margin of 8.86% and a return on equity of 96.64%. As a group, sell-side analysts anticipate that Dunelm Group plc will post 77.0957096 earnings per share for the current fiscal year.

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.