Dunelm Group (LON:DNLM) Trading 12.7% Higher – Time to Buy?

Shares of Dunelm Group plc (LON:DNLM) shot up 12.7% on Friday . The stock traded as high as GBX 1,074 ($14.28) and last traded at GBX 1,068.64 ($14.21). 894,765 shares traded hands during mid-day trading, an increase of 2% from the average session volume of 873,135 shares. The stock had previously closed at GBX 948 ($12.60).

Analysts Set New Price Targets

Several brokerages have commented on DNLM. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 1,270 ($16.89) price objective on shares of Dunelm Group in a research report on Tuesday, February 11th. Shore Capital restated a “not rated” rating on shares of Dunelm Group in a research report on Thursday. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of GBX 1,251 ($16.63).

Dunelm Group Stock Up 12.7 %

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 947.03 and a two-hundred day simple moving average of GBX 1,041.14. The firm has a market cap of £2.16 billion, a PE ratio of 14.23, a P/E/G ratio of -10.32 and a beta of 1.18.

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

Dunelm Group Company Profile

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.