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

Dunelm Group plc (LON:DNLM)’s share price rose 12.7% during mid-day 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 traded 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 Analyst Weigh In

A number of brokerages recently issued reports on DNLM. Shore Capital reiterated a “not rated” rating on shares of Dunelm Group in a report on Thursday. Canaccord Genuity Group reiterated a “buy” rating and set a GBX 1,270 ($16.85) price target on shares of Dunelm Group in a report on Tuesday, February 11th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of GBX 1,242.50 ($16.49).

Dunelm Group Price Performance

The company has a debt-to-equity ratio of 236.84, a current ratio of 1.04 and a quick ratio of 0.16. The company has a fifty day moving average of GBX 945.11 and a 200 day moving average of GBX 1,042.47. The firm has a market capitalization of £2.16 billion, a P/E ratio of 14.23, a PEG ratio of -10.32 and a beta of 1.18.

Dunelm Group (LON:DNLM) last posted its quarterly earnings data 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%. Sell-side analysts predict that Dunelm Group plc will post 77.0957096 earnings per share for the current 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.