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

Dunelm Group plc (LON:DNLM) shares shot up 12.7% during mid-day trading on Thursday . The company traded as high as GBX 1,074 ($14.22) and last traded at GBX 1,068.64 ($14.14). 894,765 shares changed 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 ($12.55).

Wall Street Analysts Forecast Growth

DNLM has been the topic of a number of research analyst reports. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 1,270 ($16.81) target price on shares of Dunelm Group in a report on Tuesday, February 11th. Shore Capital restated a “not rated” rating on shares of Dunelm Group in a report on Thursday. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of GBX 1,242.50 ($16.45).

Dunelm Group Trading Up 12.7 %

The company has a market cap of £2.16 billion, a P/E ratio of 14.23, 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 of GBX 943.16 and a 200 day moving average of GBX 1,042.29.

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