JPMorgan Chase & Co. Cuts Dunelm Group (LON:DNLM) Price Target to GBX 1,050

by · The Cerbat Gem

Dunelm Group (LON:DNLM – Free Report) had its price target decreased by JPMorgan Chase & Co. from GBX 1,225 to GBX 1,050 in a research note released on Wednesday,Digital Look reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

DNLM has been the subject of several other research reports. Deutsche Bank Aktiengesellschaft raised shares of Dunelm Group to a “buy” rating and boosted their target price for the company from GBX 850 to GBX 1,050 in a research note on Thursday, September 3rd. Berenberg Bank reaffirmed a “buy” rating and set a GBX 1,200 price target on shares of Dunelm Group in a research note on Wednesday. Finally, Shore Capital Group reiterated a “buy” rating and set a GBX 1,000 price target on shares of Dunelm Group in a report on Tuesday. Eight equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Dunelm Group currently has an average rating of “Moderate Buy” and an average price target of GBX 1,111.11.

Get Our Latest Analysis on DNLM

Dunelm Group Stock Performance

LON DNLM opened at GBX 756.96 on Wednesday. The company has a quick ratio of 0.16, a current ratio of 1.02 and a debt-to-equity ratio of 258.52. Dunelm Group has a fifty-two week low of GBX 707 and a fifty-two week high of GBX 1,174. The business has a fifty day moving average of GBX 855.18 and a 200-day moving average of GBX 829.71. The stock has a market cap of £1.53 billion, a price-to-earnings ratio of 10.30, a price-to-earnings-growth ratio of -10.32 and a beta of 0.97.

Dunelm Group (LON:DNLM – Get Free Report) last posted its quarterly earnings data on Tuesday, September 8th. The company reported GBX 77 EPS for the quarter. Dunelm Group had a return on equity of 99.65% and a net margin of 8.52%. As a group, analysts predict that Dunelm Group will post 77.0957096 earnings per share for the current fiscal year.

Insider Buying and Selling at Dunelm Group

In other Dunelm Group news, insider Alison Brittain purchased 10,000 shares of the firm’s stock in a transaction on Wednesday, September 9th. The shares were purchased at an average cost of GBX 732 per share, with a total value of £73,200. Also, insider Ian Bull purchased 2,500 shares of the firm’s stock in a transaction on Wednesday, September 9th. The stock was acquired at an average cost of GBX 748 per share, for a total transaction of £18,700. 34.19% of the stock is owned by company insiders.

Key Dunelm Group News

Here are the key news stories impacting Dunelm Group this week:

  • Positive Sentiment: Non-executive director Alison Brittain purchased 10,000 shares for approximately £73,200 at an average price of GBX 732. The sizeable investment may signal confidence that Dunelm’s recent weakness has created an attractive valuation.
  • Positive Sentiment: Non-executive director Ian Bull bought 2,500 shares for £18,700 at GBX 748, providing another insider-confidence signal. Dunelm Group Insider Buying
  • Positive Sentiment: Berenberg reaffirmed its “buy” rating with a GBX 1,200 target, while Shore Capital also maintained a “buy” recommendation with a GBX 1,000 target. These targets remain above the recent trading range. Berenberg Reaffirms Buy Rating
  • Neutral Sentiment: Dunelm retains a “Moderate Buy” consensus, with eight analysts rating the shares “buy” and one rating them “sell.” The average target is GBX 1,111.11, suggesting substantial potential upside but also some disagreement among analysts.
  • Negative Sentiment: JPMorgan reduced its target from GBX 1,225 to GBX 1,050, Deutsche Bank cut its target from GBX 1,050 to GBX 1,000, and Canaccord lowered its target from GBX 1,240 to GBX 1,185. Although the firms retained positive ratings, the cuts indicate more measured views on Dunelm’s growth or valuation. Deutsche Bank Forecast for Dunelm

About Dunelm Group

(Get Free Report)

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.

The business was founded in 1979 by the Adderley family, beginning as a curtains stall on Leicester market before expanding its store footprint.

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