Dunelm Group (LON:DNLM) Stock Price Passes Above Two Hundred Day Moving Average – Here’s Why

Dunelm Group plc (LON:DNLM)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 1,041.25 ($14.17) and traded as high as GBX 1,182 ($16.09). Dunelm Group shares last traded at GBX 1,167 ($15.89), with a volume of 851,572 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Shore Capital restated a “not rated” rating on shares of Dunelm Group in a research report on Thursday, April 17th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Dunelm Group currently has a consensus rating of “Moderate Buy” and an average price target of GBX 1,251 ($17.03).

Dunelm Group Stock Up 0.3%

The firm has a 50 day moving average of GBX 1,148.16 and a 200 day moving average of GBX 1,041.25. The firm has a market cap of £2.36 billion, a price-to-earnings ratio of 15.59, a PEG ratio of -10.32 and a beta of 1.18. The company has a quick ratio of 0.16, a current ratio of 1.04 and a debt-to-equity ratio of 236.84.

Insider Buying and Selling

In other news, insider Ajay Kavan acquired 2,621 shares of Dunelm Group stock in a transaction on Wednesday, May 7th. The stock was purchased at an average price of GBX 1,142 ($15.55) per share, with a total value of £29,931.82 ($40,745.74). Also, insider Karen Witts sold 24,277 shares of the firm’s stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of GBX 1,178 ($16.04), for a total value of £285,983.06 ($389,304.47). 34.28% of the stock is currently owned by insiders.

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.