Dunelm Group (LON:DNLM) Stock Crosses Above 200-Day Moving Average – Time to Sell?

Dunelm Group plc (LON:DNLM) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 840.01 and traded as high as GBX 899.08. Dunelm Group shares last traded at GBX 891.50, with a volume of 225,923 shares traded.

Analysts Set New Price Targets

A number of analysts have commented on DNLM shares. Berenberg Bank cut their price objective on shares of Dunelm Group from GBX 1,332 to GBX 1,200 and set a “buy” rating for the company in a report on Thursday. Shore Capital Group restated a “buy” rating and set a GBX 1,000 target price on shares of Dunelm Group in a report on Thursday, July 16th. Seven research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of GBX 1,160.56.

Dunelm Group Price Performance

The company has a debt-to-equity ratio of 175.79, a current ratio of 0.83 and a quick ratio of 0.16. The stock’s fifty day moving average is GBX 849.94 and its 200-day moving average is GBX 839.61. The stock has a market cap of £1.75 billion, a PE ratio of 11.84, a price-to-earnings-growth ratio of -10.32 and a beta of 0.97.

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.

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