Dunelm Group plc Plans Dividend of GBX 27.50 (LON:DNLM)

Dunelm Group plc (LON:DNLM) announced a dividend on Wednesday, September 11th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, October 31st will be given a dividend of GBX 27.50 ($0.36) per share on Tuesday, November 26th. This represents a dividend yield of 2.23%. The ex-dividend date of this dividend is Thursday, October 31st. The official announcement can be accessed at this link.

Dunelm Group Stock Up 0.4 %

Shares of Dunelm Group stock opened at GBX 1,162 ($15.07) on Wednesday. The company has a quick ratio of 0.16, a current ratio of 1.04 and a debt-to-equity ratio of 236.84. The company has a market cap of £2.35 billion, a P/E ratio of 1,567.57, a PEG ratio of -10.32 and a beta of 1.18. The firm’s 50 day moving average price is GBX 1,206.83 and its 200-day moving average price is GBX 1,134.88. Dunelm Group has a 52-week low of GBX 959 ($12.44) and a 52-week high of GBX 1,279 ($16.59).

Insiders Place Their Bets

In other Dunelm Group news, insider Luisa Wright purchased 2,452 shares of the business’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were bought at an average price of GBX 1,139 ($14.77) per share, for a total transaction of £27,928.28 ($36,218.75). 34.28% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts have issued reports on DNLM shares. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 1,325 ($17.18) price target on shares of Dunelm Group in a report on Thursday, October 24th. JPMorgan Chase & Co. upped their target price on Dunelm Group from GBX 1,140 ($14.78) to GBX 1,170 ($15.17) and gave the company a “neutral” rating in a research report on Tuesday, September 24th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a GBX 1,060 ($13.75) price target on shares of Dunelm Group in a research note on Thursday, September 12th. Shore Capital restated a “not rated” rating on shares of Dunelm Group in a research note on Thursday, October 24th. Finally, Berenberg Bank increased their price objective on shares of Dunelm Group from GBX 1,410 ($18.29) to GBX 1,470 ($19.06) and gave the company a “buy” rating in a research report on Tuesday, September 17th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of GBX 1,220.83 ($15.83).

About Dunelm Group

Dunelm Group plc retails homewares in the United Kingdom. The company offers furniture and beds products, which include bedroom, living room, dining room, and other furniture, as well as bed and mattresses, and sofas and armchairs; bedding products comprising bed linen, dorma, baby and kid's bedding, and duvets, pillows, and protectors; curtains and rugs; and venetian, roller, roman, vertical, and made to measure blinds.