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

Dunelm Group plc (LON:DNLM) announced a dividend on Wednesday, September 11th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, October 31st will be paid 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 seen at this link.

Dunelm Group Trading Up 0.4 %

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

Insiders Place Their Bets

In related news, insider Luisa Wright purchased 2,452 shares of the firm’s stock in a transaction dated Wednesday, October 2nd. The stock was purchased at an average price of GBX 1,139 ($14.77) per share, with a total value of £27,928.28 ($36,218.75). Insiders own 34.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on DNLM shares. Berenberg Bank boosted their target price on shares of Dunelm Group from GBX 1,410 ($18.29) to GBX 1,470 ($19.06) and gave the stock a “buy” rating in a report on Tuesday, September 17th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a GBX 1,060 ($13.75) price objective on shares of Dunelm Group in a research note on Thursday, September 12th. Shore Capital reaffirmed a “not rated” rating on shares of Dunelm Group in a research note on Thursday, October 24th. JPMorgan Chase & Co. boosted 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. Finally, Canaccord Genuity Group restated a “buy” rating and set a GBX 1,325 ($17.18) price target on shares of Dunelm Group in a report on Thursday, October 24th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average 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.