HSBC Holdings plc Reaffirms Buy Rating for Dunelm Group plc (DNLM)

HSBC Holdings plc restated their buy rating on shares of Dunelm Group plc (LON:DNLM) in a research report released on Wednesday. HSBC Holdings plc currently has a GBX 800 ($10.05) price target on the stock.

Several other equities research analysts have also recently issued reports on DNLM. Numis Securities Ltd upgraded Dunelm Group plc to a buy rating and set a GBX 825 ($10.37) price objective on the stock in a report on Friday, February 10th. Canaccord Genuity lowered their price objective on Dunelm Group plc from GBX 875 ($11.00) to GBX 820 ($10.31) and set a buy rating on the stock in a report on Friday, January 13th. Jefferies Group LLC cut Dunelm Group plc to an underperform rating and lowered their price objective for the stock from GBX 700 ($8.80) to GBX 650 ($8.17) in a report on Friday, January 13th. Peel Hunt reiterated a hold rating and issued a GBX 750 ($9.43) price objective on shares of Dunelm Group plc in a report on Wednesday, March 1st. Finally, Royal Bank of Canada lowered their price objective on Dunelm Group plc from GBX 750 ($9.43) to GBX 625 ($7.85) and set an underperform rating on the stock in a report on Thursday, February 9th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company. Dunelm Group plc has an average rating of Hold and a consensus price target of GBX 773 ($9.71).

Dunelm Group plc (LON:DNLM) opened at 637.50 on Wednesday. The firm’s 50-day moving average price is GBX 640.22 and its 200 day moving average price is GBX 743.73. The stock’s market capitalization is GBX 1.29 billion. Dunelm Group plc has a 12-month low of GBX 610.00 and a 12-month high of GBX 999.00.

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The business also recently announced a dividend, which will be paid on Thursday, April 13th. Stockholders of record on Thursday, March 23rd will be issued a dividend of GBX 6.50 ($0.08) per share. This represents a dividend yield of 1.04%. The ex-dividend date is Thursday, March 23rd.

In related news, insider Andy Harrison bought 31,527 shares of the stock in a transaction dated Thursday, February 9th. The shares were acquired at an average cost of GBX 625 ($7.85) per share, for a total transaction of £197,043.75 ($247,635.73). Also, insider John Browett bought 665 shares of the stock in a transaction dated Friday, February 24th. The shares were bought at an average price of GBX 639 ($8.03) per share, for a total transaction of £4,249.35 ($5,340.39). Over the last 90 days, insiders have bought 97,464 shares of company stock worth $61,052,854.

About Dunelm Group plc

Dunelm Group plc is a United Kingdom-based company, which operates in the homewares market. The Company operates through the retail of homewares in the United Kingdom segment. The Company specializes in soft furnishings and other homeware. The Company also owns Dorma brand. The Company is a homewares retailer, which provides a range of products to its customer base, under the brand name Dunelm.

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