Stockbroker Panmure Liberum has downgraded Dunelm Group PLC (LSE:DNLM), the homewares retailer, from 'hold' to 'sell'. The broker cut its target price to 590p from 820p, implying further downside from Wednesday's closing share price of 734p.
Dunelm Group PLC (LSE:DNLM) retained UBS's backing despite earnings downgrades, with the bank highlighting the homewares retailer's lowest valuation since 2019 and scope for expansion. The shares stood at 769p, up 5% in Thursday trading, while the broker maintained its 'buy' rating and cut its target to 1,130p from 1,250p.
Dunelm Group LON: DNLM reported 3.1% sales growth for fiscal 2026, while profit before tax held steady at £211 million as the homewares retailer offset inflationary and volume-related cost pressures with productivity gains and modest gross-margin expansion.
| Specialty Retail Industry | Consumer Discretionary Sector | Clodagh Moriarty CEO | OTC PINK Exchange | 26543P103 CUSIP |
| GB Country | 11,862 Employees | 13 Mar 2026 Last Dividend | - Last Split | - IPO Date |
Dunelm Group plc is a leading retailer of homewares in the United Kingdom. Established in 1979 and headquartered in Syston, the UK, Dunelm offers a wide array of products ranging from furniture and bedding to decor and kitchen utilities. Operating through a network of stores across the country, the company also provides a comprehensive online shopping experience through its website, dunelm.com. Dunelm Group plc is committed to offering high-quality home furnishing items that cater to the tastes and needs of its diverse clientele.