Jefferies keeps GBp 1,030 target for Dunelm stock

Published on 10/20/2026 at 19:34 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Quarterly sales rose 1.1 percent to GBP 432.70 million through September 26, 2026. Dunelm stock costs EUR 10.70 on October 20, 2026.

Analyst target and trading update

Jefferies reiterated a Buy rating and set a GBp 1,030.00 target on October 15, 2026.
Dunelm reported quarterly sales of GBP 432.70 million, up 1.10 percent in the 13 weeks to September 26, 2026.
Dunelm stock costs EUR 10.70 at Lang & Schwarz on October 20, 2026 at 7:29 p.m. CEST.
The ex-dividend date is October 22, 2026, followed by the annual meeting on November 10, 2026.

Editorialfoto eines Börsenparketts mit Bildschirmen für Einzelhandelssektor-Indizes — Dunelm Group plc GB0033745292 wird editoriell auf einem Börsenparkett mit Einzelhandelssektor-Charts abgebildet, Illustration mit AI erstellt.

Jefferies reiterated a Buy rating for Dunelm and set a GBp 1,030.00 price target on October 15, 2026, according to Markets Insider. Against the LSE price of GBp 891.50 on October 20, 2026, the target stands 15.53 percent above the stock. Dunelm was trading at EUR 10.70 at Lang & Schwarz on October 20, 2026 at 7:29 p.m. CEST.

Sales recovered during the quarter

Dunelm reported sales of GBP 432.70 million for the 13 weeks to September 26, 2026, up 1.10 percent from GBP 428.10 million a year earlier, Interior Daily reported on October 20, 2026. Sales fell 3.00 percent during the first six weeks before rising 4.00 percent during the final seven weeks, while gross margin increased by 10 basis points.

Stores remain the operating test

The company said its Made to Measure business delivered double-digit growth and that it plans two store openings and several refits during the first half of its financial year. The Doncaster refit is intended to apply lessons from the St. Albans renovation, making store execution an important measure of whether investment can support sales growth.

Profit and dates set the next markers

Dunelm's fiscal 2026 total sales reached GBP 1.825 billion, while profit before tax was GBP 211.00 million, according to the company's investor materials dated October 20, 2026. The reported sales figure was 3.10 percent higher than fiscal 2025, while profit before tax was unchanged from GBP 211.00 million. The retailer's price-to-earnings ratio was 11.58 on October 20, 2026, and its dividend yield was 8.00 percent.

Simply Wall St lists October 22, 2026 as the ex-dividend date and November 10, 2026 as the annual meeting date. The next half-year results are scheduled for February 10, 2027.

How the valuation compares

Dunelm's current LSE price of GBp 891.50 sits below both the GBp 1,030.00 Jefferies target and the company's 52-week high of GBp 1,174.00. The 52-week low is GBp 707.00, leaving the share price 26.08 percent above that level. The retailer's reported fiscal 2026 sales growth is therefore being weighed against a target that implies a 15.53 percent increase from the October 20 LSE price.

Trading level and investor dates

The near-term calendar combines the October 22, 2026 ex-dividend date with the November 10, 2026 annual meeting. Dunelm's quarterly sales growth of 1.10 percent and unchanged fiscal 2026 profit before tax leave store productivity and margin delivery as the central operating measures.

Dunelm was trading at EUR 10.70 at Lang & Schwarz on October 20, 2026 at 7:29 p.m. CEST.

The further course of trading is shown by the continuously updated real-time quote of Dunelm stock.