Despite its value credentials, homewares group Dunelm’s share price has been among the worst hit by jittery market sentiment.

However, last week, the store group – which floated last year – was the biggest retail riser on the main market, helped by bull notes from Landsbanki and Numis.

Landsbanki, recommending buy with a 250p price target, argued that risks were “well discounted” in the retailer’s valuation and said: “Dunelm will be a relatively robust business in the present slowdown, while offering investors exposure to a high-return growth business in the upswing of the cycle.”

The broker added: “Dunelm has low levels of operational gearing and very low levels of financial gearing, reducing sensitivity to changes in sales.”

Numis, also recommending buy with a 247p target, said that Dunelm’s reputation for good value would appeal to cash-conscious consumers and that a declining share price was unjustified given Dunelm’s resilience, highlighted by its most recent trading update and convincing strategy.