Dolby Laboratories (NYSE:DLB) Receives $95.75 Consensus Target Price from Brokerages

Key Points

• Dolby Laboratories has received a consensus rating of “Moderate Buy”, with two analysts recommending a hold and three issuing buy ratings.
• The company's stock has a current average 12-month target price of $95.75, with recent institutional investments increasing in the fourth quarter.
• Dolby recently declared a quarterly dividend of $0.33, representing an annualized yield of 1.8% and a payout ratio of 48.35%.

Shares of Dolby Laboratories (NYSE:DLB - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the five ratings firms that are covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $95.75.

DLB has been the subject of several recent research reports. Rosenblatt Securities restated a "buy" rating and issued a $95.00 price target on shares of Dolby Laboratories in a research note on Friday, August 1st. Baird R W upgraded Dolby Laboratories to a "hold" rating in a research note on Friday. Robert W. Baird initiated coverage on Dolby Laboratories in a research note on Friday. They issued a "neutral" rating and a $74.00 price target for the company. Wall Street Zen upgraded Dolby Laboratories from a "hold" rating to a "buy" rating in a research note on Saturday, August 30th. Finally, Tigress Financial upped their target price on Dolby Laboratories from $112.00 to $114.00 and gave the company a "buy" rating in a research report on Friday, August 15th.

Insiders Place Their Bets

In other news, CEO Kevin J. Yeaman sold 25,000 shares of the company's stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $72.31, for a total transaction of $1,807,750.00. Following the completion of the sale, the chief executive officer directly owned 114,725 shares in the company, valued at approximately $8,295,764.75. This represents a 17.89% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Shriram Revankar sold 7,000 shares of the company's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $74.92, for a total value of $524,440.00. Following the sale, the senior vice president owned 70,435 shares of the company's stock, valued at approximately $5,276,990.20. The trade was a 9.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 99,366 shares of company stock valued at $7,352,963. Corporate insiders own 38.39% of the company's stock.

Institutional Trading of Dolby Laboratories

Several institutional investors and hedge funds have recently modified their holdings of the business. Securian Asset Management Inc. increased its holdings in Dolby Laboratories by 3.0% in the 1st quarter. Securian Asset Management Inc. now owns 4,648 shares of the electronics maker's stock worth $373,000 after purchasing an additional 137 shares in the last quarter. Boothbay Fund Management LLC increased its holdings in Dolby Laboratories by 4.1% in the 2nd quarter. Boothbay Fund Management LLC now owns 4,020 shares of the electronics maker's stock worth $299,000 after purchasing an additional 157 shares in the last quarter. MAI Capital Management increased its holdings in Dolby Laboratories by 87.1% in the 1st quarter. MAI Capital Management now owns 348 shares of the electronics maker's stock worth $28,000 after purchasing an additional 162 shares in the last quarter. Equitable Trust Co. increased its holdings in Dolby Laboratories by 3.3% in the 2nd quarter. Equitable Trust Co. now owns 5,567 shares of the electronics maker's stock worth $413,000 after purchasing an additional 177 shares in the last quarter. Finally, Net Worth Advisory Group increased its holdings in Dolby Laboratories by 5.2% in the 1st quarter. Net Worth Advisory Group now owns 3,591 shares of the electronics maker's stock worth $288,000 after purchasing an additional 178 shares in the last quarter. 58.56% of the stock is currently owned by institutional investors.

Dolby Laboratories Price Performance

DLB traded down $1.01 during trading on Friday, hitting $72.28. The stock had a trading volume of 294,907 shares, compared to its average volume of 447,603. The company has a 50 day moving average price of $73.98 and a 200-day moving average price of $75.69. The firm has a market cap of $6.93 billion, a price-to-earnings ratio of 26.48 and a beta of 0.93. Dolby Laboratories has a one year low of $68.24 and a one year high of $89.66.

Dolby Laboratories (NYSE:DLB - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The electronics maker reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.06. The business had revenue of $315.55 million during the quarter, compared to the consensus estimate of $305.23 million. Dolby Laboratories had a return on equity of 11.52% and a net margin of 19.62%.The firm's quarterly revenue was up 9.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.71 EPS. Dolby Laboratories has set its FY 2025 guidance at 3.880-4.030 EPS. Q4 2025 guidance at 0.610-0.760 EPS. As a group, sell-side analysts predict that Dolby Laboratories will post 2.94 EPS for the current fiscal year.

Dolby Laboratories Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 20th. Stockholders of record on Tuesday, August 12th were given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date was Tuesday, August 12th. Dolby Laboratories's dividend payout ratio is presently 48.35%.

Dolby Laboratories Company Profile

Dolby Laboratories, Inc creates audio and imaging technologies that transform entertainment at the cinema, DTV transmissions and devices, mobile devices, OTT video and music services, home entertainment devices, and automobiles. The company develops and licenses its audio technologies, such as AAC & HE-AAC, a digital audio codec solution used for a range of media applications; AVC, a digital video codec with high bandwidth efficiency used in various media devices; Dolby AC-4, a digital audio coding technology that delivers new audio experiences to a range of playback devices; and Dolby Atmos technology for cinema and various media devices.