Dr. Martens (LON:DOCS) Reaches New 52-Week High - Should You Buy?

Key Points

• Dr. Martens' stock reached a new 52-week high, trading at GBX 84 ($1.13), signaling positive performance with over 1.5 million shares traded.
• Equities analysts have adjusted their price targets, with Royal Bank of Canada lowering its target for Dr. Martens from GBX 7,000 ($94.56) to GBX 6,000 ($81.05).
• The company reported a quarterly EPS of GBX 2.40 ($0.03) and forecasts earnings of 2.58 for the current fiscal year.

Dr. Martens plc (LON:DOCS - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as GBX 84 ($1.12) and last traded at GBX 83.86 ($1.12), with a volume of 1542027 shares traded. The stock had previously closed at GBX 82.60 ($1.10).

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on DOCS. Deutsche Bank Aktiengesellschaft restated a "hold" rating on shares of Dr. Martens in a research report on Friday, July 11th. Royal Bank Of Canada reduced their price objective on shares of Dr. Martens from GBX 7,000 ($93.52) to GBX 6,000 ($80.16) and set a "sector perform" rating on the stock in a research note on Monday, May 19th.

Dr. Martens Trading Down 1.5%

The company has a market capitalization of £782.44 million, a P/E ratio of 11.43, a PEG ratio of 6.40 and a beta of 0.11. The business has a fifty day moving average of GBX 72.59 and a 200-day moving average of GBX 64.50. The company has a debt-to-equity ratio of 127.27, a quick ratio of 1.13 and a current ratio of 2.85.

Dr. Martens (LON:DOCS - Get Free Report) last posted its quarterly earnings data on Thursday, June 5th. The company reported GBX 2.40 ($0.03) earnings per share (EPS) for the quarter. Dr. Martens had a net margin of 7.89% and a return on equity of 18.91%. Analysts anticipate that Dr. Martens plc will post 2.5809394 earnings per share for the current fiscal year.

About Dr. Martens

Founded in 1960, Dr. Martens is an iconic British brand with a global presence. “Docs” or “DMs” were originally produced for their durability for workers, before being adopted by diverse youth subcultures and associated musical movements. Today, Dr. Martens has transcended its roots while still celebrating its proud history.