Dr. Martens (LON:DOCS) Reaches New 1-Year High - Here's Why

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 on Friday . The stock traded as high as GBX 84 ($1.13) and last traded at GBX 83.86 ($1.13), with a volume of 1542027 shares traded. The stock had previously closed at GBX 82.60 ($1.12).

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on DOCS shares. Royal Bank Of Canada cut their price target on shares of Dr. Martens from GBX 7,000 ($94.56) to GBX 6,000 ($81.05) and set a "sector perform" rating on the stock in a report on Monday, May 19th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of Dr. Martens in a report on Friday, July 11th.

Dr. Martens Trading Up 2.1%

The company has a current ratio of 2.85, a quick ratio of 1.13 and a debt-to-equity ratio of 127.27. The company has a 50-day simple moving average of GBX 71.64 and a 200 day simple moving average of GBX 64.41. The firm has a market cap of £818.35 million, a PE ratio of 11.95, a price-to-earnings-growth ratio of 6.40 and a beta of 0.11.

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

Dr. Martens Company Profile

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.

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