Dr. Martens plc (LON:DOCS - Get Free Report) shares were up 18.8% on Thursday . The company traded as high as GBX 74.30 ($1.01) and last traded at GBX 71.25 ($0.96). Approximately 6,397,914 shares changed hands during trading, an increase of 186% from the average daily volume of 2,235,389 shares. The stock had previously closed at GBX 59.95 ($0.81).
Analyst Upgrades and Downgrades
Separately, Royal Bank of Canada reduced their target price on shares of Dr. Martens from GBX 7,000 ($94.75) to GBX 6,000 ($81.21) and set a "sector perform" rating for the company in a report on Monday, May 19th.
Get Our Latest Stock Analysis on DOCS
Dr. Martens Trading Up 8.7%
The firm has a market cap of £795.54 million, a PE ratio of 11.62, a PEG ratio of 6.40 and a beta of 0.11. The business has a 50-day moving average price of GBX 55.34 and a two-hundred day moving average price of GBX 62.91. The company has a debt-to-equity ratio of 127.27, a current ratio of 2.85 and a quick ratio of 1.13.
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) earnings per share for the quarter. Dr. Martens had a return on equity of 18.91% and a net margin of 7.89%. Analysts forecast that Dr. Martens plc will post 2.5809394 EPS for the current year.
Dr. Martens Cuts Dividend
The firm also recently declared a dividend, which was paid on Tuesday, April 8th. Stockholders of record on Thursday, March 6th were paid a GBX 0.85 ($0.01) dividend. The ex-dividend date was Thursday, March 6th. This represents a dividend yield of 1.47%. Dr. Martens's payout ratio is 42.53%.
Insider Activity at Dr. Martens
In related news, insider Giles Wilson acquired 32,640 shares of the stock in a transaction dated Tuesday, March 25th. The shares were acquired at an average price of GBX 54 ($0.73) per share, with a total value of £17,625.60 ($23,857.07). Insiders bought 33,206 shares of company stock valued at $1,792,771 over the last 90 days. 4.36% of the stock is currently owned by corporate insiders.
About Dr. Martens
(
Get Free Report)
Dr. Martens is an iconic British brand founded in 1960 in Northamptonshire. Originally produced for workers looking
for tough, durable boots, the brand was quickly adopted by diverse youth subcultures and associated musical
movements. Dr. Martens have since transcended their working-class roots while still celebrating their proud heritage
and, six decades later, “Docs” or “DMs” are worn by people around the world who use them as a symbol of
empowerment and their own individual attitude.
The Company successfully listed on the main market of the London Stock Exchange on 29 January 2021 (DOCS.L) and
is a constituent of the FTSE 250 index.
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