Dr. Martens (LON:DOCS) Trading Up 2.9% - What's Next?

Dr. Martens plc (LON:DOCS - Get Free Report)'s stock price traded up 2.9% during trading on Friday . The company traded as high as GBX 77.05 ($1.06) and last traded at GBX 77.05 ($1.06). 670,722 shares changed hands during mid-day trading, a decline of 70% from the average session volume of 2,255,542 shares. The stock had previously closed at GBX 74.85 ($1.03).

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada dropped their price objective on shares of Dr. Martens from GBX 7,000 ($96.19) to GBX 6,000 ($82.45) and set a "sector perform" rating for the company in a report on Monday, May 19th.

Dr. Martens Stock Up 2.5%

The company has a quick ratio of 1.13, a current ratio of 2.85 and a debt-to-equity ratio of 127.27. The stock has a 50-day simple moving average of GBX 63.80 and a two-hundred day simple moving average of GBX 63.78. The firm has a market cap of £747.00 million, a PE ratio of 10.91, a P/E/G ratio of 6.40 and a beta of 0.11.

Dr. Martens (LON:DOCS - Get Free Report) last announced 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 expect that Dr. Martens plc will post 2.5809394 earnings per share for the current year.

Dr. Martens Cuts Dividend

The firm also recently declared a dividend, which was paid on Tuesday, April 8th. Shareholders of record on Thursday, March 6th were paid a dividend of GBX 0.85 ($0.01) per share. This represents a dividend yield of 1.47%. The ex-dividend date of this dividend was Thursday, March 6th. Dr. Martens's dividend payout ratio (DPR) is presently 42.53%.

Dr. Martens Company Profile

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.