Dr. Martens plc (LON:DOCS - Get Free Report)'s stock price rose 25.8% during trading on Thursday . The stock traded as high as GBX 76 ($1.03) and last traded at GBX 75.40 ($1.02). Approximately 8,364,149 shares traded hands during trading, an increase of 271% from the average daily volume of 2,253,765 shares. The stock had previously closed at GBX 59.95 ($0.81).
Wall Street Analysts Forecast Growth
Separately, Royal Bank of Canada decreased their price objective on Dr. Martens from GBX 7,000 ($94.70) to GBX 6,000 ($81.17) and set a "sector perform" rating for the company in a report on Monday, May 19th.
Get Our Latest Stock Report on DOCS
Dr. Martens Price Performance
The stock has a market cap of £795.54 million, a price-to-earnings ratio of 11.62, a price-to-earnings-growth ratio of 6.40 and a beta of 0.11. The company has a debt-to-equity ratio of 127.27, a quick ratio of 1.13 and a current ratio of 2.85. The company has a 50-day simple moving average of GBX 55.34 and a two-hundred day simple moving average of GBX 62.80.
Dr. Martens (LON:DOCS - Get Free Report) last released its earnings results on Thursday, June 5th. The company reported GBX 2.40 ($0.03) earnings per share for the quarter. Dr. Martens had a net margin of 7.89% and a return on equity of 18.91%. As a group, equities research analysts forecast that Dr. Martens plc will post 2.5809394 EPS for the current year.
Dr. Martens Cuts Dividend
The company also recently disclosed a dividend, which was paid on Tuesday, April 8th. Stockholders of record on Thursday, March 6th were paid a dividend of GBX 0.85 ($0.01) per share. The ex-dividend date was Thursday, March 6th. This represents a dividend yield of 1.47%. Dr. Martens's dividend payout ratio is presently 42.53%.
Insider Activity
In related news, insider Giles Wilson bought 32,640 shares of the business's stock in a transaction dated Tuesday, March 25th. The stock was bought at an average price of GBX 54 ($0.73) per share, for a total transaction of £17,625.60 ($23,844.16). In the last ninety days, insiders have bought 33,206 shares of company stock valued at $1,792,771. 4.36% of the stock is owned by company 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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