Should I buy or sell Dolby Laboratories stock right now?

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Dolby Laboratories in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" DLB shares. View DLB analyst ratings or view top-rated stocks .

What is Dolby Laboratories' stock price target for 2024?

2 analysts have issued 12-month target prices for Dolby Laboratories' shares. Their DLB share price targets range from $98.00 to $116.00. On average, they expect the company's stock price to reach $107.00 in the next year. This suggests a possible upside of 23.5% from the stock's current price. View analysts price targets for DLB or view top-rated stocks among Wall Street analysts .

How have DLB shares performed in 2023?

Dolby Laboratories' stock was trading at $70.54 on January 1st, 2023. Since then, DLB stock has increased by 22.8% and is now trading at $86.61. View the best growth stocks for 2023 here .

Are investors shorting Dolby Laboratories?

Dolby Laboratories saw a increase in short interest in the month of November. As of November 15th, there was short interest totaling 1,840,000 shares, an increase of 10.8% from the October 31st total of 1,660,000 shares. Based on an average daily volume of 390,100 shares, the short-interest ratio is currently 4.7 days. Approximately 3.2% of the shares of the company are sold short. View Dolby Laboratories' Short Interest .

When is Dolby Laboratories' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 1st 2024. View our DLB earnings forecast .

How were Dolby Laboratories' earnings last quarter?

Dolby Laboratories, Inc. (NYSE:DLB) announced its quarterly earnings data on Tuesday, November, 16th. The electronics maker reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.02. The electronics maker earned $285.03 million during the quarter, compared to the consensus estimate of $299.95 million. Dolby Laboratories had a trailing twelve-month return on equity of 10.58% and a net margin of 15.44%. The company's revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.28 earnings per share.

How often does Dolby Laboratories pay dividends? What is the dividend yield for Dolby Laboratories?

Dolby Laboratories announced a quarterly dividend on Thursday, November 16th. Shareholders of record on Tuesday, November 28th will be paid a dividend of $0.30 per share on Tuesday, December 5th. This represents a $1.20 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date is Monday, November 27th. This is an increase from the stock's previous quarterly dividend of $0.27. Read our dividend analysis for DLB .

Is Dolby Laboratories a good dividend stock?

Dolby Laboratories (NYSE:DLB) pays an annual dividend of $1.20 per share and currently has a dividend yield of 1.38%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 58.25%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, DLB will have a dividend payout ratio of 40.96% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for DLB .

What ETFs hold Dolby Laboratories' stock?

ETFs with the largest weight of Dolby Laboratories (NYSE:DLB) stock in their portfolio include LeaderShares AlphaFactor Tactical Focused ETF (LSAT) , Invesco Dynamic Software ETF (PSJ) , ProShares S&P Technology Dividend Aristocrats ETF (TDV) , ALPS O'Shares U.S. Small-Cap Quality Dividend ETF (OUSM) , MUSQ Global Music Industry ETF (MUSQ) , iShares MSCI USA Small-Cap Min Vol Factor ETF (SMMV) , WisdomTree U.S. Multifactor Fund (USMF) and Vanguard U.S. Minimum Volatility ETF (VFMV) .

What guidance has Dolby Laboratories issued on next quarter's earnings?

Dolby Laboratories updated its first quarter 2024 earnings guidance on Thursday, November, 16th. The company provided earnings per share guidance of $0.80-$0.95 for the period, compared to the consensus estimate of $1.08. The company issued revenue guidance of $300.00 million-$330.00 million, compared to the consensus revenue estimate of $353.67 million.

What is Kevin J. Yeaman's approval rating as Dolby Laboratories' CEO?

253 employees have rated Dolby Laboratories Chief Executive Officer Kevin J. Yeaman on Glassdoor.com . Kevin J. Yeaman has an approval rating of 84% among the company's employees.

What other stocks do shareholders of Dolby Laboratories own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Dolby Laboratories investors own include InterDigital (IDCC) , Energy Transfer (ET) , Advanced Micro Devices (AMD) , AbbVie (ABBV) , Abbott Laboratories (ABT) , Bank of Hawaii (BOH) , Mastercard (MA) , STAG Industrial (STAG) , Comcast (CMCSA) and NVIDIA (NVDA) .

Who are Dolby Laboratories' major shareholders?

Dolby Laboratories' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Kayne Anderson Rudnick Investment Management LLC (5.49%), Morgan Stanley (5.13%), Clearbridge Investments LLC (2.65%), Ninety One UK Ltd (2.09%), Bank of New York Mellon Corp (1.97%) and Mackenzie Financial Corp (1.54%). Insiders that own company stock include Anjali Sud , Avadis Tevanian , Emily Rollins , Giles Baker , John D Couling , Kenneth D Knight, Kevin J Yeaman, Kevin J Yeaman , Lewis Chew , Mark Andrew Sherman , Peter C Gotcher, Ryan Nicholson , Simon Segars , Steven E Forshay, Steven E Forshay and Todd Pendleton . View institutional ownership trends .

How do I buy shares of Dolby Laboratories?

Shares of DLB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull , Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here .

Does Dolby Laboratories have any subsidiaries?

The following companies are subsidiares of Dolby Laboratories: Coding Technologies, Dolby International AB, Dolby Laboratories Licensing Corporation, Doremi Labs, Step Labs, and Voxeet. Read More

Dolby Laboratories Stock Price, News & Analysis (NYSE:DLB)

$86.02

-0.49 (-0.57%)

(As of 03:51 PM ET)

Compare

Today's Range: $86.01
▼
$87.78
50-Day Range: $78.28
▼
$88.71
52-Week Range: $67.44
▼
$91.01

Volume: 200,301 shs
Average Volume: 429,429 shs
Market Capitalization: $8.23 billion

P/E Ratio: 41.76
Dividend Yield: 1.40%
Price Target: $107.00

Dolby Laboratories MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 23.5% Upside
$107.00 Price Target
Short Interest: Bearish
3.15% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: -0.42
Upright™ Environmental Score
News Sentiment: -0.21
Based on 4 Articles This Week
Insider Trading: Selling Shares
$6.65 M Sold Last Quarter
Proj. Earnings Growth: 7.72%
From $2.72 to $2.93 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.41 out of 5 stars

Consumer Discretionary Sector

88th out of 276 stocks

Patent Owners & Lessors Industry

1st out of 6 stocks

2.5

Analyst's Opinion

Consensus Rating
Dolby Laboratories has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $107.00, Dolby Laboratories has a forecasted upside of 23.5% from its current price of $86.61.
Amount of Analyst Coverage
Dolby Laboratories has only been the subject of 1 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
3.15% of the float of Dolby Laboratories has been sold short.
Short Interest Ratio / Days to Cover
Dolby Laboratories has a short interest ratio ("days to cover") of 4.7.
Change versus previous month
Short interest in Dolby Laboratories has recently increased by 10.84%, indicating that investor sentiment is decreasing significantly.

2.5

Dividend Strength

Dividend Yield
Dolby Laboratories pays a meaningful dividend of 1.38%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Dolby Laboratories has only been increasing its dividend for 3 years.
Dividend Coverage
The dividend payout ratio of Dolby Laboratories is 58.25%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Dolby Laboratories will have a dividend payout ratio of 40.96% next year. This indicates that Dolby Laboratories will be able to sustain or increase its dividend.

3.5

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Dolby Laboratories has received a 41.06% net impact score from Upright. Dolby Laboratories seems to create the most significant positive value in categories "Taxes", "Jobs", and "Meaning & joy". The positive contribution in the "Meaning & joy" impact category is mostly driven by its "Digital audio workstation software", "Audio editing software", and "Cinematographic audio systems" products. See details.
Environmental Sustainability
The Environmental Impact score for Dolby Laboratories is -0.42.

1.5

News and Social Media Coverage

News Sentiment
Dolby Laboratories has a news sentiment score of -0.21. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.56 average news sentiment score of Consumer Discretionary companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for Dolby Laboratories this week, compared to 4 articles on an average week.
MarketBeat Follows
2 people have added Dolby Laboratories to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Dolby Laboratories insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $6,645,687.00 in company stock.
Percentage Held by Insiders
39.25% of the stock of Dolby Laboratories is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
56.37% of the stock of Dolby Laboratories is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Dolby Laboratories are expected to grow by 7.72% in the coming year, from $2.72 to $2.93 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Dolby Laboratories is 42.04, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 116.26.
Price to Earnings Ratio vs. Sector
The P/E ratio of Dolby Laboratories is 42.04, which means that it is trading at a more expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 17.58.
Price to Book Value per Share Ratio
Dolby Laboratories has a P/B Ratio of 3.49. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Dolby Laboratories Stock (NYSE:DLB)

Dolby Laboratories, Inc. creates audio and imaging technologies that transform entertainment and communications at the cinema, DTV transmissions and devices, mobile devices, OTT video and music services, and home entertainment devices. The company develops and licenses its audio technologies, such as AAC & HE-AAC, a digital audio codec solution used for a range of media applications; AVC, a digital video codec with high bandwidth efficiency used in various media devices; Dolby AC-4, a digital audio coding technology that delivers new audio experiences to a range of playback devices; and Dolby Atmos technology for cinema and various media devices. Its audio technologies also include DD, a digital audio coding technology that provides multichannel sound to applications; DD+, a digital audio coding technology that offers audio transmission for a range of media applications and devices; Dolby TrueHD, a digital audio coding technology providing encoding for media application; Dolby Vision, an imaging technology for cinema and media devices; Dolby Voice, an audio communications technology that emulates the in-person meeting experience; and HEVC, a digital video codec with high bandwidth efficiency for media devices. In addition, the company offers digital cinema servers, cinema processors, amplifiers, loudspeakers, and audio and imaging hardware and software products for the cinema, television, broadcast, communication, and entertainment industries. Further, it provides 3-D glasses and kits; and various services to support theatrical and television production for cinema exhibition, broadcast, and home entertainment. The company serves film studios, content creators, post-production facilities, cinema operators, broadcasters, and video game designers. It sells its products directly to the end users, as well as through dealers and distributors worldwide. Dolby Laboratories, Inc. was founded in 1965 and is headquartered in San Francisco, California.

DLB Stock Price History

30 days | 90 days | 365 days | Advanced Chart

DLB Stock News Headlines

November 27, 2023 | finance.yahoo.com

Dolby Laboratories Inc's Dividend Analysis

November 27, 2023 | americanbankingnews.com

Insider Selling: Dolby Laboratories, Inc. (NYSE:DLB) CEO Sells $3,828,720.00 in Stock

November 29, 2023 | Tomorrow Investor (Ad)

The Only Practical Solution to the World’s Looming Energy Crisis

There’s just one problem: There are more plans for new uses of nuclear than there is uranium to fuel the plants!

November 22, 2023 | finance.yahoo.com

Dolby Laboratories, Inc. (NYSE:DLB) Looks Interesting, And It's About To Pay A Dividend

November 20, 2023 | finance.yahoo.com

Dolby Laboratories (NYSE:DLB) Is Increasing Its Dividend To $0.30

November 19, 2023 | americanbankingnews.com

Dolby Laboratories (NYSE:DLB) Rating Reiterated by Rosenblatt Securities

November 19, 2023 | americanbankingnews.com

Dolby Laboratories, Inc. (NYSE:DLB) Short Interest Update

November 19, 2023 | americanbankingnews.com

Dolby Laboratories (NYSE:DLB) Shares Gap Down to $87.77

November 29, 2023 | Tomorrow Investor (Ad)

The Only Practical Solution to the World’s Looming Energy Crisis

There’s just one problem: There are more plans for new uses of nuclear than there is uranium to fuel the plants!

November 17, 2023 | finanznachrichten.de

Dolby Laboratories, Inc.: Dolby Laboratories Reports Fourth Quarter and Fiscal Year 2023 Financial Results

November 17, 2023 | markets.businessinsider.com

Why Dolby Laboratories Shares Are Trading Lower By Around 8%? Here Are Other Stocks Moving In Friday's Mid-Day Session

November 17, 2023 | finance.yahoo.com

Dolby and Ed Sheeran celebrate the transformative experience of Dolby Atmos Music in new "Love More" global brand campaign

November 17, 2023 | finance.yahoo.com

Q4 2023 Dolby Laboratories Inc Earnings Call

November 17, 2023 | finance.yahoo.com

Dolby Laboratories, Inc. (NYSE:DLB) Q4 2023 Earnings Call Transcript

November 16, 2023 | ca.investing.com

Dolby Laboratories reports Q4 beat, but shares drop 4% on weak guidance