Dr. Martens (LON:DOCS) Trading Down 9.6% – What’s Next?

Shares of Dr. Martens plc (LON:DOCS) fell 9.6% on Friday . The stock traded as low as GBX 72.30 and last traded at GBX 73.80. 4,733,644 shares were traded during mid-day trading, an increase of 115% from the average session volume of 2,203,986 shares. The stock had previously closed at GBX 81.60.

Analysts Set New Price Targets

Separately, Peel Hunt reissued a “buy” rating on shares of Dr. Martens in a report on Thursday. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Dr. Martens currently has a consensus rating of “Hold” and an average target price of GBX 6,000.

Dr. Martens Trading Down 1.6%

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 business has a 50 day simple moving average of GBX 90.30 and a 200-day simple moving average of GBX 80.31. The stock has a market capitalization of £702.04 million, a P/E ratio of 145.30, a price-to-earnings-growth ratio of 6.40 and a beta of 0.11.

Dr. Martens (LON:DOCS) last released its quarterly earnings data on Thursday, November 20th. The company reported GBX (0.90) earnings per share for the quarter. Dr. Martens had a return on equity of 18.91% and a net margin of 7.89%. On average, analysts predict that Dr. Martens plc will post 2.5809394 EPS for the current year.

Insider Buying and Selling

In related news, insider Giles Wilson sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, September 1st. The stock was sold at an average price of GBX 91, for a total value of £27,300. Also, insider Ije Nwokori sold 298,675 shares of the stock in a transaction on Wednesday, October 15th. The stock was sold at an average price of GBX 90, for a total transaction of £268,807.50. In the last quarter, insiders acquired 136,960 shares of company stock valued at $12,460,163 and sold 434,460 shares valued at $39,131,400. 2.80% of the stock is owned by corporate insiders.

About Dr. Martens

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.