Dr. Martens (LON:DOCS) Trading Down 9.6% – Here’s Why

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

Analyst Ratings Changes

Separately, Peel Hunt restated a “buy” rating on shares of Dr. Martens in a report on Thursday. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Dr. Martens has an average rating of “Hold” and a consensus target price of GBX 6,000.

Dr. Martens Trading Down 1.8%

The stock has a fifty day moving average of GBX 90.30 and a 200-day moving average of GBX 80.31. The company has a market cap of £700.10 million, a PE ratio of 144.90, a PEG 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.

Dr. Martens (LON:DOCS) last released its earnings results 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%. Sell-side analysts anticipate that Dr. Martens plc will post 2.5809394 EPS for the current fiscal year.

Insider Transactions at Dr. Martens

In other news, insider Giles Wilson sold 30,000 shares of the firm’s stock in a transaction that occurred on Monday, September 1st. The shares were sold at an average price of GBX 91, for a total transaction of £27,300. Also, insider Ije Nwokori sold 298,675 shares of Dr. Martens stock in a transaction that occurred on Wednesday, October 15th. The shares were sold at an average price of GBX 90, for a total transaction of £268,807.50. In the last quarter, insiders have purchased 136,960 shares of company stock valued at $12,460,163 and have sold 434,460 shares valued at $39,131,400. Company insiders own 2.80% of the company’s stock.

Dr. Martens Company Profile

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.