Dr. Martens (LON:DOCS) Announces Earnings Results

Dr. Martens (LON:DOCS) posted its earnings results on Thursday. The company reported GBX 2.40 ($0.03) earnings per share for the quarter, Digital Look Earnings reports. Dr. Martens had a return on equity of 18.91% and a net margin of 7.89%.

Dr. Martens Stock Up 8.7%

LON DOCS opened at GBX 81.95 ($1.11) on Friday. The stock’s 50-day moving average price is GBX 55.34 and its 200-day moving average price is GBX 62.80. The company has a quick ratio of 1.13, a current ratio of 2.85 and a debt-to-equity ratio of 127.27. Dr. Martens has a 52 week low of GBX 43.02 ($0.58) and a 52 week high of GBX 88 ($1.19). The company has a market capitalization of £795.54 million, a P/E ratio of 11.62, a price-to-earnings-growth ratio of 6.40 and a beta of 0.11.

Dr. Martens Cuts Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, April 8th. Stockholders of record on Thursday, March 6th were paid a GBX 0.85 ($0.01) dividend. 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 currently 42.53%.

Insider Transactions at Dr. Martens

In related news, insider Giles Wilson acquired 32,640 shares of the firm’s stock in a transaction dated Tuesday, March 25th. The shares were purchased at an average price of GBX 54 ($0.73) per share, with a total value of £17,625.60 ($23,844.16). Insiders have purchased 33,206 shares of company stock valued at $1,792,771 over the last quarter. 4.36% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada lowered their target price on Dr. Martens from GBX 7,000 ($94.70) to GBX 6,000 ($81.17) and set a “sector perform” rating on the stock in a report on Monday, May 19th.

About Dr. Martens

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.