Dr. Martens (DOCS)

Sector:

Personal Goods

Index:

FTSE 250

76.30p
   
  • Change Today:
      3.60p
  • 52 Week High: 171.20
  • 52 Week Low: 67.00
  • Currency: UK Pounds
  • Shares Issued: 961.88m
  • Volume: 14,894,846
  • Market Cap: £733.91m

RBC Capital cuts Dr Martens target price

By Michele Maatouk

Date: Wednesday 27 Mar 2024

LONDON (ShareCast) - (Sharecast News) - RBC Capital Markets cut its price target on Dr Martens on Wednesday to 85p from 100p as it lowered its estimates for FY24-26 earnings per share by 7% to 10%.
The bank said Dr Martens should be able to deliver on materially lower guided and consensus expectations for FY24, due 30 May.

The bank said Spring/Summer shipment timings could be a swing factor, however it believes Q4 DTC trends will be an important data point as well as FY25.

RBC said it expects the company's FY25 guidance to strike a "cautious tone". It expects revenue guidance of 'mid-single digit' and an EBITDA guidance range of £200m to £210m, which implies mid-high single-digit growth year-on-year.

RBC rates the shares at 'sector perform'.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Dr. Martens Market Data

Currency UK Pounds
Share Price 76.30p
Change Today 3.60p
% Change 4.95 %
52 Week High 171.20
52 Week Low 67.00
Volume 14,894,846
Shares Issued 961.88m
Market Cap £733.91m

Dr. Martens Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
60.26% above the market average60.26% above the market average60.26% above the market average60.26% above the market average60.26% above the market average
63.64% above the sector average63.64% above the sector average63.64% above the sector average63.64% above the sector average63.64% above the sector average
Price Trend
81.63% below the market average81.63% below the market average81.63% below the market average81.63% below the market average81.63% below the market average
53.85% below the sector average53.85% below the sector average53.85% below the sector average53.85% below the sector average53.85% below the sector average
Income
68.46% above the market average68.46% above the market average68.46% above the market average68.46% above the market average68.46% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Growth
5.53% below the market average5.53% below the market average5.53% below the market average5.53% below the market average5.53% below the market average
27.27% above the sector average27.27% above the sector average27.27% above the sector average27.27% above the sector average27.27% above the sector average

Dr. Martens Dividends

  Latest Previous
  Interim Final
Ex-Div 04-Jan-24 08-Jun-23
Paid 02-Feb-24 18-Jul-23
Amount 1.56p 4.28p

Trades for 29-Apr-2024

Time Volume / Share Price
15:58 11 @ 76.00p
16:22 72 @ 75.95p
16:12 11 @ 75.90p
10:17 6,762,688 @ 70.45p
10:17 6,762,688 @ 70.45p

Dr. Martens Key Personnel

Chair Paul Mason
CEO Kenny Wilson

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