Dr. Martens (DOCS)

Sector:

Personal Goods

Index:

FTSE 250

80.30p
   
  • Change Today:
    -3.80p
  • 52 Week High: 159.80
  • 52 Week Low: 67.00
  • Currency: UK Pounds
  • Shares Issued: 961.97m
  • Volume: 868,674
  • Market Cap: £772.46m

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 80.30p
Change Today -3.80p
% Change -4.52 %
52 Week High 159.80
52 Week Low 67.00
Volume 868,674
Shares Issued 961.97m
Market Cap £772.46m

Dr. Martens Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
30.00% above the market average30.00% above the market average30.00% above the market average30.00% above the market average30.00% above the market average
27.27% below the sector average27.27% below the sector average27.27% below the sector average27.27% below the sector average27.27% below the sector average
Price Trend
72.01% below the market average72.01% below the market average72.01% below the market average72.01% below the market average72.01% below the market average
7.69% below the sector average7.69% below the sector average7.69% below the sector average7.69% below the sector average7.69% below the sector average
Income
36.95% above the market average36.95% above the market average36.95% above the market average36.95% above the market average36.95% above the market average
33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average
Growth
92.57% below the market average92.57% below the market average92.57% below the market average92.57% below the market average92.57% below the market average
83.33% below the sector average83.33% below the sector average83.33% below the sector average83.33% below the sector average83.33% below the sector average

Dr. Martens Dividends

  Latest Previous
  Final Interim
Ex-Div 29-Aug-24 04-Jan-24
Paid 01-Oct-24 02-Feb-24
Amount 0.99p 1.56p

Trades for 14-Jun-2024

Time Volume / Share Price
16:35 7,766 @ 80.30p
16:35 350,567 @ 80.30p
16:35 700 @ 80.30p
16:35 1,387 @ 80.30p
16:35 335 @ 80.30p

Dr. Martens Key Personnel

Chair Paul Mason
CEO Kenny Wilson
CFO Giles Wilson

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