Currently, there are 61.19M common shares owned by the public and among those 60.17M shares have been available to trade.
The company’s stock has a 5-day price change of -0.13% and 13.28% over the past three months. DLB shares are trading 7.23% year to date (YTD), with the 12-month market performance up to 7.32% higher. It has a 12-month low price of $66.35 and touched a high of $89.66 over the same period. DLB has an average intraday trading volume of 514.13K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 1.06%, 4.24%, and 8.36% respectively.
Institutional ownership of Dolby Laboratories Inc (NYSE: DLB) shares accounts for 58.00% of the company’s 61.19M shares outstanding.
It has a market capitalization of $8.07B and a beta (3y monthly) value of 1.00. The stock’s trailing 12-month PE ratio is 30.89, while the earnings-per-share (ttm) stands at $2.71. The company has a PEG of 3.48 and a Quick Ratio of 2.84 with the debt-to-equity ratio at 0.02. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.73% over the week and 2.20% over the month.
Earnings per share for the fiscal year are expected to increase by 7.39%, and 7.70% over the next financial year. EPS should grow at an annualized rate of 8.87% over the next five years, compared to 1.97% over the past 5-year period.
Looking at the support for the DLB, a number of firms have released research notes about the stock. Barrington Research stated their Outperform rating for the stock in a research note on June 03, 2024, with the firm’s price target at $100. Rosenblatt was of a view on May 24, 2022 that the stock is Buy, while Barrington Research gave the stock Outperform rating on August 02, 2021, issuing a price target of $115. B. Riley FBR on their part issued Neutral rating on August 04, 2020.
