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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Dr. Martens Plc | LSE:DOCS | London | Ordinary Share | GB00BL6NGV24 | ORD GBP0.01 |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| -1.05 | -1.42% | 73.00 | 1,472,388 | 16:35:07 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 72.85 | 72.95 | 75.40 | 71.80 | 74.25 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Footwear-wholesale | 1B | 128.9M | 0.1329 | 12.42 | 1.6B |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 18:09:53 | O | 6,682 | 73.041 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 16/4/2024 | 09:23 | ALNC |  TOP NEWS: Dr Martens names new CEO after latest warning hammers shares |
| 16/4/2024 | 07:00 | UK RNS | Dr. Martens PLC CEO succession |
| 16/4/2024 | 07:00 | UK RNS | Dr. Martens PLC FY24 trading and FY25 outlook update |
| 12/4/2024 | 15:13 | UK RNS | Dr. Martens PLC Director/PDMR Shareholding |
| 03/4/2024 | 18:23 | ALNC | PRESS: Shareholder calls on Dr Martens to review options to lift value |
| 28/3/2024 | 17:56 | UK RNS | Dr. Martens PLC Total Voting Rights |
| 12/3/2024 | 15:50 | UK RNS | Dr. Martens PLC Director/PDMR Shareholding |
| 01/3/2024 | 11:19 | UK RNS | Dr. Martens PLC Total Voting Rights |
| 27/2/2024 | 09:43 | ALNC | Dr Martens new CFO Giles Wilson to start role in May |
| 27/2/2024 | 07:00 | UK RNS | Dr. Martens PLC CFO appointment update |
Dr. Martens (DOCS) Share Charts1 Year Dr. Martens Chart |
|
1 Month Dr. Martens Chart |
Intraday Dr. Martens Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 22/4/2024 | 12:36 | Dr. Martens | 704 |
| 22/4/2024 | 07:15 | Dr Martens - just mucking about (please ignore) | 11 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 17:10:03 | 73.04 | 6,682 | 4,880.60 | O |
| 17:09:28 | 73.46 | 7,462 | 5,481.81 | O |
| 17:08:09 | 73.78 | 25,773 | 19,015.58 | O |
| 17:00:22 | 73.48 | 154 | 113.15 | O |
| 16:59:56 | 73.38 | 41 | 30.08 | O |
| Top Posts |
|---|
Posted at 24/4/2024 09:20 by Dr. Martens Daily Update Dr. Martens Plc is listed in the Footwear-wholesale sector of the London Stock Exchange with ticker DOCS. The last closing price for Dr. Martens was 74.05p.Dr. Martens currently has 969,681,372 shares in issue. The market capitalisation of Dr. Martens is £1,599,974,264. Dr. Martens has a price to earnings ratio (PE ratio) of 12.42. This morning DOCS shares opened at 74.25p |
Posted at 18/4/2024 09:00 by woozle1 It was a strange warning and looked like an attempt to kitchen sink all the bad news for the new CEO (certainly any incoming CEO would not want to be landed with the outgoing CEO's errors). A comment in the Times was interesting, describing Kenny Wilson as starstruck by the US and hence the over-expansion.The facts are EMEA and APAC,(the latter is the largest market for shoes globally) are doing well. Japan is a good market for DTC because such a large proportion of the population lives in the largest cities and winters are cold. I expect Docs to continue to do well there. The US is not because wholesalers (read dept stores) are not ordering. It seems strange, therefore, that they loaded up with even more new stock. It may be that Docs was already committed to these orders and could not avoid this issue. Or that there is not a big market for boots on the West Coast (see below). In the 2024 H1 the company said "Our inventory is too high and will now right size through FY25". Well, that statement looks wide of the mark. Most branded products rely on some form of wholesale in the US as it is not feasible to cover the smaller metros economically. That's a simple fact of doing business in the US and even companies like GAW make a very large proportion of their sales through this channel. The US is the largest economy as measured by GDP per capita. However, the decision to over-expand on the West Coast looks like a mistake and that the LA DC was poorly conceived. Warmer temps will dull the appetite for heavier boots and maybe they are selling more sandals there. I suspect this DC is draining the US performance and I would not be surprised if it shut down. Geography may be a dull word to brand consultants but it matters. I would hope that Permira makes this argument. I own from £1 and will buy more. I think this is a relevant brand that has been around a long time (unlike Super Dry) and so long as the company continues to nurture it (and not indulge in massive discounting) I see no reason that it can not recover. And the balance sheet is in reasonable shape and should allow them to ride out this patch. |
Posted at 18/4/2024 02:22 by papillon free stock charts from uk.advfn.comDOCS log chart. Great way for long term holders to lose money! |
Posted at 17/4/2024 11:50 by itisonlymoney darrin, thanks for the detail on the new ceo. Btw, does that look like the profile for a good fashion brand ceo? Big salary maybe. I have doubts. a senior director for apple retail - he's had lots of people around him to generate any success there. snr directors like to take all the credit if things go well, but out on their own, they often fail, so he's an unknown quantity at this point. does anyone here know how he did at wolf olins?huckers, I've asked the same question. my instinct atm is that this fifth profit warning and the change of leadership (a necessary move) with an untested ceo who has apparently been on the board (as a non-exec rather than ops management) throughout this car crash, creates massive uncertainty on top of the forecast for much lower profits. there's nothing but shifting sand under the strategy and the forecasts, plus the global environment does not look good - major european war which it looks like russia will now win, and the prospect of a middle eastern war. Docs has a high valuation based on its brand appeal but the retail market is not validating that appeal by buying the boots in huge numbers, so i think the share price has to reflect actual profit without a brand premium. that's my thinking and that leads me to guess that the share price is going steadily down for sometime now. i haven't got the confidence in that prediction to actually short the shares though, because there's no telling when a bid for the company could come. right now i'm watching. if the share price gets to 30p, i will almost certainly be a buyer. |
Posted at 16/4/2024 22:02 by darrin1471 "new ceo seems to have been in charge of marketing"Ije has only been the Chief Brand Officer since February. An independent non executive at DOCS since the IPO. A senior director of Apple retail for the last 6 years (40 stores) 11 years at brand consultancy agency Wolff Olins. CEO for 3 years. 150 employees. Trained as an architect in Nigeria and the US. The problems at DOCS appear to go beyond the "brand". Strategy (DTC), stock control and distribution to name a few. Far to many risks and variables for me to invest |
Posted at 16/4/2024 13:25 by essentialinvestor As mentioned previously, gearing up the balance sheet (buy backs/aggressive store expansion) was unlikely to end wellgiven recent trading updates. I could understand the rationale IF sales were powering ahead, but DOCS had already suffered multiple set backs. |
Posted at 08/4/2024 14:31 by woozle1 So comparing the US and UK websites, (i) there is no discounting on core boots in either region and (ii) in the US there are more fashion sale items and more availability.For example, Docs US Men's 144 items are listed at present as being on sale versus 55 in the UK. For women's, in the US 203 items are listed on sale whereas in the UK there are 78 items This would imply that Docs are still working through the stock overhang. |
Posted at 03/4/2024 16:08 by clocktower They are just trying to get the share price up to unload imo as they know this is a lost cause, and depending on what they paid for their shares are likely to take a big hit. So they want a buyer to save their necks, and pay over the odds. |
Posted at 26/1/2024 13:46 by woozle1 The issue of wholesale or 3rd party retailers is an interesting point, in particular in the US.Reducing the wholesale channel is a good thing as it gives DOCS greater control over pricing and discounting and will almost certainly result in a drop in revenues and profitability in the short term. The US requires a dual strategy (DTC and 3rd party) because the economics of its stores only stack up in the major metro areas. Physical shoe retailing is also a tough gig as it requires a large range and a lot of dead space for stocking. I suspect that DOCS is tightening up on the terms of trade and dropping accounts that don't sell much. Games Workshop went through a similar process some years ago. It requires nurturing the retailers that do the best job and this is not as easy as it sounds because it means having the right people (i.e. good account managers, good salespeople, and a sound marketing strategy). Foreign companies often struggle to attract good local talent as locals prefer to work for US brands and US companies which means one often gets 2nd and 3rd rate applicants. It's the key reason that UK companies find it so hard in the US and why to get around this problem it's best to buy a US company where you can lock into the entrepreneurial drive of a hungry start-up with high-caliber individuals. The hope here is that Docs is a good enough brand to attract better talent than would usually be the case for a foreign company. I'm pretty sure that this is a much better brand than Super Dry. It has much more cross-generational appeal (in London I see older blokes, middle-aged and young women, and kids wearing these shoes), it's been around much longer and management is investing heavily in it. If you believe that DOCS isn't going away, this is a great entry point. Yes, the peaks will be inlfated fashion but the troughs are supported by a loyal customer base whose identity (see themselves as rebellious and independent thinkers)is tied up with the brand. As ever, DYOR. PSDOCS ceased to be work wear some time ago. |
Posted at 26/1/2024 12:53 by mozy123 Disco - they guided moderately below sell side consensus (GBP128.7m), now - £5mDepends on what moderately means! Given the price today and full year eps of 8p (website) and top end maybe 10p. PE in the range of 8-10ish Results from LVMH showing some resilience so hopefully Docs can get their channel execution corrected and start improving this share price |
Posted at 28/11/2022 14:32 by essentialinvestor As the DOCS share price is given to large % moves in either direction, there are likelyto be ample trading opportunities for those astute/lucky enough to catch some of those. |
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