Barrington Research reiterated their outperform rating on shares of Dolby Laboratories (NYSE:DLB – Free Report) in a research report report published on Friday morning,Benzinga reports. Barrington Research currently has a $100.00 target price on the electronics maker’s stock.
A number of other equities research analysts have also recently commented on the company. Rosenblatt Securities restated a “buy” rating and set a $95.00 target price on shares of Dolby Laboratories in a research report on Friday, August 1st. Robert W. Baird initiated coverage on Dolby Laboratories in a report on Friday, September 5th. They issued a “neutral” rating and a $74.00 price objective on the stock. Wall Street Zen upgraded Dolby Laboratories from a “hold” rating to a “buy” rating in a report on Saturday, August 30th. Tigress Financial lifted their price objective on Dolby Laboratories from $112.00 to $114.00 and gave the stock a “buy” rating in a report on Friday, August 15th. Finally, Baird R W upgraded Dolby Laboratories to a “hold” rating in a report on Friday, September 5th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Dolby Laboratories presently has a consensus rating of “Moderate Buy” and an average target price of $95.75.
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Dolby Laboratories Stock Down 0.9%
NYSE:DLB opened at $71.48 on Friday. Dolby Laboratories has a 52 week low of $68.24 and a 52 week high of $89.66. The stock has a market capitalization of $6.85 billion, a PE ratio of 26.18 and a beta of 0.93. The stock’s 50-day moving average price is $73.73 and its 200-day moving average price is $75.45.
Dolby Laboratories (NYSE:DLB – Get Free Report) last posted its earnings results on Thursday, July 31st. The electronics maker reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.06. Dolby Laboratories had a return on equity of 11.52% and a net margin of 19.62%.The firm had revenue of $315.55 million for the quarter, compared to analysts’ expectations of $305.23 million. During the same period last year, the firm earned $0.71 EPS. The company’s quarterly revenue was up 9.2% on a year-over-year basis. Dolby Laboratories has set its FY 2025 guidance at 3.880-4.030 EPS. Q4 2025 guidance at 0.610-0.760 EPS. Sell-side analysts expect that Dolby Laboratories will post 2.94 earnings per share for the current fiscal year.
Dolby Laboratories Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, August 20th. Shareholders of record on Tuesday, August 12th were given a $0.33 dividend. The ex-dividend date of this dividend was Tuesday, August 12th. This represents a $1.32 dividend on an annualized basis and a yield of 1.8%. Dolby Laboratories’s payout ratio is presently 48.35%.
Insider Buying and Selling
In other Dolby Laboratories news, SVP Shriram Revankar sold 7,000 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $74.92, for a total value of $524,440.00. Following the sale, the senior vice president owned 70,435 shares of the company’s stock, valued at $5,276,990.20. The trade was a 9.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Kevin J. Yeaman sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $72.31, for a total value of $1,807,750.00. Following the completion of the sale, the chief executive officer directly owned 114,725 shares in the company, valued at approximately $8,295,764.75. The trade was a 17.89% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 99,366 shares of company stock worth $7,352,963. 38.39% of the stock is owned by corporate insiders.
Institutional Trading of Dolby Laboratories
A number of institutional investors and hedge funds have recently added to or reduced their stakes in DLB. Osaic Holdings Inc. grew its stake in shares of Dolby Laboratories by 165.8% in the second quarter. Osaic Holdings Inc. now owns 2,541 shares of the electronics maker’s stock worth $195,000 after acquiring an additional 1,585 shares in the last quarter. Orion Porfolio Solutions LLC grew its stake in shares of Dolby Laboratories by 7.1% in the second quarter. Orion Porfolio Solutions LLC now owns 23,575 shares of the electronics maker’s stock worth $1,751,000 after acquiring an additional 1,555 shares in the last quarter. Thrivent Financial for Lutherans grew its stake in shares of Dolby Laboratories by 1.0% in the second quarter. Thrivent Financial for Lutherans now owns 67,992 shares of the electronics maker’s stock worth $5,050,000 after acquiring an additional 679 shares in the last quarter. B. Riley Wealth Advisors Inc. acquired a new position in shares of Dolby Laboratories in the second quarter worth $206,000. Finally, State of Wyoming grew its stake in shares of Dolby Laboratories by 384.8% in the second quarter. State of Wyoming now owns 7,989 shares of the electronics maker’s stock worth $593,000 after acquiring an additional 6,341 shares in the last quarter. Hedge funds and other institutional investors own 58.56% of the company’s stock.
Dolby Laboratories Company Profile
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Dolby Laboratories, Inc creates audio and imaging technologies that transform entertainment at the cinema, DTV transmissions and devices, mobile devices, OTT video and music services, home entertainment devices, and automobiles. The company develops and licenses its audio technologies, such as AAC & HE-AAC, a digital audio codec solution used for a range of media applications; AVC, a digital video codec with high bandwidth efficiency used in various media devices; Dolby AC-4, a digital audio coding technology that delivers new audio experiences to a range of playback devices; and Dolby Atmos technology for cinema and various media devices.
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