Key Points
- Dolby Laboratories SVP John Couling sold 7,667 shares at an average price of $61.05, generating approximately $468,070. After the sale, he retained 118,727 shares, a 6.07% reduction in his position.
- Dolby reported quarterly EPS of $0.69, exceeding estimates by $0.02, but revenue fell 3.3% year over year to $305 million. The board also authorized a $350 million share-repurchase program, covering up to 7% of outstanding shares.
- The stock was trading near $61.95, while analysts maintained a mixed outlook: two Buy ratings, one Hold and one Sell, resulting in an overall “Hold” rating and an average price target of $83.
Dolby Laboratories (NYSE:DLB - Get Free Report) SVP John Couling sold 7,667 shares of the stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $61.05, for a total transaction of $468,070.35. Following the transaction, the senior vice president directly owned 118,727 shares in the company, valued at approximately $7,248,283.35. This represents a 6.07% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Dolby Laboratories Stock Up 0.3%
Dolby Laboratories stock opened at $61.95 on Friday. The company has a market capitalization of $5.80 billion, a PE ratio of 26.36 and a beta of 0.80. The firm has a fifty day simple moving average of $56.41 and a two-hundred day simple moving average of $58.30. Dolby Laboratories has a twelve month low of $48.26 and a twelve month high of $73.78.
Dolby Laboratories (NYSE:DLB - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The electronics maker reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.02. Dolby Laboratories had a net margin of 16.70% and a return on equity of 11.08%. The business had revenue of $305.00 million during the quarter, compared to analyst estimates of $311.96 million. During the same period in the prior year, the business posted $0.78 earnings per share. The company's revenue was down 3.3% on a year-over-year basis. Dolby Laboratories has set its FY 2026 guidance at 4.250-4.400 EPS and its Q4 2026 guidance at 1.130-1.280 EPS. As a group, equities analysts expect that Dolby Laboratories will post 3.23 earnings per share for the current fiscal year.
Dolby Laboratories announced that its Board of Directors has authorized a stock repurchase plan on Thursday, July 30th that authorizes the company to buyback $350.00 million in shares. This buyback authorization authorizes the electronics maker to purchase up to 7% of its stock through open market purchases. Stock buyback plans are often a sign that the company's board of directors believes its stock is undervalued.
Dolby Laboratories Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, August 19th. Investors of record on Tuesday, August 11th were issued a dividend of $0.36 per share. The ex-dividend date was Tuesday, August 11th. This represents a $1.44 annualized dividend and a yield of 2.3%. Dolby Laboratories's dividend payout ratio is currently 61.28%.
Analyst Ratings Changes
A number of equities analysts have commented on the company. Weiss Ratings cut Dolby Laboratories from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Thursday, August 13th. Rosenblatt Securities reissued a "buy" rating and set a $85.00 price objective on shares of Dolby Laboratories in a research note on Friday, August 28th. Barrington Research restated an "outperform" rating and issued a $90.00 target price on shares of Dolby Laboratories in a report on Monday, June 15th. Finally, Wall Street Zen downgraded shares of Dolby Laboratories from a "buy" rating to a "hold" rating in a research note on Saturday, August 1st. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $83.00.
Read Our Latest Stock Report on DLB
Institutional Trading of Dolby Laboratories
Institutional investors have recently modified their holdings of the company. Boothbay Fund Management LLC grew its stake in shares of Dolby Laboratories by 4.1% in the second quarter. Boothbay Fund Management LLC now owns 4,020 shares of the electronics maker's stock worth $299,000 after purchasing an additional 157 shares during the last quarter. Covestor Ltd raised its position in Dolby Laboratories by 6.0% during the 4th quarter. Covestor Ltd now owns 3,088 shares of the electronics maker's stock valued at $198,000 after purchasing an additional 175 shares during the last quarter. Fifth Third Bancorp lifted its holdings in Dolby Laboratories by 34.7% in the 4th quarter. Fifth Third Bancorp now owns 746 shares of the electronics maker's stock worth $48,000 after buying an additional 192 shares during the period. State of Michigan Retirement System lifted its holdings in Dolby Laboratories by 1.4% in the 1st quarter. State of Michigan Retirement System now owns 14,700 shares of the electronics maker's stock worth $883,000 after buying an additional 200 shares during the period. Finally, Raymond James Financial Inc. lifted its holdings in Dolby Laboratories by 1.0% in the 2nd quarter. Raymond James Financial Inc. now owns 24,344 shares of the electronics maker's stock worth $1,808,000 after buying an additional 235 shares during the period. 58.56% of the stock is currently owned by hedge funds and other institutional investors.
About Dolby Laboratories
(
Get Free Report)
Dolby Laboratories, Inc is a global leader in audio and imaging technologies, specializing in the development, licensing and deployment of solutions that enhance entertainment and communications experiences. The company's core business revolves around creating advanced audio codecs, noise reduction systems and spatial sound technologies for a wide range of applications, including cinema, broadcast, gaming, streaming and personal devices. Dolby's licensing model enables consumer electronics manufacturers, content creators and service providers to integrate its technologies into products such as televisions, smartphones, home theater systems and set-top boxes.
Among its flagship innovations are Dolby Atmos, an immersive audio format that delivers three-dimensional soundscapes for theaters and home systems; Dolby Digital and Dolby Digital Plus, widely adopted audio compression formats for broadcast and streaming; and Dolby Vision, a high-dynamic-range imaging technology that expands color, contrast and brightness in displays.
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