Share on StockTwits

Dolby Laboratories (NYSE:DLB) major shareholder Dagmar Dolby unloaded 60,000 shares of the stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $41.06, for a total transaction of $2,463,600.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

A number of analysts have recently weighed in on DLB shares. Analysts at Zacks upgraded shares of Dolby Laboratories from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, December 31st. They now have a $39.40 price target on the stock. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $35.47.

Dolby Laboratories (NYSE:DLB) traded up 0.56% during mid-day trading on Tuesday, hitting $41.37. 519,034 shares of the company’s stock traded hands. Dolby Laboratories has a one year low of $30.78 and a one year high of $42.00. The stock’s 50-day moving average is $39.37 and its 200-day moving average is $35.43. The company has a market cap of $4.209 billion and a price-to-earnings ratio of 23.24.

Dolby Laboratories (NYSE:DLB) last announced its earnings results on Thursday, January 23rd. The company reported $0.59 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.34 by $0.25. The company had revenue of $231.30 million for the quarter, compared to the consensus estimate of $212.08 million. During the same quarter in the prior year, the company posted $0.64 earnings per share. The company’s quarterly revenue was down 2.2% on a year-over-year basis. Analysts expect that Dolby Laboratories will post $1.69 EPS for the current fiscal year.

Dolby Laboratories, Inc develops and delivers products and technologies that are used in the entertainment industry.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.