Investors are enjoying a positive day ahead of the Australia Day public holiday with the the S&P/ASX 200 (Index: ^AXJO) (ASX:XJO) gaining 0.4% to 5,672 points.
The materials and mining sectors have been the clear outperformers today, with weaker performances coming from the gold and utilities sectors.
Four shares that haven't fared so well today include:
Mantra Group Ltd (ASX: MTR)
Shares of Mantra have plunged by as much as 4.5% today after Deutsche Bank slashed its price target to $2.60 and maintained its sell rating. The broker believes the accommodation provider faces a number of headwinds and is likely to disappoint the market with weaker-than-expected earnings. The shares are currently trading at $2.76 – a 44% decline from their 52-week highs.
Henderson Group plc (ASX: HGG)
Shares of Henderson Group have dropped 3% today after the fund manager announced that it would pay an extraordinary dividend to shareholders prior to the closing of its merger with Janus Capital. The company believes this will maintain equality amongst both groups of shareholders after Janus Capital announced earlier that it would pay a first quarter dividend to its shareholders.
Northern Star Resources Ltd (ASX: NST)
Shares of Northern Star have fallen more than 2.5% today, despite confirming that it remains on track to meet its FY17 production guidance. As part of its December quarterly activities report, the gold miner also noted that its total operating costs remain within budget and on track to meet its FY17 guidance of $1,000-$1,050 per ounce. Despite the positive update, an overnight fall in the gold price has weighed on the gold miners today and the sector could remain under pressure if equity markets begin to rally again.
Domino's Pizza Enterprises Ltd. (ASX: DMP)
Shares of Domino's are trading more than 2.1% lower today, despite the absence of any news from the company. It appears some investors are still feeling uncomfortable with the pizza maker's sky-high valuation even though the shares have already fallen nearly 25% from their August 2016 high of $80.69. However, this is understandable since the shares still trade on a forecast price-to-earnings ratio of 44, which doesn't provide the company or investors with much margin for error.
