Stocks of Designer Brands Inc. (NYSE:DBI) traded higher last session on Wall Street, up 2.52% to $10.17.
According to the data, Designer Brands Inc. (NYSE:DBI) has 5 analysts covering its stock. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $11.00 and a low of $8.00, we find $9.00. Given the previous closing price of $9.92, this indicates a potential downside of -9.27 percent. DBI stock price is now 23.84% away from the 50-day moving average and -5.05% away from the 200-day moving average. The market capitalization of the company currently stands at $652.81M.
A total of 5 analysts have issued a hold rating and 0 have given it a buy rating. Brokers who have rated the stock have averaged $9.33 as their price target over the next twelve months.
With the price target enhanced from $20 to $22, Telsey Advisory Group maintained Market Perform rating for Designer Brands Inc. (NYSE: DBI).
In other news, Turner Mary, EVP;Pres DesignerBrands Canada sold 15,923 shares of the company’s stock on Mar 24. The stock was sold for $132,161 at an average price of $8.30. Upon completion of the transaction, the EVP;Pres DesignerBrands Canada now directly owns 31,502 shares in the company, valued at $0.32 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 22, Director LAU JOANNA T sold 10,000 shares of the business’s stock. A total of $155,300 was realized by selling the stock at an average price of $15.53. This leaves the insider owning 58,244 shares of the company worth $0.59 million. Insiders disposed of 984,177 shares of company stock worth roughly $10.01 million over the past 1 year. A total of 4.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in DBI stock. A new stake in Designer Brands Inc. shares was purchased by BALYASNY ASSET MANAGEMENT L.P. during the first quarter worth $8,208,000. SQUAREPOINT OPS LLC invested $2,926,000 in shares of DBI during the first quarter. In the first quarter, GRATICULE ASIA MACRO ADVISORS LLC acquired a new stake in Designer Brands Inc. valued at approximately $1,549,000. COMMONWEALTH EQUITY SERVICES, LLC acquired a new stake in DBI for approximately $1,417,000. JUMP FINANCIAL, LLC purchased a new stake in DBI valued at around $984,000 in the second quarter. In total, there are 280 active investors with 95.20% ownership of the company’s stock.
During the past 12 months, Designer Brands Inc. has had a low of $6.14 and a high of $19.38. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 1.30, and a quick ratio of 0.30. According to the stock market information, the enterprise value for the company is $1.83B, which is based on a 4.83 price-to-earnings ratio, a 0.33 price-to-earnings-growth ratio, and a beta of 2.17. The fifty day moving average price for DBI is $8.25 and a two-hundred day moving average price translates $10.68 for the stock.
The latest earnings results from Designer Brands Inc. (NYSE: DBI) was released for Apr, 2023. The net profit margin was 4.60% and return on equity was 36.60% for DBI. The company reported revenue of $742.08 million for the quarter, compared to $830.54 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -10.65 percent.
Moreover, the firm recently paid out its quarterly dividend on 07/11/2023. Investors who held shares on 06/27/2023 were paid a $0.05 dividend. On an annualized basis, this represents a $0.20 dividend and a 1.97% percent yield. There was an ex-dividend date of 06/26/2023 for this dividend. In terms of dividend payout ratio, DBI is presently at 4.40%.
Designer Brands Inc.(DBI) Company Profile
Designer Brands Inc., together with its subsidiaries, designs, manufactures, and retails footwear and accessories for women, men, and kids primarily in the United States and Canada. The company operates through three segments: U.S. Retail, Canada Retail, and Brand Portfolio. It provides dress, casual, and athletic footwear and accessories; and handbags. The company offers its products under the Vince Camuto, Jessica Simpson, Lucky, JLO Jennifer Lopez, and other brands. It also operates vincecamuto.com and topoathletic.com e-commerce sites, as well as dsw.com, dsw.ca, and theshoecompany.ca websites; and a portfolio of banners, including DSW Designer Shoe Warehouse, The Shoe Company, and DSW. The company was founded in 1991 and is based in Columbus, Ohio.
