The stock of Designer Brands Inc (NYSE:DBI) last traded at $8.76, up 3.55% from the previous session.
Data from the available sources indicates that Designer Brands Inc (NYSE:DBI) is covered by 5 analysts. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $10.00 and a low of $8.00, we find $9.00. Given the previous closing price of $8.46, this indicates a potential upside of 6.38 percent. DBI stock price is now -21.65% away from the 50-day moving average and -10.74% away from the 200-day moving average. The market capitalization of the company currently stands at $509.22M.
In total, 5 analysts have assigned it a hold rating, and 0 have given it a buy rating. Brokers who have rated the stock have averaged $9.00 as their price target over the next twelve months.
With the price target reduced from $14 to $10, Telsey Advisory Group maintained Market Perform rating for Designer Brands Inc (NYSE: DBI).
In other news, Ferree Deborah L, Vice Chair, Chief Product Off sold 34,000 shares of the company’s stock on Dec 04. The stock was sold for $427,720 at an average price of $12.58. Upon completion of the transaction, the Vice Chair, Chief Product Off now directly owns 196,813 shares in the company, valued at $1.72 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 17, Vice Chair, Chief Product Off Ferree Deborah L sold 33,000 shares of the business’s stock. A total of $413,160 was realized by selling the stock at an average price of $12.52. This leaves the insider owning 230,813 shares of the company worth $2.02 million. Insiders disposed of 1,617,563 shares of company stock worth roughly $14.17 million over the past 1 year. A total of 26.21% of the company’s stock is owned by insiders.
With an opening price of $8.42 on Thursday morning, Designer Brands Inc (NYSE: DBI) set off the trading day. During the past 12 months, Designer Brands Inc has had a low of $6.14 and a high of $13.44. As of last week, the company has a debt-to-equity ratio of 3.17, a current ratio of 1.18, and a quick ratio of 0.29. According to the stock market information, the enterprise value for the company is $1.65B, which is based on a 5.63 price-to-earnings ratio, a 0.38 price-to-earnings-growth ratio, and a beta of 2.09. The fifty day moving average price for DBI is $11.11 and a two-hundred day moving average price translates $9.81 for the stock.
The latest earnings results from Designer Brands Inc (NYSE: DBI) was released for Oct, 2023. According to the Footwear & Accessories Company, earnings per share came in at $0.24, missing analysts’ expectations of $0.48 by -0.24. This compares to $0.65 EPS in the same period last year. The net profit margin was 3.37% and return on equity was 26.94% for DBI. The company reported revenue of $786.33 million for the quarter, compared to $865.02 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -9.1 percent. For the current quarter, analysts expect DBI to generate $756.15M in revenue.
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.
