Designer Brands Inc. (NYSE: DBI) is -4.70% lower on its value in year-to-date trading and has touched a low of $7.93 and a high of $19.38 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The DBI stock was last observed hovering at around $8.28 in the last trading session, with the day’s gains setting it 1.04% off its average median price target of $11.50 for the next 12 months. It is also 22.33% off the consensus price target high of $12.00 offered by 4 analysts, but current levels are 15.27% higher than the price target low of $11.00 for the same period.
Currently trading at $9.32, the stock is -2.69% and -4.73% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.19 million and changing 12.56% at the moment leaves the stock -30.42% off its SMA200. DBI registered -25.50% loss for a year compared to 6-month loss of -42.11%.
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The stock witnessed a -8.45% gain in the last 1 month and extending the period to 3 months gives it a -6.89%, and is 0.11% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 7.34% over the week and 4.72% over the month.
Designer Brands Inc. (DBI) has around 13500 employees, a market worth around $611.39M and $3.38B in sales. Current P/E ratio is 5.16 and Fwd P/E is 5.31. Profit margin for the company is 3.90%. Distance from 52-week low is 17.53% and -51.91% from its 52-week high. The company has generated returns on investments over the last 12 months (29.30%).
Designer Brands Inc. (DBI) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Designer Brands Inc. (DBI) is a “Hold”. 4 analysts offering their recommendations for the stock have an average rating of 3.00, where 4 rate it as a Hold and 0 think it is a “Overweight”. 0 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Designer Brands Inc. is expected to release its quarterly report on 06/01/2023.The EPS is expected to grow by 129.50% this year
Designer Brands Inc. (DBI) Top Institutional Holders
The shares outstanding are 64.25M, and float is at 47.08M with Short Float at 17.75%.
Designer Brands Inc. (DBI) Insider Activity
A total of 8 insider transactions have happened at Designer Brands Inc. (DBI) in the last six months, with sales accounting for 2 and purchases happening 6 times. The most recent transaction is an insider sale by LAU JOANNA T, the company’s Director. SEC filings show that LAU JOANNA T sold 10,000 shares of the company’s common stock on Sep 22 at a price of $15.53 per share for a total of $0.16 million. Following the sale, the insider now owns 58244.0 shares.
Designer Brands Inc. disclosed in a document filed with the SEC on Sep 22 that Zaiac Joanne (Director) sold a total of 4,489 shares of the company’s common stock. The trade occurred on Sep 22 and was made at $15.76 per share for $70750.0. Following the transaction, the insider now directly holds 48560.0 shares of the DBI stock.
Still, SEC filings show that on Sep 15, Turner Mary (EVP;Pres DesignerBrands Canada) disposed off 4,000 shares at an average price of $16.19 for $64756.0. The insider now directly holds 18,575 shares of Designer Brands Inc. (DBI).