Designer Brands Inc (NYSE: DBI) is 23.28% higher on its value in year-to-date trading and has touched a low of $6.14 and a high of $13.44 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The DBI stock was last observed hovering at around $11.22 in the last trading session, with the day’s loss setting it -0.31%.
Currently trading at $10.91, the stock is 2.84% and 13.63% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.51 million and changing -2.76% at the moment leaves the stock 7.26% off its SMA200. DBI registered 28.05% gain for a year compared to 6-month loss of -13.75%. The firm has a 50-day simple moving average (SMA 50) of $0.58 and a 200-day simple moving average (SMA200) of $10.25.
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The stock witnessed a 11.78% gain in the last 1 month and extending the period to 3 months gives it a 23.14%, and is -1.98% down 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 10.76% over the week and 5.98% over the month.
Designer Brands Inc (DBI) has around 14000 employees, a market worth around $620.34M and $3.07B in sales. Current P/E ratio is 29.55 and Fwd P/E is 10.00. Profit margin for the company is 0.95%. Distance from 52-week low is 77.69% and -18.82% from its 52-week high. The company has generated returns on investments over the last 12 months (2.04%).
Designer Brands Inc quarterly earnings per share for the current quarter are estimated at $0.15 with sales reaching $735.57M over the same period.The EPS is expected to grow by 13.23% this year, but quarterly earnings will post 0.60% year-over-year.
Designer Brands Inc (DBI) Top Institutional Holders
266 institutions hold shares in Designer Brands Inc (DBI), with institutional investors hold 128.09% of the company’s shares. The shares outstanding are 55.92M, and float is at 41.60M with Short Float at 22.18%. Institutions hold 105.49% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 8.22 million shares valued at $82.99 million. The investor’s holdings represent 16.30% of the DBI Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 5.89 million shares valued at $59.45 million to account for 11.68% of the shares outstanding. The other top investors are Millennium Management Llc which holds 2.89 million shares representing 5.73% and valued at over $29.15 million, while William Blair Investment Management, LLC holds 5.72% of the shares totaling 2.88 million with a market value of $29.11 million.
Designer Brands Inc (DBI) Insider Activity
The most recent transaction is an insider sale by Ferree Deborah L,the company’sVice Chair, Chief Product Off. SEC filings show that Ferree Deborah L sold 34,000 shares of the company’s common stock on Dec 04 ’23 at a price of $12.58 per share for a total of $0.43 million. Following the sale, the insider now owns 0.2 million shares.
Designer Brands Inc disclosed in a document filed with the SEC on Oct 17 ’23 that Ferree Deborah L (Vice Chair, Chief Product Off) sold a total of 33,000 shares of the company’s common stock. The trade occurred on Oct 17 ’23 and was made at $12.52 per share for $0.41 million. Following the transaction, the insider now directly holds 0.23 million shares of the DBI stock.
Still, SEC filings show that on Oct 16 ’23, Ferree Deborah L (Vice Chair, Chief Product Off) disposed off 32,000 shares at an average price of $12.14 for $0.39 million. The insider now directly holds 263,813 shares of Designer Brands Inc (DBI).
