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DBI Stock Forecast: All the More Reason to Consider Designer Brands Inc (DBI) Now

Designer Brands Inc (NYSE: DBI) is 23.50% 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 $10.62 in the last trading session, with the day’s gains setting it 0.31%.

Currently trading at $10.93, the stock is 2.13% and 12.42% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.34 million and changing 2.92% at the moment leaves the stock 7.07% off its SMA200. DBI registered 25.06% gain for a year compared to 6-month loss of -9.59%. The firm has a 50-day simple moving average (SMA 50) of $0.59 and a 200-day simple moving average (SMA200) of $13.11.

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The stock witnessed a 7.90% gain in the last 1 month and extending the period to 3 months gives it a 17.91%, and is 0.37% 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 5.45% over the week and 6.12% over the month.

Designer Brands Inc (DBI) has around 14000 employees, a market worth around $621.48M and $3.07B in sales. Current P/E ratio is 29.60 and Fwd P/E is 10.02. Profit margin for the company is 0.95%. Distance from 52-week low is 78.01% and -18.68% 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 $739.29M over the same period.The EPS is expected to grow by 13.23% this year, but quarterly earnings will post 1.30% year-over-year.

Designer Brands Inc (DBI) Top Institutional Holders

266 institutions hold shares in Designer Brands Inc (DBI), with institutional investors hold 127.79% of the company’s shares. The shares outstanding are 49.49M, and float is at 41.25M with Short Float at 24.29%. Institutions hold 104.67% 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 Haley Mark,the company’sSVP, Controller and PAO. SEC filings show that Haley Mark sold 16,125 shares of the company’s common stock on Mar 27 ’24 at a price of $10.84 per share for a total of $0.17 million. Following the sale, the insider now owns 25787.0 shares.

Designer Brands Inc disclosed in a document filed with the SEC on Dec 04 ’23 that Ferree Deborah L (Vice Chair, Chief Product Off) sold a total of 34,000 shares of the company’s common stock. The trade occurred on Dec 04 ’23 and was made at $12.58 per share for $0.43 million. Following the transaction, the insider now directly holds 0.2 million shares of the DBI stock.

Still, SEC filings show that on Oct 17 ’23, Ferree Deborah L (Vice Chair, Chief Product Off) disposed off 33,000 shares at an average price of $12.52 for $0.41 million. The insider now directly holds 230,813 shares of Designer Brands Inc (DBI).

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