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Why should you keep an eye on Designer Brands Inc (DBI)?

Designer Brands Inc (NYSE: DBI) is -19.66% lower on its value in year-to-date trading and has touched a low of $7.39 and a high of $13.44 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 $7.67 in the last trading session, with the day’s loss setting it -0.56%.

Currently trading at $7.11, the stock is -23.45% and -23.93% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.16 million and changing -7.30% at the moment leaves the stock -29.43% off its SMA200. DBI registered -17.80% loss for a year compared to 6-month gain of -18.84%.

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The stock witnessed a -27.67% loss in the last 1 month and extending the period to 3 months gives it a -30.70%, and is -35.66% 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 7.50% over the week and 5.41% over the month.

Designer Brands Inc (DBI) has around 14000 employees, a market worth around $410.96M and $3.08B in sales. Current P/E ratio is 33.54 and Fwd P/E is 6.64. Profit margin for the company is 0.60%. Distance from 52-week low is -3.79% and -47.10% from its 52-week high. The company has generated returns on investments over the last 12 months (1.24%).

The EPS is expected to grow by 12.39% this year.

Designer Brands Inc (DBI) Top Institutional Holders

The shares outstanding are 49.49M, and float is at 43.06M with Short Float at 29.55%.

Designer Brands Inc (DBI) Insider Activity

The most recent transaction is an insider sale by SONNENBERG HARVEY L,the company’sDirector. SEC filings show that SONNENBERG HARVEY L sold 9,000 shares of the company’s common stock on Apr 11 ’24 at a price of $8.65 per share for a total of $77868.0. Following the sale, the insider now owns 2199.0 shares.

Designer Brands Inc disclosed in a document filed with the SEC on Apr 08 ’24 that Poff Jared A. (EVP, CFO & CAO) sold a total of 15,000 shares of the company’s common stock. The trade occurred on Apr 08 ’24 and was made at $9.76 per share for $0.15 million. Following the transaction, the insider now directly holds 0.26 million shares of the DBI stock.

Still, SEC filings show that on Mar 27 ’24, Haley Mark (SVP, Controller and PAO) disposed off 16,125 shares at an average price of $10.84 for $0.17 million. The insider now directly holds 25,787 shares of Designer Brands Inc (DBI).

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