Designer Brands Inc (NYSE: DBI) is -32.88% lower on its value in year-to-date trading and has touched a low of $4.36 and a high of $13.16 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 $5.81 in the last trading session, with the day’s gains setting it 0.13%.
Currently trading at $5.94, the stock is -12.31% and -16.25% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.0 million and changing 2.24% at the moment leaves the stock -31.48% off its SMA200. DBI registered -51.27% loss for a year compared to 6-month loss of -46.00%.
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The stock witnessed a -20.27% gain in the last 1 month and extending the period to 3 months gives it a -17.04%, and is -1.16% 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 11.72% over the week and 6.52% over the month.
Designer Brands Inc (DBI) has around 14000 employees, a market worth around $329.67M and $3.06B in sales. Fwd P/E is 7.94. Profit margin for the company is -0.16%. Distance from 52-week low is 36.24% and -54.86% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.34%).
The EPS is expected to shrink by -22.88% this year.
Designer Brands Inc (DBI) Top Institutional Holders
269.0 institutions hold shares in Designer Brands Inc (DBI), with institutional investors hold 139.77% of the company’s shares. The shares outstanding are 49.49M, and float is at 41.06M with Short Float at 30.55%. Institutions hold 116.11% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 6.85 million shares valued at $46.79 million. The investor’s holdings represent 11.9206% of the DBI Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 3.97 million shares valued at $27.13 million to account for 6.9124 of the shares outstanding. The other top investors are DIMENSIONAL FUND ADVISORS LP which holds 2.6 million shares representing 4.5165% and valued at over $17.73 million, while STATE STREET CORP holds 3.8607 of the shares totaling 2.22 million with a market value of $15.15 million.
Designer Brands Inc (DBI) Insider Activity
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Designer Brands Inc disclosed in a document filed with the SEC on Apr 11 ’24 that SONNENBERG HARVEY L (Director) sold a total of 9,000 shares of the company’s common stock. The trade occurred on Apr 11 ’24 and was made at $8.65 per share for $77868.0. Following the transaction, the insider now directly holds 2199.0 shares of the DBI stock.
Still, SEC filings show that on Apr 08 ’24, Poff Jared A. (EVP, CFO & CAO) disposed off 15,000 shares at an average price of $9.76 for $0.15 million. The insider now directly holds 255,064 shares of Designer Brands Inc (DBI).
