Designer Brands Inc (NYSE: DBI) is -24.41% 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 $6.55 in the last trading session, with the day’s gains setting it 0.14%.
Currently trading at $6.69, the stock is 4.00% and -4.95% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.7 million and changing 2.14% at the moment leaves the stock -21.56% off its SMA200. DBI registered -45.83% loss for a year compared to 6-month loss of -40.37%.
The stock witnessed a -13.57% gain in the last 1 month and extending the period to 3 months gives it a -9.84%, and is 12.63% 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 7.94% over the week and 7.67% over the month.
Designer Brands Inc (DBI) has around 14000 employees, a market worth around $371.30M and $3.06B in sales. Fwd P/E is 8.94. Profit margin for the company is -0.16%. Distance from 52-week low is 53.44% and -49.16% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.34%).
with sales reaching $810.87M over the same period.The EPS is expected to shrink by -22.96% this year, but quarterly earnings will post -0.20% year-over-year.
Designer Brands Inc (DBI) Top Institutional Holders
270.0 institutions hold shares in Designer Brands Inc (DBI), with institutional investors hold 147.33% of the company’s shares. The shares outstanding are 49.49M, and float is at 41.08M with Short Float at 30.54%. Institutions hold 122.40% 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
The most recent transaction is an insider sale by SONNENBERG HARVEY L, the company’s Director. SEC filings show that SONNENBERG HARVEY L sold 22,000 shares of the company’s common stock on Sep 17 ’24 at a price of $6.62 per share for a total of $0.15 million. Following the sale, the insider now owns 3180.0 shares.
Still, SEC filings show that on Apr 11 ’24, SONNENBERG HARVEY L (Director) disposed off 9,000 shares at an average price of $8.65 for $77868.0. The insider now directly holds 2,199 shares of Designer Brands Inc (DBI).
