Designer Brands Inc (NYSE: DBI) is -39.89% lower on its value in year-to-date trading and has touched a low of $4.36 and a high of $12.84 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 $5.36 in the last trading session, with the day’s loss setting it -0.04%.
Currently trading at $5.32, the stock is -10.95% and -16.71% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.05 million and changing -0.75% at the moment leaves the stock -34.94% off its SMA200. DBI registered -49.57% loss for a year compared to 6-month loss of -42.11%. The firm has a 50-day simple moving average (SMA 50) of $6.3876 and a 200-day simple moving average (SMA200) of $8.17645.
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The stock witnessed a -22.34% gain in the last 1 month and extending the period to 3 months gives it a -32.74%, and is -9.37% 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 4.63% over the week and 4.64% over the month.
Designer Brands Inc (DBI) has around 14000 employees, a market worth around $295.26M and $3.06B in sales. Fwd P/E is 7.11. Profit margin for the company is -0.16%. Distance from 52-week low is 22.02% and -58.55% 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 -22.96% this year
269.0 institutions hold shares in Designer Brands Inc (DBI), with institutional investors hold 148.00% of the company’s shares. The shares outstanding are 49.49M, and float is at 40.78M with Short Float at 28.32%. Institutions hold 122.95% 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 Haley Mark, the company’s SVP, Controller and PAO. SEC filings show that Haley Mark sold 25,787 shares of the company’s common stock on Oct 11 ’24 at a price of $6.04 per share for a total of $0.16 million. Following the sale, the insider now owns 0.0 shares.
Designer Brands Inc disclosed in a document filed with the SEC on Sep 17 ’24 that SONNENBERG HARVEY L (Director) sold a total of 22,000 shares of the company’s common stock. The trade occurred on Sep 17 ’24 and was made at $6.62 per share for $0.15 million. Following the transaction, the insider now directly holds 3180.0 shares of the DBI stock.
Still, SEC filings show that on Sep 16 ’24, SONNENBERG HARVEY L (Director) Proposed Sale 22,000 shares at an average price of $5.99 for $0.13 million. The insider now directly holds shares of Designer Brands Inc (DBI).
