Designer Brands Inc (NYSE: DBI) is -43.05% 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 $4.89 in the last trading session, with the day’s gains setting it 0.15%.
Currently trading at $5.04, the stock is -0.86% and -13.78% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.25 million and changing 3.07% at the moment leaves the stock -35.88% off its SMA200. DBI registered -52.59% loss for a year compared to 6-month loss of -47.88%. The firm has a 50-day simple moving average (SMA 50) of $5.8452 and a 200-day simple moving average (SMA200) of $7.8607.
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The stock witnessed a -11.11% gain in the last 1 month and extending the period to 3 months gives it a -37.00%, and is 0.00% 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 6.95% over the week and 5.68% over the month.
Designer Brands Inc (DBI) has around 14000 employees, a market worth around $288.30M and $3.06B in sales. Fwd P/E is 6.73. Profit margin for the company is -0.16%. Distance from 52-week low is 15.59% and -60.73% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.34%).
with sales reaching $810.86M 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. Quarterly sales are estimated to grow 3.12% in year-over-year returns.
Designer Brands Inc (DBI) Top Institutional Holders
247.0 institutions hold shares in Designer Brands Inc (DBI), with institutional investors hold 113.72% of the company’s shares. The shares outstanding are 49.49M, and float is at 40.78M with Short Float at 24.01%. Institutions hold 94.47% 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).
