Designer Brands Inc (NYSE: DBI) is -36.27% lower on its value in year-to-date trading and has touched a low of $4.36 and a high of $11.56 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 $5.73 in the last trading session, with the day’s loss setting it -0.09%.
Currently trading at $5.64, the stock is 1.14% and 2.66% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.12 million and changing -1.57% at the moment leaves the stock -24.68% off its SMA200. DBI registered -37.19% loss for a year compared to 6-month loss of -24.90%. The firm has a 50-day simple moving average (SMA 50) of $5.494 and a 200-day simple moving average (SMA200) of $7.48785.
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The stock witnessed a 15.81% gain in the last 1 month and extending the period to 3 months gives it a -13.89%, and is 3.49% 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 6.95% over the week and 8.82% over the month.
Designer Brands Inc (DBI) has around 14000 employees, a market worth around $270.32M and $3.05B in sales. Fwd P/E is 9.73. Profit margin for the company is -0.07%. Distance from 52-week low is 29.35% and -51.23% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.14%).
with sales reaching $724.34M over the same period.The EPS is expected to shrink by -68.50% this year, but quarterly earnings will post -1.78% year-over-year. Quarterly sales are estimated to shrink -3.98% in year-over-year returns.
246.0 institutions hold shares in Designer Brands Inc (DBI), with institutional investors hold 113.60% of the company’s shares. The shares outstanding are 40.14M, and float is at 34.32M with Short Float at 27.17%. Institutions hold 94.37% 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 purchase by Stone House Capital Management, the company’s Member of a 10% Group. SEC filings show that Stone House Capital Management bought 250,000 shares of the company’s common stock on Dec 10 ’24 at a price of $5.63 per share for a total of $1.41 million. Following the purchase, the insider now owns 5.0 million shares.
Designer Brands Inc disclosed in a document filed with the SEC on Oct 11 ’24 that Haley Mark (SVP, Controller and PAO) sold a total of 25,787 shares of the company’s common stock. The trade occurred on Oct 11 ’24 and was made at $6.04 per share for $0.16 million. Following the transaction, the insider now directly holds 0.0 shares of the DBI stock.
Still, SEC filings show that on Sep 17 ’24, SONNENBERG HARVEY L (Director) disposed off 22,000 shares at an average price of $6.62 for $0.15 million. The insider now directly holds 3,180 shares of Designer Brands Inc (DBI).
