Designer Brands Inc (NYSE: DBI) is -5.24% 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 $5.34 in the last trading session, with the day’s loss setting it -0.28%.
Currently trading at $5.06, the stock is -8.32% and -7.63% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.67 million and changing -5.24% at the moment leaves the stock -26.47% off its SMA200. DBI registered -41.57% loss for a year compared to 6-month loss of -35.04%. The firm has a 50-day simple moving average (SMA 50) of $5.478 and a 200-day simple moving average (SMA200) of $6.88125.
The stock witnessed a -11.07% gain in the last 1 month and extending the period to 3 months gives it a -9.16%, and is -10.28% 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 5.34% over the week and 6.67% over the month.
Designer Brands Inc (DBI) has around 14000 employees, a market worth around $242.52M and $3.05B in sales. Fwd P/E is 8.72. Profit margin for the company is -0.07%. Distance from 52-week low is 16.05% and -56.25% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.14%).
The EPS is expected to shrink by -68.93% this year
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 33.25M with Short Float at 24.91%. 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 489,149 shares of the company’s common stock on Jan 10 ’25 at a price of $5.65 per share for a total of $2.76 million. Following the purchase, the insider now owns 5.49 million shares.
Designer Brands Inc disclosed in a document filed with the SEC on Jan 13 ’25 that Stone House Capital Management (Member of a 10% Group) bought a total of 10,851 shares of the company’s common stock. The trade occurred on Jan 13 ’25 and was made at $5.28 per share for $57293.0. Following the transaction, the insider now directly holds 5.5 million shares of the DBI stock.
Still, SEC filings show that on Dec 10 ’24, Stone House Capital Management (Member of a 10% Group) acquired 250,000 shares at an average price of $5.63 for $1.41 million. The insider now directly holds 5,000,000 shares of Designer Brands Inc (DBI).
