Designer Brands Inc (NYSE: DBI) is -36.70% lower on its value in year-to-date trading and has touched a low of $3.20 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 $3.25 in the last trading session, with the day’s gains setting it 0.13%.
Currently trading at $3.38, the stock is -21.01% and -31.49% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.01 million and changing 4.00% at the moment leaves the stock -45.26% off its SMA200. DBI registered -67.06% loss for a year compared to 6-month loss of -41.82%. The firm has a 50-day simple moving average (SMA 50) of $4.9334 and a 200-day simple moving average (SMA200) of $6.1751.
The stock witnessed a -35.86% gain in the last 1 month and extending the period to 3 months gives it a -41.62%, and is -17.56% 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 9.95% over the week and 7.59% over the month.
Designer Brands Inc (DBI) has around 14000 employees, a market worth around $162.00M and $3.05B in sales. Fwd P/E is 6.60. Profit margin for the company is -0.07%. Distance from 52-week low is 5.63% and -70.77% 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 -70.20% this year
211.0 institutions hold shares in Designer Brands Inc (DBI), with institutional investors hold 125.99% of the company’s shares. The shares outstanding are 40.14M, and float is at 33.22M with Short Float at 23.37%. Institutions hold 100.56% 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 3.8811 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 Fund 1 Investments, LLC, the company’s 10% Owner. SEC filings show that Fund 1 Investments, LLC sold 250,000 shares of the company’s common stock on Jan 28 ’25 at a price of $5.39 per share for a total of $1.35 million. Following the sale, the insider now owns 1.85 million shares.
Designer Brands Inc disclosed in a document filed with the SEC on Jan 10 ’25 that Stone House Capital Management (Member of a 10% Group) bought a total of 489,149 shares of the company’s common stock. The trade occurred on Jan 10 ’25 and was made at $5.65 per share for $2.76 million. Following the transaction, the insider now directly holds 5.49 million shares of the DBI stock.
Still, SEC filings show that on Jan 13 ’25, Stone House Capital Management (Member of a 10% Group) acquired 10,851 shares at an average price of $5.28 for $57293.0. The insider now directly holds 5,500,000 shares of Designer Brands Inc (DBI).
