Shares of Designer Brands Inc (NYSE:DBI) have received an average broker rating score of 2.50 (Hold) from the ten brokers that provide coverage for the company, Zacks Investment Research reports. Seven investment analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and two have issued a strong buy recommendation on the company. Designer Brands’ rating score has improved by 6.4% from 90 days ago as a result of a number of analysts’ upgrades and downgrades.
Analysts have set a twelve-month consensus price objective of $28.29 for the company and are expecting that the company will post $0.43 earnings per share for the current quarter, according to Zacks. Zacks has also given Designer Brands an industry rank of 73 out of 255 based on the ratings given to its competitors.
Separately, CL King raised Designer Brands from a “buy” rating to a “strong-buy” rating and set a $23.00 price target for the company in a report on Friday, April 12th.
DBI stock traded down $0.05 during trading on Friday, reaching $23.05. The company had a trading volume of 13,269 shares, compared to its average volume of 3,178,571. The stock has a market capitalization of $1.86 billion, a PE ratio of 13.95, a price-to-earnings-growth ratio of 1.38 and a beta of 1.09. The company has a quick ratio of 0.67, a current ratio of 2.06 and a debt-to-equity ratio of 0.19. Designer Brands has a twelve month low of $20.21 and a twelve month high of $34.63.
Designer Brands (NYSE:DBI) last issued its quarterly earnings results on Tuesday, March 19th. The company reported ($0.07) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.10). Designer Brands had a positive return on equity of 14.76% and a negative net margin of 0.64%. The company had revenue of $843.37 million for the quarter, compared to analyst estimates of $850.67 million. On average, equities research analysts expect that Designer Brands will post 1.86 earnings per share for the current year.
A hedge fund recently bought a new stake in Designer Brands stock. Prime Capital Investment Advisors LLC purchased a new position in shares of Designer Brands Inc (NYSE:DBI) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 2,500 shares of the company’s stock, valued at approximately $56,000. Hedge funds and other institutional investors own 84.71% of the company’s stock.
Designer Brands Company Profile
Designer Brands Inc designs, producers, and retails footwear and accessories for women, men, and kids primarily in North America. It operates through three segments: The U.S. Retail, the Canada Retail, and the Brand Portfolio. The company also provides handbags, hosiery, jewelry, and other accessories.
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