Designer Brands (NYSE:DBI) was downgraded by research analysts at TheStreet from a “b-” rating to a “c+” rating in a note issued to investors on Monday, TheStreetRatingsTable reports.
Several other brokerages have also issued reports on DBI. Canaccord Genuity decreased their price target on shares of Designer Brands from $25.00 to $24.00 and set a “hold” rating for the company in a report on Friday, May 31st. Zacks Investment Research lowered shares of Designer Brands from a “buy” rating to a “hold” rating in a report on Tuesday, July 30th. Wedbush decreased their price target on shares of Designer Brands from $28.00 to $25.00 and set a “neutral” rating for the company in a report on Thursday, May 16th. Finally, ValuEngine lowered shares of Designer Brands from a “sell” rating to a “strong sell” rating in a report on Thursday, June 13th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $23.00.
Shares of DBI stock opened at $15.90 on Monday. Designer Brands has a 12-month low of $15.06 and a 12-month high of $34.63. The firm has a market cap of $1.29 billion, a price-to-earnings ratio of 9.58, a price-to-earnings-growth ratio of 0.57 and a beta of 1.21. The company has a quick ratio of 0.43, a current ratio of 1.50 and a debt-to-equity ratio of 1.52. The company has a fifty day moving average price of $18.11.
Designer Brands (NYSE:DBI) last announced its quarterly earnings results on Thursday, May 30th. The company reported $0.43 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.43. Designer Brands had a negative net margin of 0.41% and a positive return on equity of 15.85%. The company had revenue of $878.52 million during the quarter, compared to analyst estimates of $874.97 million. During the same quarter in the previous year, the business earned $0.39 EPS. The firm’s revenue was up 23.4% on a year-over-year basis. Sell-side analysts predict that Designer Brands will post 1.92 earnings per share for the current year.
In related news, Director Harvey L. Sonnenberg sold 7,924 shares of the company’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $18.29, for a total value of $144,929.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Joanne Zaiac sold 3,688 shares of the company’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $19.14, for a total transaction of $70,588.32. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 81,612 shares of company stock valued at $1,536,418. Company insiders own 17.40% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Versant Capital Management Inc acquired a new position in shares of Designer Brands during the 1st quarter worth about $26,000. Advisors Preferred LLC bought a new position in Designer Brands during the second quarter worth $26,000. Truvestments Capital LLC bought a new position in Designer Brands during the second quarter worth $27,000. US Bancorp DE bought a new position in Designer Brands during the second quarter worth $31,000. Finally, Advisory Services Network LLC bought a new position in Designer Brands during the first quarter worth $37,000. Institutional investors own 81.57% 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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