Designer Brands Inc (DBI) concluded trading on Thursday at a closing price of $10.89, with 3.68 million shares of worth about $40.07 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -11.10% during that period and on March 21, 2024 the price saw a loss of about -5.47%. Currently the company’s common shares owned by public are about 55.92M shares, out of which, 41.60M shares are available for trading.
However, the stock later moved at a day high price of 11.06, or with a loss of -5.47%. Stock saw a price change of 1.02% in past 5 days and over the past one month there was a price change of 18.50%. Year-to-date (YTD), DBI shares are showing a performance of 23.05% which increased to 20.46% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $6.14 but also hit the highest price of $13.44 during that period. The average intraday trading volume for Designer Brands Inc shares is 1.24 million. The stock is currently trading 4.15% above its 20-day simple moving average (SMA20), while that difference is up 14.46% for SMA50 and it goes to 7.54% higher than SMA200.
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Designer Brands Inc (NYSE: DBI) currently have 55.92M outstanding shares and institutions hold larger chunk of about 89.44% of that.
The stock has a current market capitalization of $619.21M and its 3Y-monthly beta is at 2.07. PE ratio of stock for trailing 12 months is 29.50, while it has posted earnings per share of $0.37 in the same period. Its PEG reads 2.01 and has Quick Ratio of 0.33 while making debt-to-equity ratio of 3.45. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for DBI, volatility over the week remained 10.41% while standing at 5.74% over the month.
Analysts are in expectations that Designer Brands Inc (DBI) stock would likely to be making an EPS of -$0.47 in the current quarter, while forecast for next quarter EPS is $0.16 and it is $0.81 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.49 which is -$0.44 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.07 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 18.97% while it is estimated to increase by 54.27% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Telsey Advisory Group on December 06, 2023 offering a Market perform rating for the stock and assigned a target price range of between $14 and $10 to it. Coverage by Telsey Advisory Group stated Designer Brands Inc (DBI) stock as a Market perform in their note to investors on May 27, 2021, suggesting a price target of $22 for the stock. On May 20, 2021, Telsey Advisory Group Reiterated their recommendations, while on March 11, 2021, Telsey Advisory Group Reiterated their ratings for the stock with a price target of $14. Stock get a Neutral rating from UBS on November 09, 2020.
