Designer Brands Inc. (NYSE:DBI) finished Wednesday with a subtraction of -$0.25 to close at $9.86, a downside of -2.47 percent. An average of 1,104,000 shares of common stock have been traded in the last five days. There was a gain of $0.01 in the past week, and it reached a new high 3 times over the past 12 months. The last 20 days have seen an average of 1,369,895 shares traded, while the 50-day average volume stands at 2,064,586.
DBI stock has decreased by -7.24% in the last month. The company shares reached their 1-month lowest point of $9.28 on 07/21/23. With the stock rallying to its 52-week high on 02/03/23, shares of the company touched a low of $6.14 and a high of $19.38 in 52 weeks. It has reached a new high 7 times so far this year and achieved 0.82% or $0.08 in price. In spite of this, the price is down -49.12% from the 52-week high.
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Insider Transactions
DBI stock investors should be aware that Designer Brands Inc. (DBI) stock had its last reported insider trading activity 28 days ago on Jul 13. In this transaction, the insider spent $51,175. Vice Chair, Chief Product Off, Ferree Deborah L, disposed of 46,635 shares at a price of $10.91 on Jul 12. The insider now owns more than $508,788 worth of shares. Prior to that, Vice Chair, Chief Product Off Ferree Deborah L went on to Sale 3,365 shares at $10.85 each on Jul 11. An amount of $36,510 was transacted.
Valuation Metrics
Designer Brands Inc. (DBI) has a trailing price-to-earnings (P/E) ratio of 4.68. The stock’s beta is 2.13. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.20, the price-to-book (PB) ratio at 1.44, and the price-to-cash flow ratio at 3.23.
The company has a payout ratio of 4.40%. The company’s most recent quarterly dividend payment was $0.05 a share, without any change from last year. Its latest decrease dividend $0.05 reported on Monday April 11 2022.
Financial Health
The quick ratio of Designer Brands Inc. for the three months ended April 29 was 0.30, and the current ratio was 1.30, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.89 and a total debt to equity ratio of 0.00 for the quarter ending April 29. Designer Brands Inc.’s EBITDA margin for the year ending April 29 is 8.21%, while its operating margin for the same period stands at 4.80%. Its gross profit as reported stood at $1.08 billion compared to revenue of $3.32 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Designer Brands Inc.’s return on assets was 7.00%.
Earnings Surprise
For the three-month period that ended April 29, Designer Brands Inc. had $390.3 million in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $11.42 million in the quarter, while revenues of $45.11 million were shrunk -129.25%. The analyst consensus anticipated Designer Brands Inc.’s latest quarter earnings to come in at $0.23 per share, but it turned out to be $0.21, a -8.70% surprise. For the quarter, EBITDA amounted to $36.17 million. Shareholders own equity worth $65.81 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Designer Brands Inc. (DBI) price momentum. RSI 9-day as of the close on 09 August was 47.13%, suggesting the stock is Neutral, with historical volatility in this time frame at 26.40%.
As of today, DBI’s price is $10.11 +0.10% or $0.01 from its 5-day moving average. DBI is currently trading -7.94% lower than its 20-day SMA and +5.79% higher than its 100-day SMA. However, the stock’s current price level is +48.72% above the SMA50 and -31.24% below the SMA200.
The stochastic %K and %D were 64.91% and 74.61%, respectively, and the average true range (ATR) was 0.36. With the 14-day stochastic at 50.88% and the average true range at 0.38, the RSI (14) stands at 51.02%. The stock has reached 0.01 on the 9-day MACD Oscillator while the 14-day reading was at 0.10.
Analyst Ratings
Telsey Advisory Group reiterated its a Market perform rating on Designer Brands Inc. (NYSE: DBI), but raised their price target to $20, indicating a potential price increase of 50.7% for the stock. The consensus rating for Designer Brands Inc. (DBI) among analysts is Hold. According to current brokerage recommendations, 0 brokerage firms advise that investors sell DBI, while 5 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 0 others rate it as a “buy”.
What is DBI’s price target for the next 12 months?
Analysts predict a range of price targets between $8.00 and $11.00, with a median target of $9.00. Taking a look at these predictions, the average price target given by analysts for Designer Brands Inc. (DBI) stock is $9.33.
