Designer Brands Inc. (NYSE:DBI) saw an upside of 1.11% to close Tuesday at $10.00 after adding $0.11 on the day. The 5-day average trading volume is 1,455,520 shares of the company’s common stock. It has gained $10.71 in the past week and touched a new high 2 times within the past 5 days. An average of 1,336,600 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,740,244.
DBI’s 1-month performance is 4.17% or $0.63 on its low of $9.37 reached on 07/24/23. The company’s shares have touched a 52-week low of $6.14 and high of $18.19, with the stock’s rally to the 52-week high happening on 02/03/23. YTD, DBI has achieved 2.25% or $0.22 and has reached a new high 7 times. However, the current price is down -45.02% from the 52-week high price.
Top 5 AI Stocks to Buy for 2023
The artificial intelligence (AI) revolution is already here. And it's about to change everything we know about everything.
According to Grand View Research, the global AI boom could grow from about $137 billion in 2022 to more than $1.81 trillion by 2030. And investors like you always want to get in on the hottest stocks of tomorrow. Here are five of the best ways to profit from the AI boom.
Click Here to Download the FREE Report.
Sponsored
Insider Transactions
DBI stock investors last saw insider trading activity on Jul 13.Poff Jared A. (EVP, CFO & CAO) most recently sold 5,000 shares at $10.24 per share on Jul 13. This transaction cost the insider $51,175. Vice Chair, Chief Product Off, Ferree Deborah L, sold 46,635 shares at a price of $10.91 on Jul 12. Then, on Jul 11, Vice Chair, Chief Product Off Ferree Deborah L sold 3,365 shares at a price of $10.85 per share. This transaction amounted to $36,510.
Valuation Metrics
DBI stock has a beta of 2.12. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.20 while the price-to-book (PB) in the most recent quarter is 1.46, with the price to cash flow ratio at 3.06.
Designer Brands Inc.’s quick ratio for the period ended April 29 was 0.30, with the current ratio over the same period at 1.30. As well, the company’s long term debt to equity for the quarter ending April 29 was 0.89, while the total debt to equity was 0.89.. In terms of profitability, the gross margin trailing 12 months is 32.30%. The firm’s gross profit as reported stood at $1.08 billion against revenue of $3.32 billion.
Earnings Surprise
For the quarterly period ending April 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -129.25% to $11.42 million, while revenue of $45.11 million was -295.01% off the previous quarter. Analysts expected DBI to announce $0.23 per share in earnings in its latest quarter, but it posted $0.21, representing a -8.70% surprise. EBITDA for the quarter stood at more than $36.17 million. DBI stock balance sheet for the quarter ending April 29 shows that total liabilities totaled 1.69 billion, with total debt at $1.21 billion. Shareholders hold equity totaling $65.81 million.
Let’s look briefly at Designer Brands Inc. (DBI) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 August was 46.84% to suggest the stock is trending Neutral, with historical volatility in this time period at 52.73%.
The stock’s 5-day moving average is $10.21, reflecting a -3.85% or -$0.40 change from its current price. DBI is currently trading +3.95% above its 20-day SMA, +14.68% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +16.28% and SMA200 by-31.51%.
Stochastic %K and %D was 51.04% and 60.77% and the average true range (ATR) pointed at 0.49. The RSI (14) points at 49.81%, while the 14-day stochastic is at 33.64% with the period’s ATR at 0.47. The stock’s 9-day MACD Oscillator is pointing at -0.06 and -0.02 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Designer Brands Inc. (NYSE: DBI), Telsey Advisory Group reiterated its a Market perform rating for the company but lifted their price target by $20 to $22.
