As of Wednesday close, Designer Brands Inc.’s (NYSE:DBI) stock was down -$0.13, moving down -1.24 percent to $10.33. The average number of shares traded per day over the past five days has been 1,388,920 shares. 3 times new highs have been achieved over the past 5 days, with a $0.23 gain in that time frame. In the last twenty days, the average volume was 1,362,645, while in the previous 50 days, it was 1,554,256.
Since last month, DBI stock rose 5.30%. Shares of the company fell to $9.54 on 08/23/23, the lowest level in the past month. A 52-week high of $18.16 was reached on 02/03/23 after having rallying from a 52-week low of $6.14. Since the beginning of this year, DBI’s stock price has risen by 5.62% or $0.55, and marked a new high 7 times. However, the stock has declined by -43.12% since its 52-week high.
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DBI stock investors should be aware that Designer Brands Inc. (DBI) stock had its last reported insider trading activity 49 days ago on Jul 13. Poff Jared A., the EVP, CFO & CAO of the company, disposed of 5,000 shares for $10.24 on Jul 13. It resulted in a $51,175 divestment by the insider. Ferree Deborah L sold 46,635 shares at an average price of $10.91 on Jul 12. The insider now owns 390,700 shares following the transaction. On Jul 11, Vice Chair, Chief Product Off Ferree Deborah L sold 3,365 shares at $10.85 apiece. The transaction was valued at $36,510.
Valuation Metrics
Right now, Designer Brands Inc. (DBI) has a P/E ratio of about 4.90. The stock’s beta is 2.13. Besides these, the trailing price-to-sales (P/S) ratio of 0.21, the price-to-book (PB) ratio of 1.51, and the price-to-cash flow ratio of 3.27 may also be considered.
The latest dividend of $0.05 per share was paid out, remained unchanged from last year’s $0.05. On Monday April 11 2022, a $0.05 dividend decrease was announced.
Financial Health
In the three months ended April 29, Designer Brands Inc.’s quick ratio stood at 0.30, while its current ratio was 1.30, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending April 29 was 0.89, and the total debt-to-equity ratio was 0.89. On the profitability front, the trailing twelve-month gross margin is 32.30% percent. In the year ended April 29, EBITDA margin amounted to 8.21%, whereas operating margins totaled 4.80%. Based on annual data, DBI earned $1.08 billion in gross profit and brought in $3.32 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 24.90%. Return on equity (ROE) for the past 12 months was 36.60%.
In Designer Brands Inc.’s quarter-end financial report for April 29, it reported total debt of $390.3 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. DBI’s revenue fell -11.92% to $760.55 million during the quarter, while net income inched up to $742.08 million. While analysts expected Designer Brands Inc. to report $0.23 quarterly earnings, the actual figure was $0.21 per share, beating the consensus estimate by -8.70%. During the quarter, the company generated $36.17 million in EBITDA. The liabilities of Designer Brands Inc. were 1.69 billion at the end of its most recent quarter ended April 29, and its total debt was $1.21 billion. The value of shareholders’ equity is $65.81 million.
Technical Picture
This quick technical analysis looks at Designer Brands Inc.’s (DBI) price momentum. With a historical volatility rate of 48.86%, the RSI 9-day stood at 55.59% on 30 August.
With respect to its five-day moving average, the current Designer Brands Inc. price is up by +2.28% percent or $0.23. At present, DBI shares trade +4.87% above its 20-day simple moving average and +23.71% percent above its 100-day simple moving average. However, the stock is currently trading approximately +14.40% above its SMA50 and -32.83% below its SMA200.
Stochastic coefficient K was 65.53% and Stochastic coefficient D was 52.52%, while ATR was 0.48. Given the Stochastic reading of 67.52% for the 14-day period, the RSI (14) reading has been calculated as 54.93%. As of today, the MACD Oscillator reading stands at 0.16, while the 14-day reading stands at 0.09.
Analyst Ratings
Telsey Advisory Group reiterated its a Market perform rating on Designer Brands Inc. (NYSE: DBI) in a note to investors. The analysts firm has however raised their price target to $22, representing a possible 48.35% increase in the stock price. Designer Brands Inc. (DBI) has been rated Hold by analysts. According to 0 brokerage firms, DBI is a sell, and 5 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Designer Brands Inc. stock as buy, with 0 recommending it as overweight.
With a median target price of $9.00, the current consensus forecast for the stock is $8.00 – $11.00. Based on these forecasts, analysts predict Designer Brands Inc. (DBI) will achieve an average price target of $9.33.
