Designer Brands Inc (NYSE:DBI) traded with an addition of $0.7 to $12.79 on Thursday, an upside of 5.76 percent. An average of 1,278,351 shares of common stock have been traded in the last five days. There was a gain of $0.45 in the past week, and it reached a new high 6 times over the past 12 months. The last 20 days have seen an average of 1,965,128 shares traded, while the 50-day average volume stands at 1,605,207.
DBI stock has increased by 22.24% in the last month. The company shares reached their 1-month lowest point of $9.82 on 08/29/23. With the stock rallying to its 52-week high on 09/07/23, shares of the company touched a low of $6.14 and a high of $16.69 in 52 weeks. It has reached a new high 8 times so far this year and achieved 30.74% or $3.03 in price. In spite of this, the price is down -23.39% 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 7 days ago on Sep 21. In this transaction, the insider spent $546,981. President, Jordan William L, disposed of 105,018 shares at a price of $12.30 on Sep 20. The insider now owns more than $1,291,721 worth of shares. Prior to that, SVP, Controller and PAO Haley Mark went on to Sale 2,100 shares at $12.14 each on Sep 19. An amount of $25,494 was transacted.
Valuation Metrics
Designer Brands Inc (DBI) has a trailing price-to-earnings (P/E) ratio of 6.26, which compares with the N/A for the broader industry. The stock’s beta is 2.04. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.24, the price-to-book (PB) ratio at 1.78, and the price-to-cash flow ratio at 2.73.
The company has a payout ratio of 8.86%. 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 July 30 was 0.30, and the current ratio was 1.23, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 2.20 and a total debt to equity ratio of 2.60 for the quarter ending July 30. Its gross profit as reported stood at $1.08 billion compared to revenue of $3.32 billion.
Earnings Surprise
For the three-month period that ended July 30, Designer Brands Inc had $328.51 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $37.2 million in the quarter, while revenues of $11.42 million were shrunk -24.22%. The analyst consensus anticipated Designer Brands Inc’s latest quarter earnings to come in at $0.44 per share, but it turned out to be $0.59, a 34.10% surprise. For the quarter, EBITDA amounted to $77.26 million. Shareholders own equity worth $58.13 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 27 September was 65.91%, suggesting the stock is Neutral, with historical volatility in this time frame at 42.82%.
As of today, DBI’s price is $12.31 +3.68% or $0.45 from its 5-day moving average. DBI is currently trading +23.96% higher than its 20-day SMA and +63.54% higher than its 100-day SMA. However, the stock’s current price level is +33.52% above the SMA50 and +25.91% above the SMA200.
The stochastic %K and %D were 49.29% and 46.23%, respectively, and the average true range (ATR) was 0.59. With the 14-day stochastic at 86.84% and the average true range at 0.59, the RSI (14) stands at 63.89%. The stock has reached 0.04 on the 9-day MACD Oscillator while the 14-day reading was at 0.11.
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 36.05% for the stock.
