Designer Brands Inc. (NYSE:DBI)’s traded shares stood at 1.79 million during the latest session, with the company’s beta value hitting 2.04. At the last check today, the stock’s price was $9.36, to imply an increase of 13.10% or $1.08 in intraday trading. The DBI share’s 52-week high remains $19.38, putting it -107.05% down since that peak but still an impressive 15.28% since price per share fell to its 52-week low of $7.93. The company has a valuation of $543.17M, with an average of 2.1 million shares in intraday trading volume over the past 10 days and average of 1.77 million shares over the past 3 months.
Analysts have given a consensus recommendation of a Hold for Designer Brands Inc. (DBI), translating to a mean rating of 3.00. Of 4 analyst(s) looking at the stock, 0 analyst(s) give DBI a Sell rating. 0 of those analysts rate the stock as Overweight while 4 advise Hold as 0 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -$0.01.
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Designer Brands Inc. (NYSE:DBI) trade information
After registering a 13.10% upside in the latest session, Designer Brands Inc. (DBI) has traded red over the past five days. The stock hit a weekly high of 9.55 this Wednesday, 03/15/23, jumping 13.10% in its intraday price action. The 5-day price performance for the stock is 0.59%, and -8.01% over 30 days. With these gigs, the year-to-date price performance is -4.24%. Short interest in Designer Brands Inc. (NYSE:DBI) saw shorts transact 7.6 million shares and set a 3.94 days time to cover.
Analysts on Wall Street suggest a consensus price target of $11.50, implying an increase of 18.61% to the stock’s recent value. The extremes give us $11.00 and $12.00 for target low and target high price respectively. As such, DBI has been trading -28.21% off suggested target high and -17.52% from its likely low.
Designer Brands Inc. (DBI) estimates and forecasts
Looking at statistics comparing Designer Brands Inc. share performance against respective industry, we note that the company has outperformed competitors. Designer Brands Inc. (DBI) shares are -41.83% down over the last 6 months, with its year-to-date growth rate higher than industry average at 4.12% against -0.80%. Revenue is forecast to shrink -106.70% this quarter before jumping 4.20% for the next one. The rating firms project that company’s revenue will grow 4.90% compared to the previous financial year.
Revenue forecast for the current quarter as set by 4 analysts is $797.9 million. Meanwhile, for the quarter ending Apr 2023, a total of 2 analyst(s) estimate revenue growth to $809.82 million.Earnings reports from the last fiscal year show that sales brought in $822.63 million and $830.54 million respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -3.00% before dropping -2.50% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 5.70% for the past 5-year period. While 2023 is set for a 129.50% return in earnings, projections for the next 5 years are at 14.68% annually.
Designer Brands Inc. has its next earnings report out on March 16. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Designer Brands Inc. has a forward dividend ratio of 0.20, with the share yield ticking at 2.42% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.
Designer Brands Inc. (NYSE:DBI)’s Major holders
Designer Brands Inc. insiders hold 15.81% of total outstanding shares, with institutional holders owning 95.76% of the shares at 113.74% float percentage. In total, 95.76% institutions holds shares in the company, led by Blackrock Inc. As of Sep 29, 2022, the company held over 9.25 million shares (or 16.55% of shares), all amounting to roughly $141.62 million.
The next major institution holding the largest number of shares is Vanguard Group, Inc. (The) with 6.39 million shares, or about 11.43% of shares outstanding. As of the market price on Sep 29, 2022, these shares were worth $97.85 million.
We also have iShares Core S&P Smallcap ETF and Vanguard Total Stock Market Index Fund as the top two Mutual Funds with the largest holdings of the Designer Brands Inc. (DBI) shares. Going by data provided on Dec 30, 2022, iShares Core S&P Smallcap ETF holds roughly 3.77 million shares. This is just over 6.74% of the total shares, with a market valuation of $36.86 million. Data from the same date shows that the other fund manager holds a little less at 1.71 million, or 3.06% of the shares, all valued at about 26.16 million.