In the last trading session, 1.08 million Designer Brands Inc (NYSE:DBI) shares changed hands as the company’s beta touched 1.98. With the company’s per share price at $10.55 changed hands at $0.11 or 1.05% during last session, the market valuation stood at $613.27M. DBI’s last price was a discount, traded about -55.36% off its 52-week high of $16.39. The share price had its 52-week low at $6.14, which suggests the last value was 41.8% up since then. When we look at Designer Brands Inc’s average trading volume, we note the 10-day average is 1.11 million shares, with the 3-month average coming to 1.59 million.
Analysts gave the Designer Brands Inc (DBI) stock a consensus recommendation rating of a Hold, calculated at a mean rating of 3.00. If we narrow down to specifics, the data shows that 0 out of 5 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 5 recommended DBI as a Hold, 0 felt it is a Buy and 0 rated the stock as Underweight. Designer Brands Inc’s EPS for the current quarter is expected to be $D.R. Horton, Inc..
Designer Brands Inc (NYSE:DBI) trade information
Instantly DBI was in green as seen at the end of in last trading. With action 6.35%, the performance over the past five days has been green. The jump to weekly highs of 11.04 on Monday, 11/20/23 added 1.05% to the stock’s daily price. The company’s shares are showing year-to-date upside of 7.87%, with the 5-day performance at 6.35% in the green. However, in the 30-day time frame, Designer Brands Inc (NYSE:DBI) is -5.64% down. Looking at the short shares, we see there were 10.06 million shares sold at short interest cover period of 7.05 days.
The consensus price target for the stock as assigned by Wall Street analysts is $12.67, meaning bulls need an upside of 16.73% from its current market value. According to analyst projections, DBI’s forecast low is $11.00 with $14.00 as the target high. To hit the forecast high, the stock’s price needs a -32.7% plunge from its current level, while the stock would need to soar -4.27% for it to hit the projected low.
Designer Brands Inc (DBI) estimates and forecasts
Data shows that the Designer Brands Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 42.18% over the past 6 months, a -30.27% in annual growth rate that is considerably lower than the industry average of -8.50%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 21.96%. The 2023 estimates are for Designer Brands Inc earnings to decrease by -31.34%, but the outlook for the next 5-year period is at 14.68% per year.
Designer Brands Inc is expected to release its next quarterly earnings report between November 29 and December 04. The 1.99% annual yield figure for the share gives it an annual dividend of 0.21. It is important to note, however, that the 1.99% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision.
Designer Brands Inc (NYSE:DBI)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 15.02% of Designer Brands Inc shares while 98.60% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 116.03%. There are 98.60% institutions holding the Designer Brands Inc stock share, with Blackrock Inc. the top institutional holder. As of Jun 29, 2023, the company held 16.30% of the shares, roughly 8.22 million DBI shares worth $82.99 million.
Vanguard Group Inc holds the second largest percentage of outstanding shares, with 11.68% or 5.89 million shares worth $59.45 million as of Jun 29, 2023.
Among Mutual Funds, the top two as of Sep 29, 2023 were iShares Core S&P Smallcap ETF and Pacer Small Cap U.S. Cash Cows 100 ETF. With 3.32 million shares estimated at $42.09 million under it, the former controlled 6.60% of total outstanding shares. On the other hand, Pacer Small Cap U.S. Cash Cows 100 ETF held about 3.66% of the shares, roughly 1.84 million shares worth around $18.35 million.