In last trading session, Designer Brands Inc (NYSE:DBI) saw 3.68 million shares changing hands with its beta currently measuring 2.07. Company’s recent per share price level of $10.89 trading at -$0.63 or -5.47% at ring of the bell on the day assigns it a market valuation of $619.21M. That closing price of DBI’s stock is at a discount of -23.42% from its 52-week high price of $13.44 and is indicating a premium of 43.62% from its 52-week low price of $6.14. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.85 million shares which gives us an average trading volume of 1.24 million if we extend that period to 3-months.
Designer Brands Inc (NYSE:DBI) trade information
Upright in the red during last session for losing -5.47%, in the last five days DBI remained trading in the green while hitting it’s week-highest on Wednesday, 03/20/24 when the stock touched $10.89 price level, adding 5.8% to its value on the day. Designer Brands Inc’s shares saw a change of 23.05% in year-to-date performance and have moved 1.02% in past 5-day. Designer Brands Inc (NYSE:DBI) showed a performance of 18.50% in past 30-days. Number of shares sold short was 9.23 million shares which calculate 8.26 days to cover the short interests.
Designer Brands Inc (DBI) estimates and forecasts
Statistics highlight that Designer Brands Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -11.10% of value to its shares in past 6 months, showing an annual growth rate of -64.86% while that of industry is 1.40. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. The company is estimating its revenue growth to decrease by -771.40% in the current quarter and calculating -23.80% decrease in the next quarter. This year revenue growth is estimated to fall -7.50% from the last financial year’s standing.
4 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $747.35 million for the same. And 3 analysts are in estimates of company making revenue of $721.82 million in the next quarter that will end on Apr 2024.
In 2024, company’s earnings growth rate is likely to be around 18.97% while estimates for its earnings growth in next 5 years are of 14.68%.
DBI Dividends
Designer Brands Inc is more likely to be releasing its next quarterly report on March 21 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Designer Brands Inc (NYSE:DBI)’s Major holders
Insiders are in possession of 17.64% of company’s total shares while institution are holding 105.49 percent of that, with stock having share float percentage of 128.09%. Investors also watch the number of corporate investors in a company very closely, which is 105.49% institutions for Designer Brands Inc that are currently holding shares of the company. Blackrock Inc. is the top institutional holder at DBI for having 8.22 million shares of worth $82.99 million. And as of Jun 29, 2023, it was holding 16.30% of the company’s outstanding shares.
The second largest institutional holder is Vanguard Group Inc, which was holding about 5.89 million shares on Jun 29, 2023. The number of shares represents firm’s hold over 11.68% of outstanding shares, having a total worth of $59.45 million.
On the other hand, iShares Core S&P Smallcap ETF and Pacer Small Cap U.S. Cash Cows 100 ETF are the top two Mutual Funds which own company’s shares. As of Sep 29, 2023, the former fund manager was holding 3.32 million shares of worth $42.09 million or 6.60% of the total outstanding shares. The later fund manager was in possession of 1.84 million shares on Jul 30, 2023, making its stake of worth around $18.35 million in the company or a holder of 3.66% of company’s stock.
