Designer Brands Inc (NYSE: DBI) Is A Bargain Stock You Should Consider.

In the last trading session, 1.17 million Designer Brands Inc (NYSE:DBI) shares changed hands as the company’s beta touched 2.04. With the company’s per share price at $4.96 changed hands at -$0.08 or -1.59% during last session, the market valuation stood at $270.91M. DBI’s last price was a discount, traded about -158.87% off its 52-week high of $12.84. The share price had its 52-week low at $4.36, which suggests the last value was 12.1% up since then. When we look at Designer Brands Inc’s average trading volume, we note the 10-day average is 1.92 million shares, with the 3-month average coming to 2.52 million.

Analysts gave the Designer Brands Inc (DBI) stock a consensus recommendation rating of Hold, calculated at a mean rating of 3.00. If we narrow down to specifics, the data shows that 0 out of 2 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 2 recommended DBI as a Hold, 0 felt it is a Buy and 0 rated the stock as Underweight.

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Designer Brands Inc (NYSE:DBI) trade information

Instantly DBI was in red as seen at the end of in last trading. With action 1.43%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -43.95%, with the 5-day performance at 1.43% in the green. However, in the 30-day time frame, Designer Brands Inc (NYSE:DBI) is -6.77% down. Looking at the short shares, we see there were 9.33 million shares sold at short interest cover period of 6.56 days.

The consensus price target for the stock as assigned by Wall Street analysts is 10, meaning bulls need an upside of 50.4% from its current market value. According to analyst projections, DBI’s forecast low is 10 with 20 as the target high. To hit the forecast high, the stock’s price needs a -303.23% plunge from its current level, while the stock would need to soar -101.61% 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 -50.65% over the past 6 months, a -20.59% in annual growth rate that is considerably lower than the industry average of 9.00%.

The 2024 estimates are for Designer Brands Inc earnings to decrease by -24.67%, but the outlook for the next 5-year period is at 14.68% per year.

DBI Dividends

Designer Brands Inc is expected to release its next quarterly earnings report in January. The 4.03% annual yield figure for the share gives it an annual dividend of 0.20. It is important to note, however, that the 4.03% 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. During the past 5 years, the average dividend yield was 5.26 per year.

Designer Brands Inc (NYSE:DBI)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 16.93% of Designer Brands Inc shares while 94.47% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 113.72%. There are 94.47% institutions holding the Designer Brands Inc stock share, with BLACKROCK INC. the top institutional holder. As of 2024-06-30, the company held 11.9206% of the shares, roughly 6.85 million DBI shares worth $46.79 million.

VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 6.9124% or 3.97 million shares worth $27.13 million as of 2024-06-30.