TheStreet lowered shares of Designer Brands (NYSE:DBI) from a b- rating to a c+ rating in a research report report published on Monday, TheStreetRatingsTable reports.
Several other research firms also recently weighed in on DBI. Zacks Investment Research downgraded shares of Designer Brands from a buy rating to a hold rating in a research note on Tuesday, July 30th. Canaccord Genuity decreased their price target on shares of Designer Brands from $25.00 to $24.00 and set a hold rating for the company in a research note on Friday, May 31st. ValuEngine downgraded shares of Designer Brands from a sell rating to a strong sell rating in a research note on Thursday, June 13th. Finally, Wedbush decreased their price target on shares of Designer Brands from $28.00 to $25.00 and set a neutral rating for the company in a research note on Thursday, May 16th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a strong buy rating to the company. Designer Brands has an average rating of Hold and an average price target of $23.00.
DBI stock opened at $14.35 on Monday. The firm has a market capitalization of $1.18 billion, a price-to-earnings ratio of 8.64, a price-to-earnings-growth ratio of 0.53 and a beta of 1.21. The company has a current ratio of 1.50, a quick ratio of 0.43 and a debt-to-equity ratio of 1.52. Designer Brands has a 12-month low of $14.09 and a 12-month high of $34.63. The firm has a fifty day moving average price of $17.96.
Designer Brands (NYSE:DBI) last released its earnings results on Thursday, May 30th. The company reported $0.43 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.43. Designer Brands had a negative net margin of 0.41% and a positive return on equity of 15.85%. The business had revenue of $878.52 million for the quarter, compared to analyst estimates of $874.97 million. During the same quarter in the previous year, the business earned $0.39 earnings per share. Designer Brands’s revenue for the quarter was up 23.4% on a year-over-year basis. Equities analysts anticipate that Designer Brands will post 1.92 earnings per share for the current year.
In other news, Chairman Deborah L. Ferree sold 70,000 shares of the business’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $18.87, for a total transaction of $1,320,900.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Joanne Zaiac sold 3,688 shares of the business’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $19.14, for a total transaction of $70,588.32. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 81,612 shares of company stock valued at $1,536,418. Insiders own 17.40% of the company’s stock.
Several large investors have recently bought and sold shares of the company. BlackRock Inc. bought a new stake in shares of Designer Brands during the second quarter worth about $169,576,000. Vanguard Group Inc. bought a new stake in shares of Designer Brands during the second quarter worth about $129,662,000. Northern Trust Corp bought a new stake in shares of Designer Brands during the second quarter worth about $34,342,000. Bank of New York Mellon Corp bought a new stake in shares of Designer Brands during the second quarter worth about $26,105,000. Finally, Allianz Asset Management GmbH bought a new stake in shares of Designer Brands during the second quarter worth about $23,505,000. 81.57% of the stock is owned by institutional investors.
Designer Brands Company Profile
Designer Brands Inc designs, producers, and retails footwear and accessories for women, men, and kids primarily in North America. It operates through three segments: The U.S. Retail, the Canada Retail, and the Brand Portfolio. The company also provides handbags, hosiery, jewelry, and other accessories.
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