In yesterday’s Wall Street session, Designer Brands Inc (NYSE:DBI) shares traded at $5.14, down -11.53% from the previous session.
DBI stock price is now -28.27% away from the 50-day moving average and -41.25% away from the 200-day moving average. The market capitalization of the company currently stands at $297.09M.
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With the price target reduced from $11 to $10, Telsey Advisory Group maintained Market Perform rating for Designer Brands Inc (NYSE: DBI). On December 06, 2023, Telsey Advisory Group reiterated its ‘Market Perform’ rating on the stock by increasing its target price from $14 to quote $10, while the Telsey Advisory Group previously rated the stock as ‘Market Perform’ on May 27, 2021.
In other news, SONNENBERG HARVEY L, Director sold 9,000 shares of the company’s stock on Apr 11 ’24. The stock was sold for $77,868 at an average price of $8.65. Upon completion of the transaction, the Director now directly owns 2,199 shares in the company, valued at $11302.86. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 08 ’24, EVP, CFO & CAO Poff Jared A. sold 15,000 shares of the business’s stock. A total of $146,430 was realized by selling the stock at an average price of $9.76. This leaves the insider owning 255,064 shares of the company worth $1.31 million. A total of 25.54% of the company’s stock is owned by insiders.
During the past 12 months, Designer Brands Inc has had a low of $5.65 and a high of $13.16. As of last week, the company has a debt-to-equity ratio of 3.61, a current ratio of 1.29, and a quick ratio of 0.34. According to the stock market information, the enterprise value for the company is $1590544896, which is based on a 24.25 price-to-earnings ratio, a 1.65 price-to-earnings-growth ratio, and a beta of 2.03. The fifty day moving average price for DBI is $7.1344 and a two-hundred day moving average price translates $8.72145 for the stock.
The latest earnings results from Designer Brands Inc (NYSE: DBI) was released for 2024-05-04. The net profit margin was 0.60% and return on equity was 4.62% for DBI. The company reported revenue of $746.6 million for the quarter, compared to $742.08 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 0.61 percent.
