Designer Brands Inc. (NYSE:DBI) price closed lower on Monday, September 13, dropping -1.37% below its previous close.
A look at the daily price movement shows that the last close reads $12.38, with intraday deals fluctuated between $12.07 and $12.66. The company’s 5Y monthly beta was ticking 2.58. Taking into account the 52-week price action we note that the stock hit a 52-week high of $20.48 and 52-week low of $4.31. The stock subtracted -18.87% on its value in the past month.
Designer Brands Inc., which has a market valuation of $928.81 million, is expected to release its quarterly earnings report Dec 07, 2021 – Dec 13, 2021. Analysts tracking DBI have forecast the quarterly EPS to grow by 0.48 per share this quarter, while the same analysts predict the annual EPS to hit $1.12 for the year 2021 and up to $1.36 for 2023. In this case, analysts estimate an annual EPS growth of 128.70% for the year and 21.40% for the next year.
On average, analysts have forecast the company’s revenue for the quarter will hit $879.21 million, with the likely lows of $849 million and highs of $926.3 million. Staying with the analyst view, there is a consensus estimate of $3.2 billion for the company’s annual revenue in 2022. Per this projection, the revenue is forecast to grow 43.10% above that which the company brought in 2022.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with 3 upward and no downward reviews. On the technical perspective front, indicators give DBI a short term outlook of 50% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Sell, while an average of long term indicators are currently assigning the stock as 50% Sell.
Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 6 analysts have assigned DBI a recommendation rating as follows: 5 rate it as a Hold; 0 advise Buy while 1 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the Designer Brands Inc. (DBI) stock as Underweight, with 0 recommending Sell. In general, analysts have rated the stock Hold, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.
The overview shows that DBI’s price is at present -15.57% off the SMA20 and -16.87% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 31.62, with weekly volatility standing at 5.02%. The indicator jumps to 5.25% when calculated based on the past 30 days. Designer Brands Inc. (NYSE:DBI)’s beta value is holding at 2.58, while the average true range (ATR) indicator is currently reading 0.77. Considering analysts have assigned the stock a price target range of $16.00-$24.00 as the low and high respectively, we find the trailing 12-month average consensus price target to be $19.00. Based on this estimate, we see that current price is roughly -31.04% off the estimated low and -96.56% off the forecast high. Investors will no doubt be excited to see the share price fall to $18.00, which is the median consensus price, and at that level DBI would be -47.42% from current price.
An analysis of the Designer Brands Inc. (NYSE:DBI) stock in terms of its daily trading volume indicates that the 3-month average is 1.25 million.
Current records show that the company has 72.93M in outstanding shares. The insiders’ percentage holdings are 2.50% of outstanding shares while the percentage share held by institutions stands at 92.80%. But the 59.61% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.