Designer Brands Inc (NYSE:DBI) price on current trading day, fall -6.00% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $5.80.
A look at the stock’s price movement, the close in the last trading session was $6.17, moving within a range at $5.665 and $6.29. The beta value (5-Year monthly) was 2.059. Turning to its 52-week performance, $11.56 and $4.36 were the 52-week high and 52-week low respectively. Overall, DBI moved 14.40% over the past month.
Designer Brands Inc’s market cap currently stands at around $321.90 million, with investors looking forward to this quarter’s earnings report slated for in January. The company has a Forward Dividend ratio of 0.15, with its dividend yield at 2.59%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 802.14M for the company’s revenue for the quarter, with a low and high estimate of 800M and 805M respectively. The average forecast suggests up to a 2.01% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 3.06B, representing a -0.63% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that DBI is a 50% Sell. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
2 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 2 analyst(s) rate the stock as a Hold, 0 recommend DBI as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
DBI’s current price about 11.98% and 2.26% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 56.43, while 7-day volatility ratio is 9.37% and 7.64% in the 30-day chart. Further, Designer Brands Inc (DBI) has a beta value of 2.03, and an average true range (ATR) of 0.40. Analysts have given the company’s stock an average 52-week price target of $10, forecast between a low of $10 and high of $20. Looking at the price targets, the low is -72.41% off current price level while to achieve the yearly target high, price needs to move -244.83%. Nonetheless, investors will most likely welcome a -72.41% jump to $10 which is the analysts’ median price.
If we refocus on Designer Brands Inc (NYSE:DBI), historical trading data shows that trading volumes averaged 2.2 over the past 10 days and 2.53 million over the past 3 months. The company’s latest data on shares outstanding shows there are 47.76 million shares.
The 26.52% of Designer Brands Inc’s shares are in the hands of company insiders while institutional holders own 79.16% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 9.33 million on 2024-11-15, giving us a short ratio of 6.56. The data shows that as of 2024-11-15 short interest in Designer Brands Inc (DBI) stood at 6969.0 of shares outstanding, with shares short falling to 11.55 million registered in 2024-10-15. Current price change has pushed the stock -34.46% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the DBI stock continues to rise going into the next quarter.
