Designer Brands Inc (NYSE:DBI) price on current trading day, rose 2.15% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $3.80.
A look at the stock’s price movement, the close in the last trading session was $3.72, moving within a range at $3.66 and $3.905. The beta value (5-Year monthly) was 2.095. Turning to its 52-week performance, $11.56 and $3.20 were the 52-week high and 52-week low respectively. Overall, DBI moved -24.15% over the past month.
Designer Brands Inc’s market cap currently stands at around $182.12 million, with investors looking forward to this quarter’s earnings report slated for on 2024-Dec-09. The company has a Forward Dividend ratio of 0.20, with its dividend yield at 5.26%. 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 719.32M for the company’s revenue for the quarter, with a low and high estimate of 711.17M and 726.8M respectively. The average forecast suggests down to a -4.64% 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 3.02B, representing a -1.95% 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 100% Sell. On the other hand, the stock is on average a 100% 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 -4.79% and -20.90% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 40.49, while 7-day volatility ratio is 6.76% and 8.02% in the 30-day chart. Further, Designer Brands Inc (DBI) has a beta value of 1.71, and an average true range (ATR) of 0.31. 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 -163.16% off current price level while to achieve the yearly target high, price needs to move -426.32%. Nonetheless, investors will most likely welcome a -163.16% 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 1.85 over the past 10 days and 1.65 million over the past 3 months. The company’s latest data on shares outstanding shows there are 40.14 million shares.
The 30.68% of Designer Brands Inc’s shares are in the hands of company insiders while institutional holders own 83.38% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 7.76 million on 2025-02-28, giving us a short ratio of 4.27. The data shows that as of 2025-02-28 short interest in Designer Brands Inc (DBI) stood at 13347.999999999998 of shares outstanding, with shares short rising to 7.26 million registered in 2025-01-31. Current price change has pushed the stock -28.84% 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.
