Designer Brands Inc. (NYSE: DBI) stock fell -1.15% on Friday to $12.05 against a previous-day closing price of $12.19. With 3.21 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.76 million shares. During the session, the Footwear & Accessories company that operates in wider Consumer Cyclical sector, reached to the highest price of $12.13 whereas the lowest price it dropped to was $11.75. The 52-week range on DBI shows that it touched its highest point at $16.69 and its lowest point at $6.14 during that stretch. It currently has a 1-year price target of $12.67. With its current market cap of 708.54 million, DBI has annualized dividend of $0.20 while the current yield stands at 1.66%. Beta for the stock currently stands at 2.12.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of DBI was up-trending over the past week, with a rise of 0.33%, but this was up by 16.99% over a month. Three-month performance surged to 33.00% while six-month performance rose 29.29%. The stock lost -25.16% in the past year, while it has gained 23.21% so far this year. A look at the trailing 12-month EPS for DBI yields 2.04 with Next year EPS estimates of 1.54. For the next quarter, that number is 0.47. This implies an EPS growth rate of 12.90% for this year and 19.25% for next year. EPS is expected to grow by 14.68% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 18.60%.
Float and Shares Shorts:
At present, 65.58 million DBI shares are outstanding with a float of 41.68 million shares on hand for trading. On Aug 30, 2023, short shares totaled 8.37 million, which was 13.10% higher than short shares on Jul 30, 2023. In addition to Mr. Jay L. Schottenstein as the firm’s Exec. Chairman, Mr. Douglas M. Howe serves as its CEO & Director.
Institutional Ownership:
Through their ownership of 98.60% of DBI’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 50.83% of DBI, in contrast to 43.80% held by mutual funds. Shares owned by individuals account for 13.53%. As the largest shareholder in DBI with 13.21% of the stake, BlackRock Fund Advisors holds 7,668,815 shares worth 7,668,815. A second-largest stockholder of DBI, The Vanguard Group, Inc., holds 5,683,477 shares, controlling over 9.79% of the firm’s shares. Millennium Management LLC is the third largest shareholder in DBI, holding 2,885,969 shares or 4.97% stake. With a 6.20% stake in DBI, the iShares Core S&P Small Cap ETF is the largest stakeholder. A total of 3,600,386 shares are owned by the mutual fund manager. The Pacer Fds. Tr. – US Small Cap Cas, which owns about 3.70% of DBI stock, is the second-largest Mutual Fund holder. It holds 2,150,863 shares valued at 22.61 million. Vanguard Total Stock Market ETF holds 2.74% of the stake in DBI, owning 1,590,136 shares worth 16.71 million.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for DBI since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With DBI analysts setting a high price target of $14.00 and a low target of $11.00, the average target price over the next 12 months is $12.67. Based on these targets, DBI could surge 16.18% to reach the target high and fall by -8.71% to reach the target low. Reaching the average price target will result in a growth of 5.15% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Summary of Insider Activity:
Insiders traded DBI stock several times over the past three months with 6 Buys and 4 Sells. In these transactions, 2,642 shares were bought while 70,000 shares were sold. The number of buy transactions has increased to 27 while that of sell transactions has risen to 15 over the past year. The total number of shares bought during that period was 2,108,800 while 923,265 shares were sold.
