In the last trading session, 1,072,948 Designer Brands Inc.(NYSE:DBI) shares changed hands as the company’s beta touched 2.57. With the company’s per share price at $7.65 changed hands at -$0.02 or 0% during last session, the market valuation stood at $553.81 Million. DBI’s last price was a discount, traded about -121.96% off its 52-week high of $16.98. The share price had its 52-week low at $2.6, which suggests the last value was 66.01% up since then. When we look at Designer Brands Inc.’s average trading volume, we note the 10-day average is 1.47 Million shares, with the 3-month average coming to 1.92 Million.
Analysts gave the Designer Brands Inc. (DBI) stock a consensus recommendation rating of Hold, calculated at a mean rating of 3. If we narrow down to specifics, the data shows that 1 out of 8 analysts rate the stock as a Sell, with a further 1 assigning it an Overweight rating. Of the remaining, 6 recommended DBI as a Hold, none felt it is a Buy and none rated the stock as Underweight. Designer Brands Inc.’s EPS for the current quarter is expected to be -$0.64.
Although DBI has turned red as seen at the end of in last trading. With action -0.26%, the performance over the past five days has been green. The jump to weekly highs of $8.23- on Monday, Dec 28 added 7.1% to the stock’s daily price. The company’s shares are showing year-to-date downside of -0.51%, with the 5-day performance at 0.05% in the green. However, in the 30-day time frame, Designer Brands Inc. (NYSE:DBI) is -0.03% down. Looking at the short shares, we see there were 8.07 Million shares sold at short interest cover period of 4.2 days.
The consensus price target for the stock as assigned by Wall Street analysts is $7.38, meaning bulls need a downside of -3.53% from its current market value. According to analyst projections, DBI’s forecast low is $4.3 with $10.5 as the target high. To hit the forecast high, the stock’s price needs a +37.25% upsurge from its current level, while the stock would need to tank -43.79% for it to hit the projected low.
Designer Brands Inc. (DBI) estimates and forecasts
Data shows that the Designer Brands Inc. share is not performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot +13.84% over the past 6 months, a -350.98% in annual growth rate that is considerably lower than the industry average of -11.8%. But despite this, analysts have looked to lower expectations by downgrading its fiscal year 2021 revenue estimates. The rating firms predict current quarter revenue for Designer Brands Inc. will drop -1180%, while the growth in revenue is estimated to hit 85.8% for the next quarter. Year-over-year growth is forecast to reach -35.2% down from the last financial year.
Consensus estimates given by 5 financial analysts project the company’s revenue in the current quarter to hit an average of $633.57 Million. 4 analysts are of the opinion that Designer Brands Inc.’s revenue for the quarter ending April 01, 2021 will be $601.33 Million. The company’s revenue for the corresponding quarters a year ago was $829.62 Million and $481.16 Million respectively. According to analysts, the company will likely register a drop in its current quarter sales, forecast at -23.6%. The estimates for the next quarter sales put growth at 25%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -5.6%. The 2021 estimates are for Designer Brands Inc. earnings to increase by 653.2%, but the outlook for the next 5-year period is at 14.68% per year.
Designer Brands Inc. is expected to release its next quarterly earnings report around March 15 – March 19, 2021. The 11.08% annual yield figure for the share gives it an annual dividend of 0.85. It is important to note, however, that the 11.08% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision. During the past 5 years, the average dividend yield was 5.39% per year.
Designer Brands Inc. (NYSE:DBI)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 7.78% of Designer Brands Inc. shares while 103.35% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 112.07%. There are 257 institutions holding the Designer Brands Inc. stock share, with Blackrock Inc. the top institutional holder. As of Sep 29, 2020, the company held 16.29% of the shares, roughly 10.54 Million DBI shares worth $57.21 Million.
Vanguard Group, Inc. (The) holds the second largest percentage of outstanding shares, with 10.07% or 6.51 Million shares worth $35.36 Million as of Sep 29, 2020.
Among Mutual Funds, the top two as of Nov 29, 2020 were iShares Core S&P Smallcap ETF and Undiscovered Managers Behavioral Value Fund. With 3735720 shares estimated at $29.51 Million under it, the former controlled 5.78% of total outstanding shares. On the other hand, Undiscovered Managers Behavioral Value Fund held about 3.81% of the shares, roughly 2.46 Million shares worth around $10.66 Million.
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