It’s still a bull thesis, just subverted: Designer Brands Inc (DBI)

At the time of writing, Designer Brands Inc [DBI] stock is trading at $5.16, up 0.78%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The DBI shares have gain 0.58% over the last week, with a monthly amount drifted -16.91%, and not seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Designer Brands Inc [NYSE: DBI] stock has seen the most recent analyst activity on September 12, 2024, when Telsey Advisory Group reiterated its Market Perform rating and also revised its price target to $6 from $10. Previously, Telsey Advisory Group reaffirmed its Market Perform rating on June 05, 2024, and dropped its price target to $10. On December 06, 2023, Telsey Advisory Group reiterated its Market Perform rating and revised its price target to $10 on the stock. Telsey Advisory Group reiterated its Market Perform rating and increased its price target to $22 on May 27, 2021. Telsey Advisory Group reiterated its recommendation of a Market Perform and raised its price target to $20 on May 20, 2021. Telsey Advisory Group reiterated a Market Perform rating for this stock on March 11, 2021, and upped its price target to $14. In a note dated November 09, 2020, UBS initiated an Neutral rating and provided a target price of $6 on this stock.

For the past year, the stock price of Designer Brands Inc fluctuated between $4.36 and $12.84. Currently, Wall Street analysts expect the stock to reach $13.33 within the next 12 months. Designer Brands Inc [NYSE: DBI] shares were valued at $5.16 at the most recent close of the market. An investor can expect a potential return of 158.33% based on the average DBI price forecast.

Analyzing the DBI fundamentals

According to Designer Brands Inc [NYSE:DBI], the company’s sales were 3.06B for trailing twelve months, which represents an -2.56% plunge. Gross Profit Margin for this corporation currently stands at 0.31% with Operating Profit Margin at 0.01%, Pretax Profit Margin comes in at -0.0%, and Net Profit Margin reading is -0.0%. To continue investigating profitability, this company’s Return on Assets is posted at -0.0, Equity is -0.01 and Total Capital is 0.02. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.75.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 5.07 points at the first support level, and at 4.99 for the second support level. However, for the 1st resistance point, the stock is sitting at 5.22, and for the 2nd resistance point, it is at 5.29.

Ratios To Look Out For

It is important to note that Designer Brands Inc [NYSE:DBI] has a current ratio of 1.29. Further, the Quick Ratio stands at 0.25, while the Cash Ratio is 0.06. Considering the valuation of this stock, the price to sales ratio is 0.09, the price to book ratio is 0.81.

Transactions by insiders

Recent insider trading involved Haley Mark, SVP, Controller and PAO, that happened on Oct 11 ’24 when 25787.0 shares were sold. Director, SONNENBERG HARVEY L completed a deal on Sep 17 ’24 to sell 22000.0 shares. Meanwhile, Director SONNENBERG HARVEY L bought 22000.0 shares on Sep 16 ’24.

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