Designer Brands (NYSE:DBI) Releases Quarterly Earnings Results, Misses Estimates By $0.01 EPS

Designer Brands (NYSE:DBI) issued its quarterly earnings data on Thursday. The company reported $0.48 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.01), Morningstar.com reports. The business had revenue of $860.20 million for the quarter, compared to analysts’ expectations of $872.99 million. Designer Brands had a positive return on equity of 15.85% and a negative net margin of 0.41%. The firm’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.63 EPS.

Shares of DBI stock opened at $14.96 on Thursday. The company has a quick ratio of 0.43, a current ratio of 1.50 and a debt-to-equity ratio of 1.52. Designer Brands has a fifty-two week low of $14.07 and a fifty-two week high of $34.63. The company has a 50 day moving average of $16.82. The company has a market capitalization of $1.12 billion, a P/E ratio of 9.01, a P/E/G ratio of 0.50 and a beta of 1.21.

Several brokerages have issued reports on DBI. Wedbush set a $22.00 target price on Designer Brands and gave the stock a “hold” rating in a research note on Wednesday, August 21st. ValuEngine lowered Designer Brands from a “sell” rating to a “strong sell” rating in a research note on Thursday, June 13th. Telsey Advisory Group cut their target price on Designer Brands from $26.00 to $19.00 and set an “outperform” rating for the company in a research note on Wednesday. Needham & Company LLC set a $32.00 target price on Designer Brands and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Finally, Canaccord Genuity cut their target price on Designer Brands from $25.00 to $24.00 and set a “hold” rating for the company in a research note on Friday, May 31st. One analyst has rated the stock with a sell rating, three have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. Designer Brands currently has a consensus rating of “Hold” and a consensus target price of $23.33.

In other Designer Brands news, Director Joanne Zaiac sold 3,688 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $19.14, for a total value of $70,588.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Deborah L. Ferree sold 70,000 shares of the business’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $18.87, for a total value of $1,320,900.00. The disclosure for this sale can be found here. Insiders sold 81,612 shares of company stock valued at $1,536,418 in the last quarter. Corporate insiders own 17.40% of the company’s stock.

Several institutional investors have recently made changes to their positions in DBI. Advisors Preferred LLC bought a new position in Designer Brands in the second quarter worth $26,000. Truvestments Capital LLC purchased a new stake in shares of Designer Brands in the second quarter worth $27,000. US Bancorp DE purchased a new stake in shares of Designer Brands in the second quarter worth $31,000. LS Investment Advisors LLC purchased a new stake in shares of Designer Brands in the second quarter worth $34,000. Finally, Advisory Services Network LLC purchased a new stake in shares of Designer Brands in the first quarter worth $37,000. Institutional investors own 82.76% of the company’s stock.

Designer Brands Company Profile

Designer Brands Inc designs, producers, and retails footwear and accessories for women, men, and kids primarily in North America. It operates through three segments: The U.S. Retail, the Canada Retail, and the Brand Portfolio. The company also provides handbags, hosiery, jewelry, and other accessories.

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Earnings History for Designer Brands (NYSE:DBI)

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