Designer Brands Inc (NYSE: DBI) has seen a rise in its stock price by 2.02 in relation to its previous close of 10.41. However, the company has experienced a -7.81% decline in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-03-22 that Designer Brands (DBI) made it through our ‘Fast-Paced Momentum at a Bargain’ screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.
Is It Worth Investing in Designer Brands Inc (NYSE: DBI) Right Now?
Designer Brands Inc (NYSE: DBI) has a higher price-to-earnings ratio of 28.76x compared to its average ratio, The 36-month beta value for DBI is at 2.06. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for DBI is 41.60M, and currently, shorts hold a 24.09% of that float. The average trading volume for DBI on March 28, 2024 was 1.32M shares.
DBI’s Market Performance
DBI’s stock has seen a -7.81% decrease for the week, with a 3.91% rise in the past month and a 15.31% gain in the past quarter. The volatility ratio for the week is 11.59%, and the volatility levels for the past 30 days are at 6.16% for Designer Brands Inc The simple moving average for the last 20 days is -0.54% for DBI stock, with a simple moving average of 4.13% for the last 200 days.
Analysts’ Opinion of DBI
Many brokerage firms have already submitted their reports for DBI stocks, with Telsey Advisory Group repeating the rating for DBI by listing it as a “Market Perform.” The predicted price for DBI in the upcoming period, according to Telsey Advisory Group is $10 based on the research report published on December 06, 2023 of the previous year 2023.
Telsey Advisory Group, on the other hand, stated in their research note that they expect to see DBI reach a price target of $22, previously predicting the price at $20. The rating they have provided for DBI stocks is “Market Perform” according to the report published on May 27th, 2021.
Telsey Advisory Group gave a rating of “Market Perform” to DBI, setting the target price at $20 in the report published on May 20th of the previous year.
DBI Trading at 9.73% from the 50-Day Moving Average
After a stumble in the market that brought DBI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -20.98% of loss for the given period.
Volatility was left at 6.16%, however, over the last 30 days, the volatility rate increased by 11.59%, as shares surge +4.84% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +26.13% upper at present.
During the last 5 trading sessions, DBI fell by -7.81%, which changed the moving average for the period of 200-days by +23.49% in comparison to the 20-day moving average, which settled at $10.70. In addition, Designer Brands Inc saw 20.00% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at DBI starting from Ferree Deborah L, who sale 34,000 shares at the price of $12.58 back on Dec 04 ’23. After this action, Ferree Deborah L now owns 196,813 shares of Designer Brands Inc, valued at $427,720 using the latest closing price.
Ferree Deborah L, the Vice Chair, Chief Product Off of Designer Brands Inc, sale 33,000 shares at $12.52 during a trade that took place back on Oct 17 ’23, which means that Ferree Deborah L is holding 230,813 shares at $413,160 based on the most recent closing price.
Stock Fundamentals for DBI
Current profitability levels for the company are sitting at:
- 0.02 for the present operating margin
- 0.32 for the gross margin
The net margin for Designer Brands Inc stands at 0.01. The total capital return value is set at 0.04. Equity return is now at value 7.34, with 1.35 for asset returns.
Based on Designer Brands Inc (DBI), the company’s capital structure generated 0.62 points at debt to capital in total, while cash flow to debt ratio is standing at 0.27. The debt to equity ratio resting at 1.65. The interest coverage ratio of the stock is 1.83.
Currently, EBITDA for the company is 143.49 million with net debt to EBITDA at 12.6. When we switch over and look at the enterprise to sales, we see a ratio of 0.58. The receivables turnover for the company is 36.79for trailing twelve months and the total asset turnover is 1.34. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.25.
Conclusion
In conclusion, Designer Brands Inc (DBI) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
