The stock price of Designer Brands Inc (NYSE: DBI) has dropped by -2.75 compared to previous close of 9.44. Despite this, the company has seen a fall of -9.20% in its stock price over the last five trading days. Proactive Investors reported 2024-04-08 that Spanish designer brands conglomerate Puig is set to be the latest green-shoot in Europe’s IPO market, as the Jean-Paul Gaultier and Paco Rabanne owner prepares to file for a float in Madrid. The finer financial details for the IPO, including the expected share price and the total amount being raised, has yet to be determined, though reports have suggested it will be in the billions.
Is It Worth Investing in Designer Brands Inc (NYSE: DBI) Right Now?
The price-to-earnings ratio for Designer Brands Inc (NYSE: DBI) is above average at 24.86x, Company’s 36-month beta value is 2.08.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for DBI is 41.54M, and currently, short sellers hold a 24.12% ratio of that floaft. The average trading volume of DBI on April 10, 2024 was 1.36M shares.
DBI’s Market Performance
DBI’s stock has seen a -9.20% decrease for the week, with a -8.47% drop in the past month and a 3.03% gain in the past quarter. The volatility ratio for the week is 4.51%, and the volatility levels for the past 30 days are at 6.04% for Designer Brands Inc The simple moving average for the last 20 days is -13.60% for DBI’s stock, with a simple moving average of -10.40% 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 -8.01% 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 -31.70% of loss for the given period.
Volatility was left at 6.04%, however, over the last 30 days, the volatility rate increased by 4.51%, as shares sank -10.53% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.00% upper at present.
During the last 5 trading sessions, DBI fell by -9.20%, which changed the moving average for the period of 200-days by -2.03% in comparison to the 20-day moving average, which settled at $10.57. In addition, Designer Brands Inc saw 3.73% 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 Haley Mark, who sale 16,125 shares at the price of $10.84 back on Mar 27 ’24. After this action, Haley Mark now owns 25,787 shares of Designer Brands Inc, valued at $174,827 using the latest closing price.
Ferree Deborah L, the Vice Chair, Chief Product Off of Designer Brands Inc, sale 34,000 shares at $12.58 during a trade that took place back on Dec 04 ’23, which means that Ferree Deborah L is holding 196,813 shares at $427,720 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 0.56. 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 a nutshell, Designer Brands Inc (DBI) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
