The stock price of Designer Brands Inc (NYSE: DBI) has surged by 2.85 when compared to previous closing price of 8.43, but the company has seen a -5.56% decline in its stock price over the last five trading sessions. 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?
Designer Brands Inc (NYSE: DBI) has a higher price-to-earnings ratio of 23.48x compared to its average ratio. DBI has 36-month beta value of 2.11. Analysts have mixed views 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 26.29% ratio of that float. The average trading volume of DBI on April 17, 2024 was 1.38M shares.
DBI’s Market Performance
The stock of Designer Brands Inc (DBI) has seen a -5.56% decrease in the past week, with a -21.18% drop in the past month, and a 2.97% gain in the past quarter. The volatility ratio for the week is 4.52%, and the volatility levels for the past 30 days are at 6.13% for DBI. The simple moving average for the last 20 days is -14.34% for DBI stock, with a simple moving average of -15.17% 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 -12.99% 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 -35.49% of loss for the given period.
Volatility was left at 6.13%, however, over the last 30 days, the volatility rate increased by 4.52%, as shares sank -22.10% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.86% lower at present.
During the last 5 trading sessions, DBI fell by -5.56%, which changed the moving average for the period of 200-days by -14.33% in comparison to the 20-day moving average, which settled at $10.00. In addition, Designer Brands Inc saw -2.03% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at DBI starting from SONNENBERG HARVEY L, who sale 9,000 shares at the price of $8.65 back on Apr 11 ’24. After this action, SONNENBERG HARVEY L now owns 2,199 shares of Designer Brands Inc, valued at $77,868 using the latest closing price.
Poff Jared A., the EVP, CFO & CAO of Designer Brands Inc, sale 15,000 shares at $9.76 during a trade that took place back on Apr 08 ’24, which means that Poff Jared A. is holding 255,064 shares at $146,430 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 0.55. 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
To put it simply, Designer Brands Inc (DBI) has had a bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as 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.
