Designer Brands Inc (DBI) Given Average Recommendation of “Hold” by Brokerages

Designer Brands Inc (NYSE:DBI) has been given a consensus broker rating score of 2.50 (Hold) from the ten analysts that cover the stock, Zacks Investment Research reports. Seven investment analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and two have given a strong buy recommendation to the company. Designer Brands’ rating score has improved by 6.4% in the last three months as a result of various analysts’ ratings changes.

Brokers have set a twelve-month consensus price objective of $28.29 for the company and are anticipating that the company will post $0.43 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Designer Brands an industry rank of 75 out of 256 based on the ratings given to its competitors.

DBI has been the subject of several recent analyst reports. CL King raised Designer Brands from a “buy” rating to a “strong-buy” rating and set a $23.00 target price for the company in a research report on Friday, April 12th. ValuEngine cut Designer Brands from a “hold” rating to a “sell” rating in a research report on Wednesday, May 1st.

DBI opened at $20.55 on Friday. The firm has a market cap of $1.59 billion, a PE ratio of 12.31, a P/E/G ratio of 1.22 and a beta of 1.07. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.06 and a quick ratio of 0.67. Designer Brands has a fifty-two week low of $19.87 and a fifty-two week high of $34.63.

Designer Brands (NYSE:DBI) last released its quarterly earnings data on Tuesday, March 19th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.10). The company had revenue of $843.37 million for the quarter, compared to the consensus estimate of $850.67 million. Designer Brands had a positive return on equity of 14.76% and a negative net margin of 0.64%. Equities research analysts forecast that Designer Brands will post 1.86 earnings per share for the current fiscal year.

Several institutional investors have recently modified their holdings of DBI. Prime Capital Investment Advisors LLC acquired a new stake in shares of Designer Brands in the first quarter worth $56,000. Nisa Investment Advisors LLC acquired a new stake in shares of Designer Brands in the first quarter worth $590,000. Smith Graham & Co. Investment Advisors LP acquired a new stake in shares of Designer Brands in the first quarter worth $5,915,000. Versant Capital Management Inc acquired a new stake in shares of Designer Brands in the first quarter worth $26,000. Finally, New York State Teachers Retirement System acquired a new stake in shares of Designer Brands in the first quarter worth $852,000. 85.46% of the stock is owned by institutional investors and hedge funds.

About Designer Brands

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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