Analysts Expect Designer Brands Inc (NYSE:DBI) Will Post Earnings of $0.49 Per Share

Brokerages expect Designer Brands Inc (NYSE:DBI) to report earnings per share (EPS) of $0.49 for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Designer Brands’ earnings, with estimates ranging from $0.47 to $0.51. Designer Brands posted earnings per share of $0.63 during the same quarter last year, which suggests a negative year over year growth rate of 22.2%. The business is scheduled to announce its next quarterly earnings report on Tuesday, August 27th.

On average, analysts expect that Designer Brands will report full year earnings of $1.92 per share for the current year, with EPS estimates ranging from $1.91 to $1.92. For the next year, analysts forecast that the company will report earnings of $2.19 per share, with EPS estimates ranging from $2.14 to $2.23. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that cover Designer Brands.

Designer Brands (NYSE:DBI) last posted its quarterly earnings results on Thursday, May 30th. The company reported $0.43 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.43. The business had revenue of $878.52 million during the quarter, compared to analyst estimates of $874.97 million. Designer Brands had a negative net margin of 0.41% and a positive return on equity of 15.85%. The company’s revenue was up 23.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.39 earnings per share.

Several research firms have recently commented on DBI. ValuEngine downgraded shares of Designer Brands from a “sell” rating to a “strong sell” rating in a report on Thursday, June 13th. Zacks Investment Research downgraded shares of Designer Brands from a “buy” rating to a “hold” rating in a report on Wednesday, June 12th. Canaccord Genuity lowered their target price on shares of Designer Brands from $25.00 to $24.00 and set a “hold” rating on the stock in a report on Friday, May 31st. Wedbush lowered their target price on shares of Designer Brands from $28.00 to $25.00 and set a “neutral” rating on the stock in a report on Thursday, May 16th. Finally, CL King raised shares of Designer Brands from a “buy” rating to a “strong-buy” rating and set a $23.00 target price on the stock in a report on Friday, April 12th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $23.00.

In related news, Director Harvey L. Sonnenberg sold 7,924 shares of the company’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $18.29, for a total transaction of $144,929.96. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Chairman Deborah L. Ferree sold 70,000 shares of the company’s stock in a transaction on Friday, June 7th. The shares were sold at an average price of $18.87, for a total transaction of $1,320,900.00. The disclosure for this sale can be found here. 17.40% of the stock is currently owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. Versant Capital Management Inc purchased a new stake in shares of Designer Brands in the first quarter valued at $26,000. Advisory Services Network LLC purchased a new stake in shares of Designer Brands in the first quarter valued at $37,000. Prime Capital Investment Advisors LLC purchased a new stake in shares of Designer Brands in the first quarter valued at $56,000. Cerebellum GP LLC purchased a new stake in shares of Designer Brands in the first quarter valued at $327,000. Finally, Mason Street Advisors LLC purchased a new stake in shares of Designer Brands in the first quarter valued at $487,000. 79.45% of the stock is currently owned by institutional investors.

Shares of DBI stock traded up $0.53 during mid-day trading on Wednesday, hitting $18.62. The company had a trading volume of 60,561 shares, compared to its average volume of 1,956,927. Designer Brands has a 52-week low of $17.55 and a 52-week high of $34.63. The company has a 50 day simple moving average of $19.26. The company has a debt-to-equity ratio of 1.52, a current ratio of 1.50 and a quick ratio of 0.43. The stock has a market capitalization of $1.41 billion, a P/E ratio of 11.22, a P/E/G ratio of 0.63 and a beta of 1.25.

The business also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Stockholders of record on Wednesday, June 19th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 5.37%. The ex-dividend date of this dividend is Tuesday, June 18th. Designer Brands’s dividend payout ratio (DPR) is presently 60.24%.

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 and Estimates for Designer Brands (NYSE:DBI)

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