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

Wall Street analysts expect Designer Brands Inc (NYSE:DBI) to post $0.49 earnings per share for the current quarter, according to Zacks. Four analysts have made estimates for Designer Brands’ earnings. The highest EPS estimate is $0.51 and the lowest is $0.47. Designer Brands posted earnings of $0.63 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 22.2%. The firm is scheduled to issue its next earnings report on Tuesday, August 27th.

According to Zacks, analysts expect that Designer Brands will report full year earnings of $1.92 per share for the current fiscal year, with EPS estimates ranging from $1.91 to $1.92. For the next financial year, analysts expect that the firm will post earnings of $2.19 per share, with EPS estimates ranging from $2.14 to $2.23. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that cover Designer Brands.

Designer Brands (NYSE:DBI) last announced its earnings results on Thursday, May 30th. The company reported $0.43 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.43. The company had revenue of $878.52 million for the quarter, compared to analyst estimates of $874.97 million. Designer Brands had a positive return on equity of 15.85% and a negative net margin of 0.41%. The firm’s quarterly revenue was up 23.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.39 earnings per share.

Several research firms have commented on DBI. Wedbush dropped their price target on shares of Designer Brands from $28.00 to $25.00 and set a “neutral” rating for the company in a research note on Thursday, May 16th. CL King upgraded shares of Designer Brands from a “buy” rating to a “strong-buy” rating and set a $23.00 price target for the company in a research note on Friday, April 12th. Canaccord Genuity dropped their price target on shares of Designer Brands from $25.00 to $24.00 and set a “hold” rating for the company in a research note on Friday, May 31st. ValuEngine downgraded shares of Designer Brands from a “sell” rating to a “strong sell” rating in a research note on Thursday, June 13th. Finally, Zacks Investment Research downgraded shares of Designer Brands from a “buy” rating to a “hold” rating in a research note on Tuesday, July 30th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a strong buy rating to the company. Designer Brands presently has a consensus rating of “Hold” and a consensus target price of $23.00.

In related news, Director Harvey L. Sonnenberg sold 7,924 shares of the business’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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Joanne Zaiac sold 3,688 shares of the business’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $19.14, for a total transaction of $70,588.32. The disclosure for this sale can be found here. In the last 90 days, insiders sold 81,612 shares of company stock valued at $1,536,418. Insiders own 17.40% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. Advisory Services Network LLC acquired a new position in shares of Designer Brands during the first quarter worth $37,000. Investors Research Corp acquired a new position in Designer Brands in the second quarter valued at $437,000. Oregon Public Employees Retirement Fund acquired a new position in Designer Brands in the first quarter valued at $587,000. Smith Graham & Co. Investment Advisors LP acquired a new position in Designer Brands in the first quarter valued at $5,915,000. Finally, Nisa Investment Advisors LLC acquired a new position in Designer Brands in the first quarter valued at $590,000. Hedge funds and other institutional investors own 80.17% of the company’s stock.

Shares of NYSE:DBI traded down $0.07 during trading on Friday, hitting $16.99. The company’s stock had a trading volume of 1,418,798 shares, compared to its average volume of 1,304,704. The firm’s 50 day simple moving average is $18.46. The stock has a market cap of $1.34 billion, a P/E ratio of 10.23, a PEG ratio of 0.59 and a beta of 1.22. The company has a debt-to-equity ratio of 1.52, a current ratio of 1.50 and a quick ratio of 0.43. Designer Brands has a fifty-two week low of $16.62 and a fifty-two week high of $34.63.

The firm also recently declared a quarterly dividend, which was paid on Friday, July 5th. Shareholders of record on Wednesday, June 19th were paid a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, June 18th. This represents a $1.00 annualized dividend and a dividend yield of 5.89%. Designer Brands’s dividend payout ratio (DPR) is 60.24%.

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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Earnings History and Estimates for Designer Brands (NYSE:DBI)

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