Streetbeat News

DBI

Designer Brands Inc.

https://www.designerbrands.com

Industry

Apparel - Retail

Designer Brands Inc., together with its subsidiaries, designs, manufactures, and retails footwear and accessories for women, men, and kids primarily in North America. The company operates through three segments: U.S. Retail, Canada Retail, and Brand Portfolio. It provides dress, casual, and athletic footwear; and handbags. The company offers its products under the Vince Camuto, Louise et Cie, Jessica Simpson, Lucky, JLO Jenifer Lopez, and other brands. It also operates vincecamuto.com e-commerce site, as well as www.dsw.com, www.dsw.ca, and www.theshoecompany.ca websites; and a portfolio of banners, including DSW Designer Shoe Warehouse, The Shoe Company, and Shoe Warehouse. As of January 29, 2022, it operated 648 stores. Designer Brands Inc. was founded in 1991 and is based in Columbus, Ohio.

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Designer Brands (NYSE:DBI) is set to release its quarterly earnings report on September 11, 2024, with analysts estimating an EPS of $0.57. The company's past performance has shown mixed results, with a recent history of missing EPS estimates. Shares are down 50.47% over the last year, and the stock is currently rated Neutral by analysts, with a price target suggesting a potential upside. Investors are keenly awaiting the earnings announcement for any positive surprises or guidance.

Portfolio Pulse from Benzinga Insights

September 10, 2024 | 2:50 pm

The article highlights three oversold consumer discretionary stocks with potential for short-term gains: Red Robin Gourmet Burgers (RRGB), Advance Auto Parts (AAP), and Designer Brands (DBI). These stocks have recently reported disappointing earnings and have seen significant price declines, making them potentially undervalued opportunities.

Portfolio Pulse from Avi Kapoor

September 04, 2024 | 12:47 pm

Analysts have recently evaluated Designer Brands (NYSE:DBI), with all four analysts rating it as 'Indifferent'. The average 12-month price target has decreased by 4.65% to $10.25. Analysts have adjusted their ratings and price targets, reflecting a cautious outlook on the company's performance. Designer Brands faces challenges with below-industry-average net margin, ROE, and ROA, and a high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

August 27, 2024 | 2:00 pm

UBS analyst Jay Sole has maintained a Neutral rating on Designer Brands (NYSE:DBI) but has lowered the price target from $10 to $9.

Portfolio Pulse from Benzinga Newsdesk

August 27, 2024 | 1:05 pm

Designer Brands (DBI) saw a significant option activity with 1000 July 19 $8 calls traded at the ask price of $0.3, compared to an open interest of 168. The company is expected to report earnings on August 5 before the market opens.

Portfolio Pulse from Benzinga Newsdesk

June 10, 2024 | 4:58 pm

Lands' End, Inc. (NASDAQ:LE) shares fell 9.3% to $12.60 after reporting a quarterly adjusted loss of 20 cents per share, which beat the analyst consensus estimate of 26 cents per share. The company also reported quarterly sales of $285.47 million, surpassing the analyst consensus estimate of $269.82 million. Other notable stock movements include Actelis Networks, Inc. (NASDAQ:ASNS) jumping 512% after announcing orders for cyber-hardened networking technology, and WalkMe Ltd. (NASDAQ:WKME) gaining 42.1% after entering into a definitive agreement to be acquired by SAP.

Portfolio Pulse from Avi Kapoor

June 05, 2024 | 5:04 pm

Top Wall Street analysts have updated their price targets and ratings for several US-listed companies, including HealthEquity, HOOKIPA Pharma, SiteOne Landscape Supply, Designer Brands, Accenture, CrowdStrike, Hewlett Packard Enterprise, Keurig Dr Pepper, Relmada Therapeutics, and Entergy Corporation.

Portfolio Pulse from Avi Kapoor

June 05, 2024 | 12:40 pm

Telsey Advisory Group has maintained a Market Perform rating on Designer Brands (NYSE:DBI) but lowered the price target from $11 to $10.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 12:03 pm

U.S. stocks turned higher with the Dow Jones gaining around 200 points. Designer Brands Inc (NYSE:DBI) shares plunged over 22% following disappointing Q1 earnings. MicroAlgo Inc (NASDAQ:MLGO) shares surged 558% after announcing a new research center. Sobr Safe Inc (NASDAQ:SOBR) shares rose 96% due to new device purchases. Annexon, Inc. (NASDAQ:ANNX) shares increased 28% after positive Phase 3 trial results. ENDRA Life Sciences Inc (NASDAQ:NDRA) shares dropped 64% following a public offering announcement. Equillium Inc (NASDAQ:EQ) shares fell 24% after Phase 2 study results.

Portfolio Pulse from Avi Kapoor

June 04, 2024 | 6:32 pm

Core & Main Inc (NYSE:CNM) shares fell 11.4% after reporting mixed first-quarter financial results, missing earnings expectations but slightly beating sales estimates. Other notable stock movements include significant gains for MicroAlgo Inc (NASDAQ:MLGO) and Sobr Safe Inc (NASDAQ:SOBR), and substantial losses for ENDRA Life Sciences Inc (NASDAQ:NDRA) and Avalon Globocare Corp (NASDAQ:ALBT).

Portfolio Pulse from Avi Kapoor

June 04, 2024 | 4:54 pm

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