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.

Open

5.04

Mkt cap

285M

Volume

1.7M

High

5.40

P/E Ratio

-171.00

52-wk high

12.84

Low

4.93

Div yield

0.04

52-wk low

4.36

Telsey Advisory Group analyst Dana Telsey reiterated a Market Perform rating on Designer Brands Inc (NYSE:DBI) and lowered the price target from $12 to $8. The analyst reduced 1Q23 estimates due to anticipated consumer demand weakness and expects sales to decline 8.6% Y/Y to $759 million. FY23 EPS estimate is lowered to $1.65 from $1.70, and sales to decline 4.1% Y/Y to $3.1 billion.

Portfolio Pulse from Shivani Kumaresan

June 06, 2023 | 6:05 pm

Telsey Advisory Group maintains its Market Perform rating for Designer Brands (NYSE:DBI) but lowers its price target from $12.00 to $8.00. Shares of Designer Brands are trading up 0.73% at $6.89 per share.

Portfolio Pulse from Benzinga Insights

June 06, 2023 | 5:02 pm

Telsey Advisory Group analyst Dana Telsey maintains a Market Perform rating on Designer Brands (NYSE:DBI) and lowers the price target from $12 to $8.

Portfolio Pulse from richadhand@benzinga.com

June 06, 2023 | 9:06 am

On Thursday, 148 companies set new 52-week lows, with AbbVie being the largest firm by market cap to set a new low. Panbela Therapeutics saw the largest move, with shares plummeting 2609.91% to hit a new low, while Sangamo Therapeutics was the most promising stock, trading flat after reaching its new low.

Portfolio Pulse from Benzinga Insights

June 01, 2023 | 4:59 pm

During Tuesday's morning session, 137 companies made new 52-week lows. Notable companies include Bristol-Myers Squibb, NovaBay Pharmaceuticals, Smart for Life, and Nemaura Medical.

Portfolio Pulse from Benzinga Insights

May 30, 2023 | 6:13 pm

On Wednesday, 129 stocks hit new 52-week lows, with Qualcomm being the largest company by market cap to set a new low. QualTek Services' stock fell the most, down 38.7%, while Delaware Investments saw the sharpest rebound, with shares ascending 0.02%.

Portfolio Pulse from Benzinga Insights

May 24, 2023 | 4:49 pm

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