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

Designer Brands has reaffirmed its FY24 adjusted EPS guidance in the range of $0.70 to $0.80.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 10:47 am

Designer Brands reported Q1 adjusted EPS of $0.08 and sales of $746.60 million, both beating estimates. The sales estimate was $739.29 million.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 10:46 am

Telsey Advisory Group has maintained its Market Perform rating on Designer Brands (NYSE:DBI) and has kept the price target at $11.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 12:21 pm

Insiders at Dollar General, Greenbrier Companies, BJ's Wholesale Club, and Designer Brands have recently sold shares. These sales could indicate various strategic reasons or personal opinions about the company's stock value. Notably, Dollar General had a price target adjustment by Evercore ISI Group, Greenbrier Companies reported a revenue decline but beat consensus, BJ's Wholesale Club was upgraded by Goldman Sachs, and Designer Brands reported a decrease in comparable sales.

Portfolio Pulse from Avi Kapoor

April 15, 2024 | 12:09 pm

Insiders at DocuSign, Designer Brands, Caleres, and Dell Technologies have recently sold shares, indicating potential concerns or personal financial strategies. Notable sales include DocuSign Director Peter Solvik selling 15,000 shares, Designer Brands EVP Jared A. Poff selling 15,000 shares, Caleres Chief Sourcing Officer Daniel R Freidman selling 15,000 shares, and Dell Technologies General Counsel Richard J Rothberg selling 93,954 shares. These transactions occur amidst various company developments, such as earnings reports and strategic initiatives.

Portfolio Pulse from Avi Kapoor

April 11, 2024 | 12:13 pm

Telsey Advisory Group analyst Dana Telsey maintains a Market Perform rating on Designer Brands (NYSE:DBI) and raises the price target from $10 to $11.

Portfolio Pulse from Benzinga Newsdesk

March 22, 2024 | 11:16 am

FactSet Research Systems Inc. (FDS) shares fell by 5.2% after reporting lower-than-expected Q2 revenue and FY24 guidance. Other stocks showed significant movement, with notable gainers including Yield10 Bioscience, Inc. (YTEN) and losers like Movella Holdings Inc. (MVLA).

Portfolio Pulse from Avi Kapoor

March 21, 2024 | 6:39 pm

In Thursday's intraday session, notable movements were observed in the consumer discretionary sector. Kaival Brands Innovations, Faraday Future, Cazoo Gr, Canoo, Guess, and Vroom saw significant gains, with increases ranging from 21.69% to 107.5%. On the downside, Lixiang Education Hldg, Lanvin Group Hldgs, Baozun, Five Below, Designer Brands, and Cato experienced declines between 9.45% and 87.1%. Earnings reports influenced several of these movements.

Portfolio Pulse from Benzinga Insights

March 21, 2024 | 5:31 pm

Designer Brands Inc. (NYSE:DBI) shares fell after reporting Q4 FY23 results with a slight sales decline and a larger drop in comparable sales. Despite beating sales and EPS estimates, gross profit and margins decreased. The company also reported a net loss, reduced inventories, and a stable store count. A dividend was announced, and a modest FY24 EPS outlook was provided amidst challenges in the footwear market.

Portfolio Pulse from Lekha Gupta

March 21, 2024 | 1:09 pm

In Thursday's pre-market session, several consumer discretionary stocks showed significant movement. Notably, Kaival Brands Innovations, LiveWire Gr, Kirkland's, Allurion Technologies, Canoo, and Guess reported gains, with increases attributed to recent earnings reports for some. Conversely, Designer Brands, Destination XL Group, Five Below, Academy Sports, Chijet Motor Co, and Li Auto experienced declines, with poor Q4 earnings impacting several of these stocks.

Portfolio Pulse from Benzinga Insights

March 21, 2024 | 1:05 pm

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