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 (NYSE:DBI) reported Q2 adjusted earnings of $0.59 per share, beating the analyst consensus estimate of $0.44 by 34.09%. However, this is a 4.84% decrease from the same period last year. The company also reported quarterly sales of $792.20 million, beating the analyst consensus estimate of $785.74 million by 0.82%, but this is a 7.81% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

September 07, 2023 | 10:46 am

Designer Brands (NYSE:DBI) is set to release its latest quarterly earnings report on September 7, 2023. Analysts estimate an earnings per share (EPS) of $0.44. The company's past performance shows a trend of missing EPS estimates and subsequent share price drops. The stock is currently trading at $10.61, down 35.97% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

September 06, 2023 | 2:01 pm

Wolverine World Wide, Inc. (NYSE:WWW) has agreed to sell Hush Puppies intellectual property in China, Hong Kong, and Macau to Beijing Jiaman Dress Co., Ltd for $58.8 million. The company will continue to own and operate the Hush Puppies brand in the rest of the world. This move is part of Wolverine's brand portfolio transformation, which includes the sale of its U.S. Wolverine Leathers business to New Balance for approximately $6 million. The company's shares traded higher by 4.08% to $8.41 on the last check Friday.

Portfolio Pulse from Nabaparna Bhattacharya

September 01, 2023 | 1:49 pm

Telsey Advisory Group analyst Dana Telsey reiterated the Market Perform rating on Designer Brands Inc. (DBI) with a price target of $8. DBI is expected to report Q2 results on September 7. The analyst anticipates a total sales decline of 6.8% Y/Y to $801 million, driven by same-store sales contraction of 6.8%. The reintroduction of Nike, Inc. (NKE) products is expected to drive incremental revenue beginning in Q4.

Portfolio Pulse from Nabaparna Bhattacharya

August 31, 2023 | 6:27 pm

Designer Brands (NYSE:DBI) has received indifferent analyst ratings in the last quarter, with an average price target of $8.0, which is a 33.33% decrease from the previous average price target of $12.00. The current price of Designer Brands is $10.53.

Portfolio Pulse from Benzinga Insights

August 31, 2023 | 3:00 pm

Telsey Advisory Group has reiterated its 'Market Perform' rating on Designer Brands (NYSE:DBI) and maintained its price target of $8.

Portfolio Pulse from richadhand@benzinga.com

August 31, 2023 | 9:11 am

William L. Jordan, the President of Designer Brands Inc and President of Camuto LLC, is expected to step down from his positions on or before December 1, 2023.

Portfolio Pulse from Happy Mohamed

August 28, 2023 | 8:25 pm

The article lists the stocks that gained and lost the most during Thursday's mid-day trading session. Progressive Corporation (NYSE:PGR) shares fell by 11.8% due to below-consensus Q2 results. Other notable losers include Viasat, Inc. (NASDAQ:VSAT) and Cryoport, Inc. (NASDAQ:CYRX). On the gainers' side, Synaptogenix, Inc. (NASDAQ:SNPX) and Jiuzi Holdings, Inc. (NASDAQ:JZXN) saw significant increases.

Portfolio Pulse from Lisa Levin

July 13, 2023 | 4:49 pm

Designer Brands Inc.'s Vice Chair, Deborah L Ferree, has sold 53,257 shares at an average price of $10.24 per share, according to a Form4 SEC filing.

Portfolio Pulse from Happy Mohamed

July 13, 2023 | 2:26 pm

Designer Brands Inc. has completed a modified Dutch auction tender offer, purchasing 1,470,832 shares of its Class A Common Shares at $10.00 per share. This represents approximately 2.5% of the total number of shares outstanding. The aggregate cost of the purchase was $14,708,320, excluding fees and expenses related to the tender offer.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 12:51 pm

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