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 Inc. (NYSE:DBI) has announced preliminary results of its modified Dutch auction tender offer. A total of 1,470,832 shares of the company's Class A Common Shares were properly tendered and not properly withdrawn at or below $10 per share. The company expects to purchase all these shares at a price of $10 per share, for an aggregate cost of approximately $14,708,320. This represents approximately 2.5% of the total number of shares outstanding.

Portfolio Pulse from Happy Mohamed

July 10, 2023 | 1:01 pm

Morgan Stanley analyst Alex Straton reiterated an Overweight rating on Nike Inc (NASDAQ:NKE) but lowered the price target from $130 to $127. Nike's Q4 revenue growth was 10% Y/Y to $12.82 billion, beating the analyst consensus. However, EPS of $0.66 missed the analyst consensus of $0.67. The analyst noted that the wholesale deceleration on the back of partnership news with Macy’s Inc (NYSE:M) & Designer Brands Inc (NYSE:DBI) was better than feared. NKE shares are trading lower by 2.69% at $110.32.

Portfolio Pulse from Shivani Kumaresan

June 30, 2023 | 4:45 pm

Designer Brands Inc. (NYSE:DBI) has increased the price range for its tender offer to repurchase up to $100 million of its Class A common shares and satisfied the financing contingency by entering into a senior secured term loan of $135 million.

Portfolio Pulse from Benzinga Newsdesk

June 23, 2023 | 7:43 pm

Telsey Advisory Group analyst Dana Telsey reiterated a Market Perform rating on Designer Brands (NYSE: DBI) and maintained an $8 price target.

Portfolio Pulse from richadhand@benzinga.com

June 09, 2023 | 9:11 am

Designer Brands Inc. (NYSE:DBI) shares are trading higher after announcing a buyback of up to $100 million, despite weak earnings and a guidance cut. The company reported adjusted quarterly earnings of 21 cents per share, missing analyst estimates, and lowered its fiscal year 2023 earnings per share guidance.

Portfolio Pulse from Ryan Gustafson

June 08, 2023 | 7:40 pm

US stocks traded higher with Dow Jones gaining over 150 points. Consumer discretionary shares jumped by 1.4%, led by Carvana and Designer Brands. Carvana shares spiked 43% after announcing an improved Q2 2023 outlook, while Designer Brands gained 20% after announcing a $100 million share buyback. eXp World Holdings shares rose 17% after being added to the S&P Smallcap 600.

Portfolio Pulse from Lisa Levin

June 08, 2023 | 6:48 pm

Designer Brands Inc (DBI) reported a 10.7% decline in total sales to $742.1 million, missing consensus estimates. Telsey Advisory Group analyst Dana Telsey reiterated a Market Perform rating with a price target of $8, expressing concerns about DBI's dependence on Camuto Group's rapid growth.

Portfolio Pulse from Shivani Kumaresan

June 08, 2023 | 6:07 pm

Oxford Industries shares fell 9.1% after reporting strong Q1 results but weak Q2 forecasts. Other stocks with significant movements include BAOS, MIMO, MGRX, ACON, CVNA, ADD, SNTG, SEV, CRGO, RBT, REVG, PRSO, MDGS, DBI, EXPI, FDMT, RCEL, EVO, IGT, WHD, PRPO, FLGC, HCP, SMAR, GME, APRN, HYZN, RENT, PUYI, SMX, CNVS, PTE, SCWX, FFIE, SLDP, SIG, HSDT, RNAZ, QS, and ZUMZ.

Portfolio Pulse from Lisa Levin

June 08, 2023 | 5:06 pm

The Nasdaq Composite gained over 100 points on Thursday, with consumer discretionary shares jumping by 1.5%. Signet Jewelers' shares dropped around 10% after posting upbeat Q1 results but lowering guidance. Carvana Co. and Designer Brands Inc. saw significant gains, while energy shares fell by 1.2%.

Portfolio Pulse from Lisa Levin

June 08, 2023 | 4:24 pm

Designer Brands announced a share buyback of up to $100 million, offsetting weak earnings and a guidance cut. This has led to the company's shares trading higher.

Portfolio Pulse from Benzinga Newsdesk

June 08, 2023 | 3:17 pm

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