Designer Brands (NYSE:DBI) had its price objective cut by equities researchers at Wedbush from $28.00 to $25.00 in a research note issued on Thursday, BenzingaRatingsTable reports. The firm currently has a “neutral” rating on the stock. Wedbush’s price objective suggests a potential upside of 21.65% from the stock’s current price.
Other equities research analysts also recently issued research reports about the stock. ValuEngine downgraded shares of Designer Brands from a “hold” rating to a “sell” rating in a research note on Wednesday, May 1st. CL King upgraded shares of Designer Brands from a “buy” rating to a “strong-buy” rating and set a $23.00 target price on the stock in a research note on Friday, April 12th.
Shares of NYSE:DBI opened at $20.55 on Thursday. Designer Brands has a 52 week low of $19.87 and a 52 week high of $34.63. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.67 and a current ratio of 2.06. The firm has a market capitalization of $1.59 billion, a PE ratio of 12.38, a PEG ratio of 1.22 and a beta of 1.07.
Designer Brands (NYSE:DBI) last issued its earnings results on Tuesday, March 19th. The company reported ($0.07) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.10). Designer Brands had a negative net margin of 0.64% and a positive return on equity of 14.76%. The firm had revenue of $843.37 million during the quarter, compared to analyst estimates of $850.67 million. On average, sell-side analysts forecast that Designer Brands will post 1.86 EPS for the current year.
Several large investors have recently modified their holdings of the company. BW Gestao de Investimentos Ltda. acquired a new stake in shares of Designer Brands in the 1st quarter valued at $582,000. Oregon Public Employees Retirement Fund acquired a new stake in shares of Designer Brands in the 1st quarter valued at $587,000. Mason Street Advisors LLC acquired a new stake in shares of Designer Brands in the 1st quarter valued at $487,000. New York State Teachers Retirement System acquired a new position in Designer Brands during the 1st quarter worth about $852,000. Finally, Versant Capital Management Inc acquired a new position in Designer Brands during the 1st quarter worth about $26,000. Institutional investors own 85.46% of the company’s stock.
About Designer Brands
Designer Brands Inc designs, producers, and retails footwear and accessories for women, men, and kids primarily in North America. It operates through three segments: The U.S. Retail, the Canada Retail, and the Brand Portfolio. The company also provides handbags, hosiery, jewelry, and other accessories.
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