Designer Brands (DBI) Price Target Lowered to $25.00 at Wedbush

Designer Brands (NYSE:DBI) had its price target trimmed by Wedbush from $28.00 to $25.00 in a research report sent to investors on Thursday, BenzingaRatingsTable reports. The firm currently has a neutral rating on the stock.

Other research analysts have also issued reports about the stock. 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 report on Friday, April 12th. ValuEngine lowered shares of Designer Brands from a hold rating to a sell rating in a report on Wednesday, May 1st.

NYSE:DBI traded up $0.07 on Thursday, reaching $20.50. The stock had a trading volume of 27,965 shares, compared to its average volume of 1,548,779. The firm has a market cap of $1.60 billion, a price-to-earnings ratio of 12.53, a price-to-earnings-growth ratio of 1.22 and a beta of 1.07. The company has a current ratio of 2.06, a quick ratio of 0.67 and a debt-to-equity ratio of 0.19. Designer Brands has a 12-month low of $19.87 and a 12-month high of $34.63.



Designer Brands (NYSE:DBI) last released its earnings results on Tuesday, March 19th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.03 by ($0.10). The firm had revenue of $843.37 million during the quarter, compared to analysts’ expectations of $850.67 million. Designer Brands had a negative net margin of 0.64% and a positive return on equity of 14.76%. On average, equities research analysts forecast that Designer Brands will post 1.86 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Versant Capital Management Inc acquired a new position in shares of Designer Brands during the 1st quarter valued at about $26,000. Prime Capital Investment Advisors LLC acquired a new position in shares of Designer Brands during the 1st quarter valued at about $56,000. Mason Street Advisors LLC acquired a new position in shares of Designer Brands during the 1st quarter valued at about $487,000. BW Gestao de Investimentos Ltda. acquired a new position in shares of Designer Brands during the 1st quarter valued at about $582,000. Finally, Oregon Public Employees Retirement Fund acquired a new position in shares of Designer Brands during the 1st quarter valued at about $587,000. 85.46% of the stock is owned by institutional investors.

Designer Brands Company Profile

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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