Designer Brands Inc (NYSE:DBI) – William Blair increased their Q4 2020 earnings per share estimates for shares of Designer Brands in a report issued on Thursday, August 29th. William Blair analyst D. Carden now forecasts that the company will post earnings of $0.31 per share for the quarter, up from their previous forecast of $0.30. William Blair also issued estimates for Designer Brands’ Q4 2021 earnings at $0.35 EPS and FY2021 earnings at $2.16 EPS.
Designer Brands (NYSE:DBI) last announced its quarterly earnings data on Thursday, August 29th. The company reported $0.48 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.01). Designer Brands had a net margin of 1.53% and a return on equity of 14.92%. The business had revenue of $860.20 million during the quarter, compared to analyst estimates of $872.99 million. During the same quarter in the prior year, the company earned $0.63 earnings per share. The company’s quarterly revenue was up 8.2% on a year-over-year basis.
DBI has been the topic of several other reports. Zacks Investment Research lowered shares of Designer Brands from a “buy” rating to a “hold” rating in a report on Tuesday, July 30th. Telsey Advisory Group cut their price objective on shares of Designer Brands from $26.00 to $19.00 and set an “outperform” rating on the stock in a report on Wednesday, August 28th. Canaccord Genuity cut their target price on shares of Designer Brands from $25.00 to $24.00 and set a “hold” rating on the stock in a report on Friday, May 31st. Wedbush set a $22.00 target price on shares of Designer Brands and gave the stock a “hold” rating in a report on Wednesday, August 21st. Finally, TheStreet lowered shares of Designer Brands from a “b-” rating to a “c+” rating in a report on Monday, August 12th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $23.33.
Shares of NYSE DBI opened at $16.49 on Monday. The firm has a 50 day simple moving average of $16.57. Designer Brands has a fifty-two week low of $14.07 and a fifty-two week high of $34.63. The firm has a market capitalization of $1.29 billion, a price-to-earnings ratio of 9.93, a P/E/G ratio of 0.54 and a beta of 1.21. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.42 and a quick ratio of 0.43.
The company also recently announced a — dividend, which will be paid on Friday, October 4th. Shareholders of record on Friday, September 20th will be issued a $0.25 dividend. The ex-dividend date is Thursday, September 19th. This represents a yield of 6.1%. Designer Brands’s dividend payout ratio (DPR) is presently 60.24%.
In other Designer Brands news, Director Joanne Zaiac sold 3,688 shares of the stock in a transaction on Monday, July 1st. The shares were sold at an average price of $19.14, for a total value of $70,588.32. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman Deborah L. Ferree sold 70,000 shares of the stock in a transaction on Friday, June 7th. The stock was sold at an average price of $18.87, for a total transaction of $1,320,900.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 81,612 shares of company stock worth $1,536,418. Company insiders own 17.40% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the business. Advisors Preferred LLC acquired a new stake in Designer Brands in the second quarter worth $26,000. Truvestments Capital LLC acquired a new stake in shares of Designer Brands during the second quarter worth $27,000. US Bancorp DE acquired a new stake in shares of Designer Brands during the second quarter worth $31,000. LS Investment Advisors LLC acquired a new stake in shares of Designer Brands during the second quarter worth $34,000. Finally, Advisory Services Network LLC acquired a new stake in shares of Designer Brands during the first quarter worth $37,000. Institutional investors own 82.76% 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.