Brokerages expect Designer Brands Inc (NYSE:DBI) to report earnings per share of $0.49 for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Designer Brands’ earnings, with the highest EPS estimate coming in at $0.51 and the lowest estimate coming in at $0.47. Designer Brands posted earnings of $0.63 per share in the same quarter last year, which indicates a negative year over year growth rate of 22.2%. The business is expected to issue its next quarterly earnings results on Tuesday, August 27th.
On average, analysts expect that Designer Brands will report full-year earnings of $1.92 per share for the current year, with EPS estimates ranging from $1.91 to $1.92. For the next year, analysts expect that the firm will post earnings of $2.19 per share, with EPS estimates ranging from $2.14 to $2.23. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that follow Designer Brands.
Designer Brands (NYSE:DBI) last released its earnings results on Thursday, May 30th. The company reported $0.43 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.43. The firm had revenue of $878.52 million during the quarter, compared to the consensus estimate of $874.97 million. Designer Brands had a negative net margin of 0.41% and a positive return on equity of 15.85%. The company’s revenue was up 23.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.39 EPS.
Several research firms have issued reports on DBI. Zacks Investment Research cut shares of Hancock Jaffe Laboratories from a “buy” rating to a “hold” rating in a research note on Wednesday, June 26th. Canaccord Genuity reiterated a “hold” rating on shares of National Bank of Canada in a research note on Friday, May 31st. Wedbush reiterated a “hold” rating and issued a $1.00 target price on shares of Regulus Therapeutics in a research note on Thursday, May 16th. ValuEngine upgraded shares of WEX from a “hold” rating to a “buy” rating in a research note on Thursday, June 13th. Finally, TheStreet cut shares of Urban Outfitters from a “b-” rating to a “c+” rating in a research note on Thursday, May 30th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $23.00.
DBI traded up $0.44 on Friday, hitting $19.00. The company’s stock had a trading volume of 800,700 shares, compared to its average volume of 1,644,094. The stock’s 50 day simple moving average is $18.64. The stock has a market cap of $1.48 billion, a price-to-earnings ratio of 11.45, a P/E/G ratio of 0.65 and a beta of 1.23. Designer Brands has a 12 month low of $17.55 and a 12 month high of $34.63. The company has a current ratio of 1.50, a quick ratio of 0.43 and a debt-to-equity ratio of 1.52.
The business also recently disclosed a quarterly dividend, which was paid on Friday, July 5th. Stockholders of record on Wednesday, June 19th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 5.26%. The ex-dividend date of this dividend was Tuesday, June 18th. Designer Brands’s dividend payout ratio (DPR) is currently 60.24%.
In other news, Director Joanne Zaiac sold 3,688 shares of the firm’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $19.14, for a total transaction of $70,588.32. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Chairman Deborah L. Ferree sold 70,000 shares of the firm’s stock in a transaction on Friday, June 7th. The shares were 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. In the last 90 days, insiders have sold 81,612 shares of company stock worth $1,536,418. Corporate insiders own 17.40% of the company’s stock.
Several institutional investors have recently bought and sold shares of the company. Versant Capital Management Inc purchased a new stake in shares of Designer Brands during the 1st quarter valued at $26,000. Advisory Services Network LLC purchased a new stake in shares of Designer Brands during the 1st quarter valued at $37,000. Prime Capital Investment Advisors LLC purchased a new stake in shares of Designer Brands during the 1st quarter valued at $56,000. Nisa Investment Advisors LLC raised its position in shares of Designer Brands by 41.5% during the 2nd quarter. Nisa Investment Advisors LLC now owns 37,532 shares of the company’s stock valued at $719,000 after buying an additional 11,000 shares in the last quarter. Finally, Xact Kapitalforvaltning AB purchased a new stake in shares of Designer Brands during the 2nd quarter valued at $233,000. Hedge funds and other institutional investors own 79.45% of the company’s stock.
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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