Designer Brands Inc (NYSE:DBI) declared a — dividend on Friday, August 30th, Wall Street Journal reports. Shareholders of record on Friday, September 20th will be paid a dividend of 0.25 per share on Friday, October 4th. This represents a yield of 6.1%. The ex-dividend date is Thursday, September 19th.
Shares of DBI opened at $17.08 on Wednesday. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.34 and a current ratio of 1.42. Designer Brands has a 1 year low of $14.07 and a 1 year high of $34.63. The company has a market capitalization of $1.22 billion, a PE ratio of 10.29, a P/E/G ratio of 0.59 and a beta of 1.19. The stock’s 50-day moving average is $16.08.
Designer Brands (NYSE:DBI) last issued its earnings results on Thursday, August 29th. The company reported $0.48 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.01). Designer Brands had a return on equity of 14.92% and a net margin of 1.53%. The company had revenue of $860.20 million for the quarter, compared to the consensus estimate of $872.99 million. During the same quarter last year, the business posted $0.63 EPS. Designer Brands’s quarterly revenue was up 8.2% on a year-over-year basis. Equities analysts expect that Designer Brands will post 1.9 earnings per share for the current fiscal year.
DBI has been the topic of a number of recent analyst reports. Telsey Advisory Group reduced their target price on Designer Brands from $26.00 to $19.00 and set an “outperform” rating on the stock in a report on Wednesday, August 28th. ValuEngine cut Designer Brands from a “sell” rating to a “strong sell” rating in a report on Thursday, June 13th. Zacks Investment Research cut Designer Brands from a “buy” rating to a “hold” rating in a report on Tuesday, July 30th. Needham & Company LLC set a $32.00 target price on Designer Brands and gave the stock a “buy” rating in a report on Thursday, August 22nd. Finally, Wedbush set a $22.00 target price on Designer Brands and gave the stock a “hold” rating in a report on Wednesday, August 21st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $23.86.
In other news, Chairman Deborah L. Ferree sold 69,806 shares of Designer Brands stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $16.37, for a total transaction of $1,142,724.22. Also, Director Joanne Zaiac sold 3,688 shares of Designer Brands stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $19.14, for a total value of $70,588.32. The disclosure for this sale can be found here. Insiders own 17.40% 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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