Deborah L. Ferree Sells 69,806 Shares of Designer Brands Inc (NYSE:DBI) Stock

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Designer Brands Inc (NYSE:DBI) Chairman Deborah L. Ferree sold 69,806 shares of the business’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $16.37, for a total value of $1,142,724.22.

NYSE:DBI opened at $17.08 on Thursday. The stock has a market capitalization of $1.18 billion, a P/E ratio of 10.29, a P/E/G ratio of 0.57 and a beta of 1.18. The stock’s 50 day moving average is $16.18. Designer Brands Inc has a fifty-two week low of $14.07 and a fifty-two week high of $34.63. 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 (NYSE:DBI) last announced its quarterly earnings data on Thursday, August 29th. The company reported $0.48 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.01). The company had revenue of $860.20 million for the quarter, compared to analysts’ expectations of $872.99 million. Designer Brands had a net margin of 1.53% and a return on equity of 14.92%. The firm’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.63 earnings per share. As a group, research analysts anticipate that Designer Brands Inc will post 1.9 earnings per share for the current year.

The company also recently announced a — dividend, which will be paid on Friday, October 4th. Investors of record on Friday, September 20th will be issued a $0.25 dividend. This represents a yield of 6.1%. The ex-dividend date of this dividend is Thursday, September 19th. Designer Brands’s payout ratio is currently 60.24%.

A number of hedge funds have recently bought and sold shares of DBI. Advisors Preferred LLC acquired a new stake in Designer Brands during the second quarter worth about $26,000. Truvestments Capital LLC acquired a new position in shares of Designer Brands in the 2nd quarter valued at about $27,000. US Bancorp DE purchased a new stake in shares of Designer Brands during the 2nd quarter worth about $31,000. LS Investment Advisors LLC purchased a new stake in shares of Designer Brands during the 2nd quarter worth about $34,000. Finally, Advisory Services Network LLC acquired a new stake in Designer Brands during the 1st quarter worth approximately $37,000. 78.45% of the stock is owned by hedge funds and other institutional investors.

DBI has been the topic of a number of recent analyst reports. Telsey Advisory Group reduced their price target on Designer Brands from $26.00 to $19.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 28th. Canaccord Genuity lowered their price objective on Designer Brands from $25.00 to $24.00 and set a “hold” rating for the company in a research report on Friday, May 31st. Wedbush set a $22.00 target price on Designer Brands and gave the company a “hold” rating in a research note on Wednesday, August 21st. Zacks Investment Research downgraded Designer Brands from a “buy” rating to a “hold” rating in a research report on Tuesday, July 30th. Finally, Needham & Company LLC set a $32.00 price target on Designer Brands and gave the stock a “buy” rating in a research note on Thursday, August 22nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $22.57.

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.

See Also: Hedge Funds

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