Designer Brands Inc (NYSE:DBI) price closed lower on Friday, April 12, dropping -4.49% below its previous close.
A look at the daily price movement shows that the last close reads $8.68. The company’s P/E ratio in the trailing 12-month period read 22.45. Taking into account the 52-week price action we note that the stock hit a 52-week high of $13.44 and 52-week low of $6.14. The stock subtracted -23.38% on its value in the past month.
Designer Brands Inc, which has a market valuation of $474.52 million. The company stock has a Forward Dividend ratio of 0.20, while the dividend yield is 2.41%. It is understandable that investor optimism is growing ahead of the company’s current quarter results.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give DBI a short term outlook of 50% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Sell, while an average of long term indicators are currently assigning the stock as 100% Sell.
If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 1.53. The overview shows that DBI’s price is at present -20.10% off the SMA20 and -16.96% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 29.09, with weekly volatility standing at 5.11%. The indicator jumps to 6.12% when calculated based on the past 30 days. Designer Brands Inc (NYSE:DBI)’s beta value is holding at 2.09, while the average true range (ATR) indicator is currently reading 0.54. An analysis of the Designer Brands Inc (NYSE:DBI) stock in terms of its daily trading volume indicates that the 3-month average is 1.37 million.
Current records show that the company has 49.49M in outstanding shares. The insiders’ percentage holdings are 27.42% of outstanding shares while the percentage share held by institutions stands at 88.76%. But the -6.33% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
