The trading price of Designer Brands Inc (NYSE:DBI) closed higher on Friday, April 19, closing at $8.79, 3.29% higher than its previous close.
The company’s P/E ratio in the trailing 12-month period was 23.81, while its 5Y monthly beta was 2.07. In examining the 52-week price action we see that the stock hit a 52-week high of $13.44 and a 52-week low of $6.14. Over the past month, the stock has lost -23.70% in value.
Designer Brands Inc, whose market valuation is $503.14 million at the time of this writing, is expected to release its quarterly earnings report Jun 06, 2024 – Jun 10, 2024. The dividend yield on the company stock is 2.28%, while its Forward Dividend ratio is 0.20. Investors’ optimism about the company’s current quarter earnings report is understandable.
A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Designer Brands Inc No upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest DBI has a 50% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Sell, while an average of long term indicators suggests that the stock is currently 100% Sell.
If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 1.62, which symbolizes a positive outlook. A quick review shows that DBI’s price is currently -9.57% off the SMA20 and -11.47% off the SMA50. The RSI metric on the 14-day chart is currently showing 39.37, and weekly volatility stands at 4.14%. When measured over the past 30 days, the indicator reaches 6.03%. Designer Brands Inc (NYSE:DBI)’s beta value is currently sitting at 2.11, while the Average True Range indicator is currently displaying 0.48.
To see how Designer Brands Inc stock has been performing in comparison to its peers in the industry, here are the numbers: DBI stock’s performance was 3.29% in the latest trading, and -3.19% in the past year. Designer Brands Inc has a P/E ratio of 23.81.
An evaluation of the daily trading volume of Designer Brands Inc (NYSE:DBI) indicates that the 3-month average is 1.37 million.
Currently, records show that 49.49 million of the company’s shares remain outstanding. The insiders hold 27.38% of outstanding shares, whereas institutions hold 88.79%. However, since the stock’s price has seen -0.68% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
