Stock Rating Downgrade
The Value Trend Rating for Designer Brands Inc (NYSE: DBI) weakened in the last week from C to D reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
Designer Brands Inc (NYSE: DBI) stock closed at $9.44 on 4/8/24 after a large decline of -6.2%. NORMAL trading volume accompanied the decline. The stock has declined -13.6% during the last week and has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
DBI’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Designer Brands has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Designer Brands has a neutral Appreciation Score of 45 and a slightly negative Power Rating of 37, resulting in the Negative Value Trend Rating.
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