Designer Brands Inc (NYSE: DBI) has reported E.P.S. of $0.17 for its third fiscal quarter (ending October 31) versus $0.70 for the same period a year ago — a decline of -76%. E.P.S. were $1.61 for the latest four quarters through October 31 versus $1.91 for the same period a year ago — a decline of -16%.
Recent Price Action
Designer Brands Inc (NYSE: DBI) stock closed at $8.54 on 12/5/23 after a major decline of -33.3%. Moreover, this decline was accompanied by exceptionally high trading volume at 644% of normal. The stock has declined -20.6% during the last week but has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, DBI is expected to continue to be a major Value Builder.
Designer Brands has a current Value Trend Rating of B (Positive). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Designer Brands has a neutral Appreciation Score of 49 but a very high Power Rating of 93, triggering the Positive Value Trend Rating.
Rating Review
In light of this new information and highly negative price change we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
Be the first to comment