On December 7, 2023, UBS analyst Jay Sole expressed his opinion on Designer Brands (NYSE:DBI), maintaining a Neutral rating but revising the price target from $13 to $9. Sole’s decision to adjust the price target was influenced by his comprehensive evaluation of the company’s performance and prevailing market conditions. It is worth noting that the consensus price target for Designer Brands stands at $13.50, with a high target of $16.00 and a low target of $13.00. These figures suggest that the stock is anticipated to exhibit market-aligned performance in the upcoming months.
Designer Brands Inc.
Updated on: 01/03/2024
Debt to equity ratio: Strong Buy
Price to earnings ratio: Strong Buy
Price to book ratio: Buy
DCF: Strong Sell
2:00 PM (UTC)
Date:20 January, 2024
|Analyst / firm
DBI Stock Analysis: Mixed Momentum and Potential Bearish Trend – December 7, 2023
On December 7, 2023, DBI stock exhibited a mixed bag of price momentum. DBI is currently trading in the middle of its 52-week range, suggesting a relatively stable performance. However, it is worth noting that DBI is currently trading below its 200-day simple moving average, potentially indicating a bearish trend. The price of DBI shares experienced a modest increase of $0.30, representing a rise of 3.55%. However, in after-hours trading, the stock dropped by $0.08, indicating some volatility. Investors should monitor DBI’s performance in the coming days to assess if this volatility continues or if the stock stabilizes.
DBI Stock Performance Analysis: Total Revenue, Net Income, and EPS Reviewed
On December 7, 2023, DBI stock, the stock for Designer Brands Inc., had an interesting performance. Let’s delve into the numbers and analyze the stock’s performance based on the provided information from CNN Money.
Total revenue plays a crucial role in determining a company’s financial health and growth potential. In the case of DBI, the total revenue for the past year stood at $3.31 billion, while in the third quarter, it amounted to $786.33 million. Comparing these figures, we can see that the total revenue increased by 3.72% since last year. However, it remained flat since the previous quarter.
The stability in total revenue since the last quarter suggests that DBI may have reached a plateau in terms of its sales growth. This could be a concern for investors who expect consistent revenue growth as an indicator of a company’s success.
Moving on to net income, which represents the company’s profits after deducting all expenses, DBI recorded a net income of $162.68 million in the past year. However, in the third quarter, the net income dropped significantly to $10.14 million, indicating a decrease of 72.74% since the previous quarter. Despite this decline, the net income increased by 5.3% compared to the same period last year.
The decrease in net income since the previous quarter is a worrying sign for investors. It suggests that DBI may be facing challenges in controlling its expenses or generating profits. However, the positive year-on-year net income growth indicates that the company has been able to improve its profitability over the longer term.
Earnings per share (EPS) is another essential metric for investors, as it indicates the portion of a company’s profit allocated to each outstanding share of common stock. DBI reported an EPS of $2.26 for the past year, while in the third quarter, it dropped to $0.17. This represents a decrease of 70.25% since the previous quarter. However, on a year-on-year basis, the EPS increased by 12.85%.
The significant decrease in EPS since the previous quarter is concerning, as it indicates a decline in the company’s profitability on a per-share basis. This could be attributed to various factors, such as increased expenses or a decline in sales. However, the positive year-on-year growth in EPS suggests that DBI has managed to improve its profitability over the longer term.
Based on the provided information, DBI’s stock performance on December 7, 2023, may be influenced by several factors. While the total revenue has shown some growth since last year, it has remained stagnant since the previous quarter. The net income has experienced a decline since the previous quarter, but it has shown positive growth on a year-on-year basis. Similarly, the EPS has decreased significantly since the previous quarter, but it has shown positive growth compared to the same period last year.
Investors should consider these numbers carefully and assess the potential risks and opportunities associated with DBI stock. It is crucial to analyze the company’s overall financial health, market conditions, and any other relevant factors before making any investment decisions.