Brokerages expect Designer Brands Inc (NYSE:DBI) to post $872.52 million in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Designer Brands’ earnings. The highest sales estimate is $887.96 million and the lowest is $862.30 million. Designer Brands reported sales of $712.10 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 22.5%. The business is scheduled to issue its next quarterly earnings report on Wednesday, May 29th.
According to Zacks, analysts expect that Designer Brands will report full-year sales of $3.58 billion for the current financial year, with estimates ranging from $3.52 billion to $3.62 billion. For the next fiscal year, analysts expect that the business will post sales of $3.67 billion, with estimates ranging from $3.61 billion to $3.71 billion. Zacks’ sales calculations are an average based on a survey of research analysts that cover Designer Brands.
Designer Brands (NYSE:DBI) last posted its earnings results on Tuesday, March 19th. The company reported ($0.07) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.03 by ($0.10). Designer Brands had a positive return on equity of 14.76% and a negative net margin of 0.64%. The firm had revenue of $843.37 million for the quarter, compared to the consensus estimate of $850.67 million.
DBI stock traded down $0.27 during midday trading on Friday, reaching $22.83. The company had a trading volume of 26,288 shares, compared to its average volume of 3,178,571. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.06 and a quick ratio of 0.67. Designer Brands has a 1 year low of $20.21 and a 1 year high of $34.63. The stock has a market cap of $1.86 billion, a PE ratio of 13.81, a P/E/G ratio of 1.38 and a beta of 1.09.
An institutional investor recently bought a new position in Designer Brands stock. Prime Capital Investment Advisors LLC purchased a new stake in shares of Designer Brands Inc (NYSE:DBI) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 2,500 shares of the company’s stock, valued at approximately $56,000. Institutional investors and hedge funds own 84.71% of the company’s stock.
Designer Brands Company Profile
Designer Brands Inc designs, producers, and retails footwear and accessories for women, men, and kids primarily in North America. It operates through three segments: The U.S. Retail, the Canada Retail, and the Brand Portfolio. The company also provides handbags, hosiery, jewelry, and other accessories.
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