Designer Brands Inc (NYSE:DBI) Expected to Post Earnings of $0.49 Per Share

Equities research analysts expect Designer Brands Inc (NYSE:DBI) to post earnings of $0.49 per share for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Designer Brands’ earnings. The lowest EPS estimate is $0.47 and the highest is $0.51. Designer Brands posted earnings of $0.63 per share in the same quarter last year, which suggests a negative year over year growth rate of 22.2%. The firm is expected to announce its next earnings results on Tuesday, August 27th.

According to Zacks, analysts expect that Designer Brands will report full-year earnings of $1.92 per share for the current fiscal year, with EPS estimates ranging from $1.91 to $1.92. For the next financial year, analysts anticipate that the company will report earnings of $2.19 per share, with EPS estimates ranging from $2.14 to $2.23. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Designer Brands.

Designer Brands (NYSE:DBI) last posted its quarterly earnings data on Thursday, May 30th. The company reported $0.43 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.43. The firm had revenue of $878.52 million for the quarter, compared to analysts’ expectations of $874.97 million. Designer Brands had a negative net margin of 0.41% and a positive return on equity of 15.85%. The business’s quarterly revenue was up 23.4% on a year-over-year basis. During the same quarter last year, the company posted $0.39 EPS.

Several analysts have recently weighed in on DBI shares. TheStreet upgraded shares of Designer Brands from a “c” rating to a “b-” rating in a research report on Thursday, May 30th. Zacks Investment Research raised shares of Designer Brands from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a report on Tuesday, June 11th. Canaccord Genuity reduced their target price on shares of Designer Brands from $25.00 to $24.00 and set a “hold” rating on the stock in a report on Friday, May 31st. Wedbush reduced their target price on shares of Designer Brands from $28.00 to $25.00 and set a “neutral” rating on the stock in a report on Thursday, May 16th. Finally, ValuEngine raised shares of Designer Brands from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 4th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $23.00.

Shares of Designer Brands stock traded up $0.53 on Wednesday, hitting $18.62. 60,561 shares of the company traded hands, compared to its average volume of 1,956,927. The company’s 50-day simple moving average is $19.26. The company has a current ratio of 1.50, a quick ratio of 0.43 and a debt-to-equity ratio of 1.52. The company has a market capitalization of $1.41 billion, a P/E ratio of 11.22, a P/E/G ratio of 0.63 and a beta of 1.25. Designer Brands has a 12-month low of $17.55 and a 12-month high of $34.63.

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Wednesday, June 19th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 5.37%. The ex-dividend date of this dividend is Tuesday, June 18th. Designer Brands’s dividend payout ratio is currently 60.24%.

In related news, Director Harvey L. Sonnenberg sold 7,924 shares of the stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $18.29, for a total transaction of $144,929.96. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Chairman Deborah L. Ferree sold 70,000 shares of the stock in a transaction on Friday, June 7th. The shares were sold at an average price of $18.87, for a total transaction of $1,320,900.00. The disclosure for this sale can be found here. 17.40% of the stock is currently owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in the stock. Versant Capital Management Inc bought a new stake in Designer Brands in the 1st quarter worth $26,000. Advisory Services Network LLC bought a new stake in Designer Brands in the 1st quarter worth $37,000. Prime Capital Investment Advisors LLC bought a new stake in Designer Brands in the 1st quarter worth $56,000. Cerebellum GP LLC bought a new stake in Designer Brands in the 1st quarter worth $327,000. Finally, Mason Street Advisors LLC bought a new stake in Designer Brands in the 1st quarter worth $487,000. 79.45% of the stock is currently owned by institutional investors.

About Designer Brands

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.

Read More: How does the Beige Book influence monetary policy?

Get a free copy of the Zacks research report on Designer Brands (DBI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Designer Brands (NYSE:DBI)

Receive News & Ratings for Designer Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Designer Brands and related companies with MarketBeat.com's FREE daily email newsletter.