Why Designer Brands Inc’s (DBI) Stock Is Up 4.31% (2024)

Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Designer Brands Inc before investing.

In this article, we go over a few key elements for understanding Designer Brands Inc’s stock price such as:

Before we jump into Designer Brands Inc’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

Designer Brands Inc. is a designer, producer and retailer of footwear brands and accessories. The Company operates through three segments: the U.S. Retail segment, the Canada Retail segment, and the Brand Portfolio segment. The U.S. Retail segment operates the DSW Designer Shoe Warehouse (DSW) banner through its direct-to-consumer United States stores and e-commerce site. The Canada Retail segment operates The Shoe Company and DSW banners through its direct-to-consumer Canada stores and e-commerce sites. The Brand Portfolio segment is engaged in sale of wholesale products to retailers and international distributors; commissions for serving retailers as the design and buying agent for products under private labels; and the sale of branded products. The Company sells its branded products on direct-to-consumer e-commerce sites for the Vince Camuto, Keds, Hush Puppies, and Topo brands. The Company’s Topo business designs specialty athletic footwear.

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As of May 24, 2024, 4:00 PM, CST, Designer Brands Inc’s stock price was $9.67.

Designer Brands Inc is up 4.31% from its previous closing price of $9.27.

During the last market session, Designer Brands Inc’s stock traded between $9.15 and $9.36. Currently, there are 56.60 million shares of Designer Brands Inc stock available for purchase.

Designer Brands Inc’s price-earnings (P/E) ratio is currently at 25.3, which is high compared to the Retailers - Apparel & Accessories industry median of 13.6. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Designer Brands Inc’s (DBI) price is currently up 4.09% so far this month.

During the month of May, Designer Brands Inc’s stock price has reached a high of $10.10 and a low of $9.01.

Over the last year, Designer Brands Inc has hit prices as high as $13.44 and as low as $6.14. Year to date, Designer Brands Inc’s stock is down 1.12%.

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Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of May 23, 2024, there was 1 analyst who downgraded Designer Brands Inc’s stock and 1 analyst who upgraded over the last month.

Additionally, you'll want to evaluate Designer Brands Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Designer Brands Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Designer Brands Inc’s current valuation based on AAII’s Value Grade is a A, which means it is considered to be Deep Value.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Designer Brands Inc (DBI) by visiting AAII Stock Evaluator.

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of May 23, 2024, Designer Brands Inc has a weighted four-quarter relative price strength of -0.55%, which translates to a Momentum Score of 65 and is considered to be Strong.

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As of May 24, 2024, Designer Brands Inc’s stock price is $9.67, which is up 4.31% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Designer Brands Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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