In a report released today, Dana Telsey from Telsey Advisory maintained a Hold rating on Designer Brands (DBI – Research Report). The company’s shares closed yesterday at $10.89.
Telsey covers the Consumer Cyclical sector, focusing on stocks such as American Eagle, Birkenstock Holding plc, and Abercrombie Fitch. According to TipRanks, Telsey has an average return of 3.3% and a 44.20% success rate on recommended stocks.
Designer Brands has an analyst consensus of Hold, with a price target consensus of $10.00, implying a -8.17% downside from current levels. In a report released on March 13, UBS also maintained a Hold rating on the stock with a $10.00 price target.
DBI market cap is currently $655M and has a P/E ratio of 7.41.
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Designer Brands (DBI) Company Description:
Designer Brands, Inc. engages in the design, production, and retail of footwear and accessory brands. It operates through the following segments: U.S. Retail, Canada Retail, Brand Portfolio, and Others. The U.S. Retail segment focuses on stores operated in the U.S. under the DSW Designer Shoe Warehouse banner and its related e-commerce site. The Canada Retail segment comprises stores operated in Canada under The Shoe Company, Shoe Warehouse, and DSW Designer Shoe Warehouse banners and related e-commerce sites. The Brand Portfolio segment includes sales from wholesale, First Cost, and direct-to-consumer e commerce sites. The Other segment refers to the ABG and Ebuys business. The company was founded on January 20, 1969 and is headquartered in Columbus, OH.
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