CL King upgraded shares of Designer Brands (NYSE:DBI) from a buy rating to a strong-buy rating in a report published on Friday, Benzinga reports. The firm currently has $23.00 price target on the stock.
DBI opened at $23.09 on Friday. The stock has a market cap of $1.82 billion, a P/E ratio of 13.91, a P/E/G ratio of 1.36 and a beta of 1.09. 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 fifty-two week low of $20.21 and a fifty-two week high of $34.63.
Designer Brands (NYSE:DBI) last issued its earnings results on Tuesday, March 19th. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.10). The business had revenue of $843.37 million for the quarter, compared to the consensus estimate of $850.67 million. Designer Brands had a positive return on equity of 14.76% and a negative net margin of 0.64%. Analysts predict that Designer Brands will post 1.86 earnings per share for the current year.
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.
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