Designer Brands (DBI) Receives a Hold from Susquehanna


In a report released today, Sam Poser from Susquehanna reiterated a Hold rating on Designer Brands (DBI), with a price target of $5.50. The company’s shares closed last Friday at $7.01.

According to TipRanks.com, Poser is a 1-star analyst with an average return of -0.4% and a 50.1% success rate. Poser covers the Consumer Goods sector, focusing on stocks such as Dick’s Sporting Goods, Canada Goose Holdings, and Wolverine World Wide.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Designer Brands with a $6.67 average price target.

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Based on Designer Brands’ latest earnings release for the quarter ending April 30, the company reported a quarterly revenue of $483 million and GAAP net loss of $216 million. In comparison, last year the company earned revenue of $873 million and had a net profit of $31.19 million.

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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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