Designer Brands Inc (DBI) Got Some Good News

In a report released today, Sam Poser from Susquehanna upgraded Designer Brands Inc (DBI) to Buy, with a price target of $27. The company’s shares closed last Monday at $16.82, close to its 52-week low of $14.08.

According to, Poser is a 4-star analyst with an average return of 4.4% and a 54.8% success rate. Poser covers the Consumer Goods sector, focusing on stocks such as Canada Goose Holdings Inc, Lululemon Athletica Inc, and Wolverine World Wide.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Designer Brands Inc with a $25 average price target.

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Designer Brands Inc’s market cap is currently $1.22B and has a P/E ratio of 24.93. The company has a Price to Book ratio of 1.68.

Based on the recent corporate insider activity of 34 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of DBI in relation to earlier this year. Earlier this month, Deborah Ferree, the V Chairman & President of DBI sold 69,806 shares for a total of $1,142,724.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

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