Wall Street brokerages expect Designer Brands Inc (NYSE:DBI) to announce sales of $872.52 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Designer Brands’ earnings, with the highest sales estimate coming in at $887.96 million and the lowest estimate coming in at $862.30 million. Designer Brands reported sales of $712.10 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 22.5%. The firm is expected to report its next earnings report on Wednesday, May 29th.
According to Zacks, analysts expect that Designer Brands will report full-year sales of $3.58 billion for the current fiscal year, with estimates ranging from $3.52 billion to $3.62 billion. For the next fiscal year, analysts forecast that the firm will report sales of $3.67 billion, with estimates ranging from $3.61 billion to $3.71 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Designer Brands.
Designer Brands (NYSE:DBI) last announced its quarterly earnings data on Tuesday, March 19th. The company reported ($0.07) EPS for the quarter, missing the Zacks’ consensus estimate of $0.03 by ($0.10). The firm had revenue of $843.37 million during the quarter, compared to analyst estimates of $850.67 million. Designer Brands had a negative net margin of 0.64% and a positive return on equity of 14.76%.
A number of institutional investors have recently modified their holdings of the business. Prime Capital Investment Advisors LLC purchased a new position in shares of Designer Brands during the 1st quarter worth approximately $56,000. Nisa Investment Advisors LLC purchased a new position in shares of Designer Brands during the 1st quarter worth approximately $590,000. Smith Graham & Co. Investment Advisors LP purchased a new position in shares of Designer Brands during the 1st quarter worth approximately $5,915,000. Versant Capital Management Inc purchased a new position in shares of Designer Brands during the 1st quarter worth approximately $26,000. Finally, New York State Teachers Retirement System purchased a new position in shares of Designer Brands during the 1st quarter worth approximately $852,000. 86.24% of the stock is owned by institutional investors.
NYSE:DBI traded down $0.13 during mid-day trading on Monday, reaching $21.55. The stock had a trading volume of 31,756 shares, compared to its average volume of 1,682,287. The company has a quick ratio of 0.67, a current ratio of 2.06 and a debt-to-equity ratio of 0.19. The company has a market cap of $1.70 billion, a P/E ratio of 12.95, a PEG ratio of 1.39 and a beta of 1.07. Designer Brands has a twelve month low of $20.21 and a twelve month high of $34.63.
Designer Brands Company Profile
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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