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Designer Brands Inc. (DBI)

NYSE - Nasdaq Real Time Price. Currency in USD
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13.08+0.20 (+1.59%)
As of 2:11PM EDT. Market open.
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  • S
    Sandman
    Big move up on heavy volume. Not sure what the catalyst is except for Shotts buying and a potential buyout by a PE firm although there is not chatter on this front yet. Shipping remains an issue so there is definitely something more to the pop.
  • S
    Sandman
    Retail getting pounded due to supply chain issues impacting holiday sales. DBI down the most as shorts continue to pounce. No near term catalyst besides a buyout from a PE firm. Even Shott's buys can only do so much.
  • A
    Anonymous
    President and Vice Chairman sell 75000 shares!!! Down 8%. So which is it. A buy or a sell or a hold???
  • G
    George
    1.5 million shares for $21,000,000 that’s alit of coin - know he’s on inside as CEO!! Follow the money….
  • S
    Sandman
    UBS rates neutral with a $16 PT. Pending loss of Nike, delayed recovery in fashion footwear, more moderate gross margin expansion and reduction in sales increase from 9.5% to 3.3%. Also need to factor in the loss of stimulus checks and sourcing issues. It is possible they could outperform if they do well with their kids selection with back to school.
  • S
    Sandman
    Jay Schotts backing up the truck. Purchased $21,000,000 so far in Sept at prices in the range of ~$12.50-$13. Now that is an insider purchase.
  • S
    Sandman
    Solid performance for the quarter with sales, margins, and net income hitting on all cylinders. Inventory up which is probably in anticipation of continued strong sales and is probably beneficial considering the grid lock at the ports. The only concern is, how does management screw this up again. These folks have a pretty long history of misreading the market after things go well for a couple of quarters. Also, as mentioned in an earlier post, someone knew this was coming as the Sept $15 calls have a massive open interest.
  • B
    Brent
    Probably going to buy into DBI on Monday, solid earnings plus It's the lowest It's been in six month, expecting a rebound to maybe 13$, and then another climb down. But when this bottoms out you'll be wishing you had bought it.
  • S
    Sandman
    Up 7% on low volume to over $15. Unusual amount of open interest in Sept $15 Calls. Somebody trying to drive this up to meet the calls.
  • B
    Bofo
    I don't believe DBI stock price is being manipulated.I listened to the earnings conference call & it certainlly wasn't upbeat, but most stores are now re-opened, they have decent cash on hand. Like all other brick-and-mortar retailers, they are not at pre-COVID shutdown sales levels. Full recovery will take awhile. DBI also declined to give forward guidance on sales/earnings.
    But things are getting better, not worse. Also, there are quite a bit of shares shorted - approx 10% of total float. 6 million shares short. When the shorts cover, stock price will rise.
    DBI is selling for approx 50% of pre-COVID shutdown levels. Maybe there is limited downside currently, unless additional bad news on the virus resurgence?
  • M
    MATT DOC
    Payless closed 2600 stores! That is 37% of all closings in US this year. DBI picks up at least 20% of that business minimum. This is the Best Buy Circuit City scenario but much better. This stock is $30 in a year minimum. and great online presence!
  • S
    Sell Hi.
    I see a recovery already happening. DSW is doing a great job with their stores. Everyone loves a treasure hunt. Sending shoes back from an internet purchase is a major hassle. Shoes need to be tried on. DSW should put more emphasis on the treasure hunt and the ease of the in store try on. Also, the new area to try on the shoes is keeping the stores clean and in order.
    Great Job DSW...
  • B
    Bill
    oversold 11x fwd earnings record revenue and get a 4.5% div. payless and shoe carnival closing gives them more market share.
  • S
    Steven
    At $14 per share they are paying a 7% dividend...if it holds, that’s getting to be pretty attractive for new money in.
  • S
    Steven
    This upcoming earnings report will be very interesting. A year ago, DSW reported 2Q revenue and earnings that blew out expectations and the stock went up like 20%. The stock price has recently been hammered by the China issue, which if it does ultimately impact them, it would be down the road. So, the (unencumbered) 2nd qtr business results might once again really take investors by surprise.
  • B
    Bradley
    Rumors swirling that Nike is terminating their retail agreement with DBI. Pulling out of all stores and e-commerce. Nike sales currently account for over $200 mil in top-line revenue. Anyone else hear this?
  • B
    Bofo
    The bad earnings & guidance from Under Armour yesterday caused most retail apparel/footwear stocks to sell off. Hopefully, the opening of DBI stores in the next few weeks will get the stock price up.
  • R
    Ralph
    Trying to analyze the Camuto deal I think DSW finally made a good move. This is a successful business that doesn't require a fix. DSW now has access to proven designers, manufacturing that allows control of quality, and improved distribution. Does anybody know how the license brands will work with Authentic Brands.
  • C
    Chicken
    6% yield, P/E of 27, and solid support. Looks pretty good.
  • M
    MrNiceGuy
    Great buy below 20. Nice dividend why you wait for stock to go up!