|Bid||17.75 x 1400|
|Ask||17.84 x 800|
|Day's Range||16.99 - 17.92|
|52 Week Range||4.17 - 18.45|
|Beta (5Y Monthly)||2.66|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jun 16, 2021 - Jun 21, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Mar 27, 2020|
|1y Target Est||14.20|
American Eagle CEO Jay Schottenstein bought $12.6 million of shares of Designer Brands, the parent of DSW Designer Shoe Warehouse
What happened Shares of Designer Brands (NYSE: DBI) soared 10% higher in morning trading Monday before paring back the gains by about half as the noon hour approached. So what The executive chairman of the luxury footwear designer and manufacturer, Jay Schottenstein, reported after the market closed Friday that he had acquired some 900,000 shares of company stock at around $14 per share.
Shares of Designer Brands (NYSE: DBI), the parent of DSW, were sliding today on reports that it is among the retailers that Nike (NYSE: NKE) is cutting out as part of a plan to limit distribution to favor its own channels and retailers willing to give the brand an elevated experience. Designer Brands stock was down 7.3% at the close on Wednesday on the news. For several years, Nike has had a strategy of paring down undifferentiated retailers like mom-and-pop shops in order to take more control over its brand experience and focus on retailers like Foot Locker and Nordstrom willing to give the sneaker brand dedicated space and Nike-trained employees.