DBI - Designer Brands Inc.

NYSE - NYSE Delayed Price. Currency in USD
6.13
-0.33 (-5.11%)
At close: 4:02PM EDT
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Previous Close6.46
Open6.12
Bid6.14 x 1100
Ask6.14 x 3200
Day's Range5.81 - 6.47
52 Week Range2.60 - 23.39
Volume1,350,470
Avg. Volume1,750,356
Market Cap439.818M
Beta (5Y Monthly)1.07
PE Ratio (TTM)4.84
EPS (TTM)1.27
Earnings DateMay 27, 2020 - May 31, 2020
Forward Dividend & Yield0.85 (12.96%)
Ex-Dividend DateMar 26, 2020
1y Target Est8.43
  • DSW parent places 80% of workforce on unpaid leave
    American City Business Journals

    DSW parent places 80% of workforce on unpaid leave

    Employees not placed on leave will have their pay cut, the company said, including a 20% reduction in the base salaries for all executives and a 20% reduction in cash retainers for all non-employee directors serving on its board.

  • DSW Parent Is Not Issuing 2020 Outlook as Coronavirus Slams Stock, Creates Uncertainty
    Footwear News

    DSW Parent Is Not Issuing 2020 Outlook as Coronavirus Slams Stock, Creates Uncertainty

    Designer Brands Inc. has stopped short of providing an outlook for the fiscal year 2020 as fear surrounding the coronavirus crisis batters its stock and negatively impacts other aspects of its business.The DSW parent released today its fourth-quarter earnings report, noting net losses of $3.66 million, or $0.05 per share, compared with analysts' forecasts for a $0.06 loss. Revenues for the three-month period ended Feb. 1 dropped 1.48% to $829.62 million missing market watchers' bets of $839.97 million. In a statement, CEO Roger Rawlins lamented the business impact of the coronavirus, which has sickened more than 185,000 people worldwide and killed 7,330."The impact of COVID-19 on our business and industry is unprecedented, and our thoughts are with those individuals who have been directly affected by the virus," he said. "Due to the current level of uncertainty, which we expect to continue in the coming months due to the rapidly evolving and unprecedented circumstances surrounding COVID-19, we are refraining from providing 2020 guidance."Fears of the virus expanded last week after the World Health Organization declared the coronavirus a pandemic. Industries across the board have been recording losses — including the import-export industry, which has faced port closures and weeks of slowed production overseas, and the retail sector, through widespread store closures and significantly reduced foot traffic at those that remain open — as many governments around the world have imposed restrictions or bans on travel in an effort to contain the spread of the illness.Yesterday, Designer Brands joined a slew of retailers — including Nordstrom Inc. and Famous Footwear owner Caleres Inc. — that saw their stocks clobbered as coronavirus-panicked investors brushed off the Federal Reserve's emergency interest rate cut. At market close, shares for DBI were down nearly 40% to $5.95.Amid the outbreak, DSW stores across North America have temporarily closed, but its warehouses remain open to complete online orders. The company's retail employees will continue to be compensated "in the near term," Rawlins said.For the 2019 fiscal year, DBI recorded adjusted earnings per share of $1.53 on profits of $114.3 million. Revenues rose 9.9% to $3.49 billion, while comps improved by 0.8%, compared with last year's 6.1% increase. In Tuesday premarket trading, its stock advanced 1.68% to $6.05."We remain focused on strengthening our relationship with our customers and increasing our market share through the execution of our three strategic pillars of developing differentiated products; offering differentiated experiences, both in store and online; and focusing on new growth opportunities to position Designer Brands well for the long term," Rawlins added.Want more?J-Lo Launches Trend-Forward Shoe Line With Camuto Group and DSWThe Met Gala and All the Major Events Cancelled Due to CoronavirusMore from Footwear News * Nordstrom Closing All Stores in US and Canada for Two Weeks Amid Coronavirus Acceleration * Saks Fifth Avenue Temporarily Closes Manhattan Flagship Due to Coronavirus Safety Concerns * Adidas Remains Mostly Open, Despite Nike, Under Armour & Others Shutting Down Amid Coronavirus

  • L Brands, Express, DSW closing stores, sending HQ workers home
    American City Business Journals

    L Brands, Express, DSW closing stores, sending HQ workers home

    L Brands Inc., Express Inc. and Designer Brands Inc. are both closing stores and sending headquarters employees home to slow the spread of coronavirus. The parent companies of Victoria's Secret, Pink and Bath & Body Works (NYSE: LB) as well as DSW (NYSE: DBI) and Express (NYSE: EXPR) announced Tuesday that temporary store closures at all North American stores would continue through at least March 27.

  • Designer Brands (DBI) Reports Q4 Loss, Lags Revenue Estimates
    Zacks

    Designer Brands (DBI) Reports Q4 Loss, Lags Revenue Estimates

    Designer Brands (DBI) delivered earnings and revenue surprises of 16.67% and -1.66%, respectively, for the quarter ended January 2020. Do the numbers hold clues to what lies ahead for the stock?

  • Designer Brands Inc. Reports Fourth Quarter and Fiscal Year 2019 Financial Results
    CNW Group

    Designer Brands Inc. Reports Fourth Quarter and Fiscal Year 2019 Financial Results

    Designer Brands Inc. Reports Fourth Quarter and Fiscal Year 2019 Financial Results

  • ACCESSWIRE

    Designer Brands, Inc. to Host Earnings Call

    NEW YORK, NY / ACCESSWIRE / March 17, 2020 / Designer Brands, Inc. (NYSE:DBI) will be discussing their earnings results in their 2019 Fourth Quarter Earnings call to be held on March 17, 2020 at 8:30 AM ...

  • How Does Designer Brands's (NYSE:DBI) P/E Compare To Its Industry, After The Share Price Drop?
    Simply Wall St.

    How Does Designer Brands's (NYSE:DBI) P/E Compare To Its Industry, After The Share Price Drop?

    Unfortunately for some shareholders, the Designer Brands (NYSE:DBI) share price has dived 39% in the last thirty days...

  • Will Designer Brands (DBI) Report Negative Earnings Next Week? What You Should Know
    Zacks

    Will Designer Brands (DBI) Report Negative Earnings Next Week? What You Should Know

    Designer Brands (DBI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • Designer Brands Inc. Announces Fourth Quarter and Fiscal Year 2019 Earnings Release Date
    PR Newswire

    Designer Brands Inc. Announces Fourth Quarter and Fiscal Year 2019 Earnings Release Date

    Designer Brands Inc. (NYSE: DBI), one of North America's largest designers, producers and retailers of footwear and accessories, announced the Company will issue its fourth quarter and fiscal year 2019 earnings on March 17, 2020. Management will host a conference call to discuss the results at 8:30 am E.T. A press release detailing the Company's results will be issued prior to the call.

  • MoneyShow

    Designer Brands- Step Up with J.Lo

    Designer Brands Inc. (DBI) is one of North America's largest designers, producers and retailers of footwear and accessories, notes Crista Huff, editor of Cabot Undervalued Stocks Advisor.

  • Those Who Purchased Designer Brands (NYSE:DBI) Shares Five Years Ago Have A 58% Loss To Show For It
    Simply Wall St.

    Those Who Purchased Designer Brands (NYSE:DBI) Shares Five Years Ago Have A 58% Loss To Show For It

    In order to justify the effort of selecting individual stocks, it's worth striving to beat the returns from a market...

  • Designer Brands Is the Latest to Hire a Chief Growth Officer — Is This Retail’s Next Big C-Suite Role?
    Footwear News

    Designer Brands Is the Latest to Hire a Chief Growth Officer — Is This Retail’s Next Big C-Suite Role?

    Designer Brands Inc. is the latest company to hop on a growing C-suite trend.The firm announced on Tuesday the appointment of William "Bill" L. Jordan to the newly created position of chief growth officer, effective immediately.While the role of chief growth officer may not be as familiar as other executive positions, the post is growing in popularity — and especially at large companies like Kimberly-Clark and Coca-Cola — according to Shawn Burcham, CEO and founder of PFSbrands and the author of "Keeping Score with GRITT: Straight Talk Strategies for Success." Burcham says a CGO can help improve synergy across a business."The purpose of the CGO is to bridge 'silos' in departments such as: business development, sales, marketing, IT, and operations. CGOs help to better align these internal departments to focus on revenue growth by studying external market dynamics, buyer behaviors and customer preferences, while also engaging with potential prospects," explained Burcham. "CGOs may be needed to help companies create different ways to develop their prospects and help to align internal teams to create better customer experiences."In the chief growth officer post at DBI, Jordan is expected to chart strategic growth opportunities for the firm. He is tasked with identifying new partnership opportunities, innovating new retail concepts and integrating operations across DBI's portfolio, according to CEO Roger Rawlins."As DBI executes its growth initiatives to increase our market share, via differentiated products and differentiated shopping experiences, we believe Bill's expertise is best utilized to help guide and grow our organization as a whole," said Rawlins. "Bill is a seasoned executive with a unique set of skills, and we look forward to benefitting from his talents in this newly created role."DBI's creation of the CGO post appears to be part of its push to bridge its retail and design/production branches. The firm, traded under the DSW ticker until its 2018 acquisition, in partnership with Authentic Brands Group, of the Camuto Group. DBI has a significant foothold in retail, with about 1,000 retail locations under the DSW, Shoe Warehouse and The Shoe Company banners. In 2018, the company stepped into the design and production space by purchasing Camuto Group through a joint venture with Authentic Brands Group. DBI has a 40% stake in Camuto, while ABG has a 60% majority stake. Under the deal, the pair acquired the intellectual property of brands including Sole Society, Louise et Cet and Vince Camuto. Camuto Group has taken over design, sourcing and production for DSW's private-label brands, allowing for higher margin potential. DBI is also seeking to bolster Camuto's wholesale business across its DSW and Shoe Company platforms. Just this month, DBI announced the launch of the JLo Jennifer Lopez shoe and accessories brand, coming this March, which is being designed and produced by Camuto Group, with product to be sold exclusively at DSW.com and in DSW stores.Prior to being named DBI's chief growth officer, Jordan had been serving in dual posts as president of DSW Designer Shoe Warehouse and EVP of Designer Brands. Before becoming president of DSW, Jordan held several positions at DSW (before it became Designer Brands)over 14 years, including DSW chief administrative officer, EVP and chief legal officer as well as Town Shoes president. As Jordan assumes his new post, Rawlins will serve as interim DSW president. The company is conducting a search to fill the role permanently.Want more?Market Watchers Divided on Designer Brands After a Disappointing Q3DSW Parent Designer Brands Stock Tumbles on Earnings Miss and Slashed OutlookMore from Footwear News * J-Lo Launches Trend-Forward Shoe Line With Camuto Group & DSW * The Icky Reason Shoe Rentals Aren't Taking Off * DSW Opens a Pop-Up -- But It Won't Make Any Money There

  • Columbus-based public company expands C-suite
    American City Business Journals

    Columbus-based public company expands C-suite

    DSW's parent company is adding a new position focused on growth to its C-suite. Bill Jordan, who has been president of DSW Inc. since February 2019, has been named chief growth officer at Designer Brands Inc., effective immediately. Designer Brands CEO Roger Rawlins will serve as interim president of DSW while the company searches for a permanent replacement.

  • Designer Brands Inc. Names William L. Jordan as Chief Growth Officer
    PR Newswire

    Designer Brands Inc. Names William L. Jordan as Chief Growth Officer

    Designer Brands Inc. (NYSE: DBI), one of North America's largest designers, producers and retailers of footwear and accessories, today announced William "Bill" L. Jordan has been named Chief Growth Officer of Designer Brands, effective immediately. Previously, Bill served as Executive Vice President and President, DSW since February 2019. As part of this transition, Roger Rawlins will serve as Interim President, DSW, in addition to his duties as Chief Executive Officer of Designer Brands. The Company is conducting a search to identify a permanent successor.

  • DSW parent company inks deal with Jennifer Lopez
    American City Business Journals

    DSW parent company inks deal with Jennifer Lopez

    The shoe and handbag lineup will be crafted "with the purpose of inspiring women to create and choose a life of confidence, empowerment and positivity."

  • MarketWatch

    DSW partners with Jennifer Lopez for exclusive shoe collection

    Designer Brands Inc. said Thursday that it has partnered with Jennifer Lopez to sell an exclusive line of shoes and handbags at the DSW Designer Shoe Warehouse chain. The JLo Jennifer Lopez collection of shoes will launch in the spring with handbags to follow. Lopez will have creative authority and the merchandise will be sourced and sold among the partners. Jennifer Lopez has more than 200 million social media followers and just recently headlined the Super Bowl halftime show with fellow entertainer, Shakira. Lopez and her fiancee Alex Rodriguez are also founders of Tiller & Hatch, a line of meal kits designed for pressure cookers. Designer Brands stock has fallen 44% over the past year while the S&P 500 index has gained 22.4% for the period.

  • Designer Brands Announces Business Partnership With Global Superstar Jennifer Lopez To Develop Footwear And Handbag Collection
    PR Newswire

    Designer Brands Announces Business Partnership With Global Superstar Jennifer Lopez To Develop Footwear And Handbag Collection

    Designer Brands Inc. (NYSE:DBI), one of North America's largest footwear and accessories retailers, today announced a business partnership with music and entertainment powerhouse Jennifer Lopez. The legendary artist, style icon, and entrepreneur will partner with Designer Brands to develop and produce the JLO JENNIFER LOPEZ collection, a line of footwear and handbags. The collection will be sold exclusively at DSW Designer Shoe Warehouse stores in the United States and Canada, and online at DSW.com. The footwear line is poised to debut in Spring 2020 with handbags to follow.

  • Should You Investigate Designer Brands Inc. (NYSE:DBI) At US$15.44?
    Simply Wall St.

    Should You Investigate Designer Brands Inc. (NYSE:DBI) At US$15.44?

    Designer Brands Inc. (NYSE:DBI), which is in the specialty retail business, and is based in United States, received a...

  • Why Designer Brands Could Be Undervalued
    GuruFocus.com

    Why Designer Brands Could Be Undervalued

    The company’s growth prospects may not be reflected in its stock price Continue reading...

  • 6 Guru Stocks Boosting Book Value
    GuruFocus.com

    6 Guru Stocks Boosting Book Value

    iRobot makes the list Continue reading...

  • Here's What Designer Brands Inc.'s (NYSE:DBI) P/E Is Telling Us
    Simply Wall St.

    Here's What Designer Brands Inc.'s (NYSE:DBI) P/E Is Telling Us

    Today, we'll introduce the concept of the P/E ratio for those who are learning about investing. We'll show how you can...

  • Insight, Designer Brand, Advantest, Fair Isaac and Jones Lang LaSalle highlighted as Zacks Bull and Bear of the Day
    Zacks

    Insight, Designer Brand, Advantest, Fair Isaac and Jones Lang LaSalle highlighted as Zacks Bull and Bear of the Day

    Insight, Designer Brand, Advantest, Fair Isaac and Jones Lang LaSalle highlighted as Zacks Bull and Bear of the Day

  • Bear of the Day: Designer Brands (DBI)
    Zacks

    Bear of the Day: Designer Brands (DBI)

    Bear of the Day: Designer Brands (DBI)

  • New Strong Sell Stocks for December 18th
    Zacks

    New Strong Sell Stocks for December 18th

    Here are 5 stocks added to the Zacks Rank 5 (Strong Sell) List today