4.5900 0.00 (0.00%)
After hours: 4:50PM EDT
|Bid||4.5900 x 1000|
|Ask||4.9900 x 1000|
|Day's Range||4.5000 - 5.1700|
|52 Week Range||2.6000 - 23.3900|
|Beta (5Y Monthly)||1.74|
|PE Ratio (TTM)||3.62|
|Forward Dividend & Yield||0.85 (20.09%)|
|Ex-Dividend Date||Mar 26, 2020|
|1y Target Est||N/A|
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.
Readers hoping to buy Designer Brands Inc. (NYSE:DBI) for its dividend will need to make their move shortly, as the...
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 of 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 as many governments around the world have imposed restrictions or bans on travel in an effort to contain the spread of the illness. Sectors recording losses include 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.Monday, 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, DBI's 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 * How Brands Are Harnessing Social Media to Lift Our Spirits and Build Relationships During Coronavirus Lockdown * Are Sneakerheads Buying the Same Way They Were Before the Coronavirus Outbreak? * America's Biggest Mall Owner Reportedly Furloughs Nearly a Third of Its Workforce
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) 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?
Unfortunately for some shareholders, the Designer Brands (NYSE:DBI) share price has dived 39% in the last thirty days...
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. (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.
In order to justify the effort of selecting individual stocks, it's worth striving to beat the returns from a market...
DBI's new chief growth officer, Bill Jordan, previously served as DBI executive vice president and DSW president.
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.
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."
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 Inc. (NYSE:DBI), which is in the specialty retail business, and is based in United States, received a...
Insight, Designer Brand, Advantest, Fair Isaac and Jones Lang LaSalle highlighted as Zacks Bull and Bear of the Day
Good weather is clearly not good for sales of shoes and boots, among other accessories. So says retail shoe giant DSW parent Designer Brands (DBI) - Get Report, which reported fiscal third-quarter profit that missed expectations and also a cut in its forward guidance on Tuesday amid better-than-expected fall weather.