Added to YB: 2024-07-10
Pitch date: 2024-07-09
DBI [bullish]
Designer Brands Inc.
+27.6%
current return
Author Info
Company Info
Designer Brands Inc., together with its subsidiaries, engages in the design, production, and retailing of footwear and accessories in the United States and Canada.
Market Cap
$184.8M
Pitch Price
$6.50
Price Target
N/A
Dividend
5.36%
EV/EBITDA
4.16
P/E
-5.70
EV/Sales
0.51
Sector
Specialty Retail
Category
value
Shopping for some forced selling $DBI
DBI: DSW owner at <10x P/E, potential trough earnings. Pacer CALF ETF forced selling 11M shares (22% of float) in June caused price drop. $0.70-$0.80 2023 EPS guide, history of $2+ EPS. $47M tax refund likely used for buybacks at depressed price. Structurally relevant, Nike momentum. Insider buying history. Forced selling creating opportunity.
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