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Telsey Advisory Group analysts reiterates a Market perform rating for Designer Brands Inc (DBI)

In a filing, Designer Brands Inc revealed its Director SONNENBERG HARVEY L unloaded Company’s shares for reported $77868.0 on Apr 11 ’24. In the deal valued at $8.65 per share,9,000 shares were sold. As a result of this transaction, SONNENBERG HARVEY L now holds 2,199 shares worth roughly $20802.54.

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Then, Poff Jared A. sold 15,000 shares, generating $146,430 in total proceeds. Upon selling the shares at $9.76, the EVP, CFO & CAO now owns 255,064 shares.

Before that, Haley Mark sold 16,125 shares. Designer Brands Inc shares valued at $174,827 were divested by the SVP, Controller and PAO at a price of $10.84 per share. As a result of the transaction, Haley Mark now holds 25,787 shares, worth roughly $0.24 million.

Telsey Advisory Group reiterated its Designer Brands Inc [DBI] rating to a Market perform in a research note published on December 06, 2023; the price target was $10. A number of analysts have revised their coverage, including Telsey Advisory Group’s analysts, who remained covering the stock and in late May has reiterated a ‘”a Market perform”‘ rating for it. Telsey Advisory Group also remained covering DBI and reiterated its “Market perform” recommendation on May 20, 2021. Telsey Advisory Group maintained its rating on March 11, 2021. It rated DBI as “a Market perform”.

Price Performance Review of DBI

On Tuesday, Designer Brands Inc [NYSE:DBI] saw its stock jump 0.21% to $9.46. Over the last five days, the stock has lost -0.84%. Designer Brands Inc shares have risen nearly 6.89% since the year began. Nevertheless, the stocks have risen 26.98% over the past one year. While a 52-week high of $13.44 was reached on 03/20/24, a 52-week low of $6.14 was recorded on 01/19/24. SMA at 50 days reached $9.85, while 200 days put it at $10.15. A total of 2.7 million shares were traded, compared to the trading of 1.6 million shares in the previous session.

Levels Of Support And Resistance For DBI Stock

The 24-hour chart illustrates a support level at 9.14, which if violated will result in even more drops to 8.81. On the upside, there is a resistance level at 9.89. A further resistance level may holdings at 10.31. The Relative Strength Index (RSI) on the 14-day chart is 49.21, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.01, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 62.75%. Stochastics %K at 48.57% indicates the stock is a holding.

The most recent change occurred on November 09, 2020 when UBS began covering the stock and recommended ‘”a Neutral”‘ rating along with a $6 price target.

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