Designer Brands Inc’s recent filing unveils that its Member of a 10% Group Stone House Capital Management acquired Company’s shares for reported $1.41 million on Dec 10 ’24. In the deal valued at $5.63 per share,250,000 shares were bought. As a result of this transaction, Stone House Capital Management now holds 5,000,000 shares worth roughly $27.5 million.
Then, Haley Mark sold 25,787 shares, generating $155,625 in total proceeds. Upon selling the shares at $6.04, the SVP, Controller and PAO now owns 0 shares.
Before that, SONNENBERG HARVEY L sold 22,000 shares. Designer Brands Inc shares valued at $145,640 were divested by the Director at a price of $6.62 per share. As a result of the transaction, SONNENBERG HARVEY L now holds 3,180 shares, worth roughly $17490.0.
Telsey Advisory Group reiterated its Designer Brands Inc [DBI] rating to a Market perform in a research note published on September 12, 2024; the price target was $6. A number of analysts have revised their coverage, including Telsey Advisory Group’s analysts, who remained covering the stock and in early June has reiterated a ‘”a Market perform”‘ rating for it. Telsey Advisory Group also remained covering DBI and reiterated its “Market perform” recommendation on December 06, 2023. Telsey Advisory Group maintained its rating on May 27, 2021. It rated DBI as “a Market perform”.
Price Performance Review of DBI
On Monday, Designer Brands Inc [NYSE:DBI] saw its stock jump 1.85% to $5.50. Over the last five days, the stock has gained 1.85%. Designer Brands Inc shares have risen nearly 3.00% since the year began. Nevertheless, the stocks have fallen -35.45% over the past one year. While a 52-week high of $11.56 was reached on 01/03/25, a 52-week low of $4.36 was recorded on 01/02/25. SMA at 50 days reached $5.38, while 200 days put it at $7.22.
Levels Of Support And Resistance For DBI Stock
The 24-hour chart illustrates a support level at 5.43, which if violated will result in even more drops to 5.35. On the upside, there is a resistance level at 5.59. A further resistance level may holdings at 5.67. The Relative Strength Index (RSI) on the 14-day chart is 49.94, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.13, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 63.39%. Stochastics %K at 27.68% indicates the stock is a holding.
How much short interest is there in Designer Brands Inc?
A steep rise in short interest was recorded in Designer Brands Inc stocks on 2024-11-15, dropping by -2.22 million shares to a total of 9.33 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 11.55 million shares. There was a decline of -23.79%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on May 20, 2021 when Telsey Advisory Group resumed its ‘”a Market perform”‘ rating for the stock and retained the price target to $20.
