Designer Brands Inc’s filing revealed that its 10% Owner Fund 1 Investments, LLC unloaded Company’s shares for reported $1.35 million on Jan 28 ’25. In the deal valued at $5.39 per share,250,000 shares were sold. As a result of this transaction, Fund 1 Investments, LLC now holds 1,853,405 shares worth roughly $8.86 million.
Then, Stone House Capital Management bought 489,149 shares, generating $2,763,692 in total proceeds. Upon buying the shares at $5.65, the Member of a 10% Group now owns 5,489,149 shares.
Before that, Stone House Capital Management bought 10,851 shares. Designer Brands Inc shares valued at $57,293 were divested by the Member of a 10% Group at a price of $5.28 per share. As a result of the transaction, Stone House Capital Management now holds 5,500,000 shares, worth roughly $26.29 million.
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 Friday, Designer Brands Inc [NYSE:DBI] saw its stock fall -2.85% to $4.78. Over the last five days, the stock has lost -6.27%. Designer Brands Inc shares have fallen nearly -10.49% since the year began. Nevertheless, the stocks have fallen -46.29% over the past one year. While a 52-week high of $11.56 was reached on 01/15/25, a 52-week low of $4.36 was recorded on 02/03/25. SMA at 50 days reached $5.42, while 200 days put it at $6.56.
Levels Of Support And Resistance For DBI Stock
The 24-hour chart illustrates a support level at 4.66, which if violated will result in even more drops to 4.54. On the upside, there is a resistance level at 4.96. A further resistance level may holdings at 5.14. The Relative Strength Index (RSI) on the 14-day chart is 39.62, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.08, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 83.10%. Stochastics %K at 42.57% indicates the stock is a holding.
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.
