Do Analysts Expect Designer Brands Inc (DBI) Stock to Rise After It Is Up 21.44% in a Month?

Analysts who follow Designer Brands Inc (DBI) on average expect it to decrease -14.87% over the next twelve months. Those same analysts give the stock an average rating of Hold. That average rating earns the stock an Analyst Ranking of 5, which means it ranks higher than 5 of stocks, based on data compiled by InvestorsObserver.

Wall Street analysts are rating DBI a Hold today. Find out what this means to you and get the rest of the rankings on DBI!

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Why are Analyst Ratings Important?

Though analyst projections should not be your only resource when determining your position on a stock, it can be a very useful tool. Analysts follow sectors/industries in-depth and tend to know how local and global conditions tend to affect demand and prices. Many analysts even participate in conference calls where they can get information to better make sense of the numbers. InvestorsObserver averages the ratings provided by analysts and then ranks their score as a percent against the market. This allows you to compare stocks in a more comprehensive fashion than with the typical buy/sell/hold ranking.

What's Happening With Designer Brands Inc Stock Today?

Designer Brands Inc (DBI) stock is up 2.48% while the S&P 500 is down -0.14% as of 12:13 PM on Friday, Mar 22. DBI is up $0.27 from the previous closing price of $10.89 on volume of 706,829 shares. Over the past year the S&P 500 has gained 32.56% while DBI is up 30.99%. DBI earned $1.55 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 7.2. Click Here to get the full Stock Report for Designer Brands Inc stock.