Mary Turner, Executive Vice President and President of Designer Brands Canada, has sold 24,543 Class A common shares of Designer Brands Inc. (NYSE:DBI) on April 8, 2025. The shares were sold at a weighted average price of $2.94, with prices ranging from $2.89 to $3.02. The transaction comes as the stock has experienced significant pressure, down over 70% in the past year. According to InvestingPro analysis, DBI currently appears undervalued despite market challenges. Following this transaction, Turner holds 15,839 shares directly. The total value of the shares sold amounts to $72,232. The stock currently offers a notable dividend yield of 7.55%, though investors should note the company's WEAK financial health score. Discover more insights and 13 additional ProTips for DBI with an InvestingPro subscription.
In other recent news, Designer Brands Inc. reported its fourth-quarter earnings for fiscal year 2024, showing a slight beat in earnings per share (EPS) with a reported -$0.44, compared to the forecast of -$0.47. Despite revenue falling short of expectations at $713.6 million against a forecast of $723.21 million, the company achieved positive comparable sales for the first time in nine quarters. Designer Brands returned $79 million to shareholders through dividends and share repurchases during the year. The company has focused on expanding its athleisure and private label offerings, which have contributed to improved performance. Looking ahead, Designer Brands anticipates low single-digit sales growth for 2025, with EPS expected to range between $0.30 and $0.50. CEO Doug Howe expressed satisfaction with the return to positive comparable sales, while CFO Jared Pogg emphasized the company's strategic focus on brand performance and innovation. Despite facing challenges such as inflation and potential supply chain disruptions, Designer Brands remains optimistic about its strategic initiatives.
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