Designer Brands Inc.

Designer Brands Inc.

DBIยทNYSE

$8.72

+1.6%
Consumer CyclicalApparel - Retail

Designer Brands Inc., together with its subsidiaries, designs, manufactures, and retails footwear and accessories for women, men, and kids primarily in North America. The company operates through three segments: U.S. Retail, Canada Retail, and Brand Portfolio. It provides dress, casual, and athletic footwear; and handbags. The company offers its products under the Vince Camuto, Louise et Cie, Jessica Simpson, Lucky, JLO Jenifer Lopez, and other brands. It also operates vincecamuto.com e-commerce site, as well as www.dsw.com, www.dsw.ca, and www.theshoecompany.ca websites; and a portfolio of banners, including DSW Designer Shoe Warehouse, The Shoe Company, and Shoe Warehouse. As of January 29, 2022, it operated 648 stores. Designer Brands Inc. was founded in 1991 and is based in Columbus, Ohio.

At a Glance

Live Snapshot
Market Cap$442.27M
EPS-0.1700
P/E Ratio-51.29
Earnings Date06/09/2026

Intrinsic Alpha Methodology

Thesis Lenses

Signal ยท Driver ยท Risk

Signal

Medium confidence

Valuation multiple is compressed (P/E -51.3).

Valuation inputs: P/E -51.3, earnings yield N/A, momentum +1.6%.

If multiples stay elevated while momentum fades, downside repricing risk rises.

Driver

High confidence

Return profile is soft (ROE -3.0%, ROIC -14.1%).

Profitability stack: net margin -0.3%, ROE -3.0%, ROIC -14.1%.

Quality deterioration often appears in margins before it shows up in headline EPS.

Risk

High confidence

Downside profile is elevated and scenario stress-testing is essential.

Risk factors: liabilities/assets +85.2%, momentum +1.6%, net margin -0.3%.

Higher leverage with weak momentum and thin margins can amplify drawdown severity.

dbi

Designer Brands Inc. Market vs Earnings Trajectory

DBI ยท NYSE

Loading price and EPS data...

Designer Brands Inc.

Designer Brands Inc. Fair Value Envelope

DBI ยท NYSE

Our analysis suggests that DBI has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $8.72, this represents a potential HIDDEN relative to our calculated worth for Designer Brands Inc..

Intrinsic Value
Current Price: $8.72
3Y-107.0%
5Y-97.0%
10Y-111.0%
3Y-13.0%
5Y+29.0%
10Y+7.0%
3Y-105.0%
5Y-98.0%
10Y-107.0%
3Y-45.0%
5Y-171.0%
10Y-48.0%
3Y-23.0%
5Y-161.0%
10Y-10.0%
3Y-3.0%
5Y-1.0%
10Y+36.0%
Designer Brands Inc.

Designer Brands Inc. Profit Bridge

DBI ยท NYSE
Revenue2.89B
Cost of Goods Sold (1.63B)
Gross Profit1.26B
Operating Expenses (1.21B)
Operating Income54.22M
Interest Expense (45.34M)
Other Income/Expense-52.83M
Pretax Income1.39M
Income Tax (6.96M)
Net Income-8.37M
Net Income
-8.37M

Profitability Analysis

Gross Margin

43.6%

Strong gross margins indicate healthy pricing and efficient production or service delivery.

Operating Margin

1.9%

Minimal operating profit suggests high operating costs or pricing challenges. Scalability is concerning.

Net Profit Margin

-0.3%

Net losses indicate the company is burning cash. Sustainability depends on path to profitability.

Effective Tax Rate

501.7%

Higher tax burden may reflect limited tax optimization or operations in high-tax jurisdictions.

Profitability Insight

Margin squeeze alert: Healthy gross margins but weak operating margins suggest excessive operating expenses. Cost optimization could unlock significant value.

43.57%
Gross Profit Margin
2%
3Y+37.0%
5Y+34.0%
10Y+213.0%
1.87%
Operating Profit Margin
61%
3Y-20.0%
5Y-44.0%
10Y-109.0%
-0.29%
Net Profit Margin
-17%
3Y-131.0%
5Y-106.0%
10Y-99.0%
-2.96%
Return on Equity
-22%
3Y-137.0%
5Y-108.0%
10Y-99.0%
-0.43%
Return on Assets
-18%
3Y-131.0%
5Y-105.0%
10Y-98.0%
-14.13%
Return on Invested Capital
-790%
3Y-537.0%
5Y-325.0%
10Y-39.0%
DBI

Designer Brands Inc. Cash Conversion Engine

DBI ยท NYSE
Net Income-5.57M
Depreciation & Amortization59.08M
Stock-Based Compensation18.99M
Change in Working Capital20.45M
Others9.47M
Capital Expenditures2.76M
Free Cash Flow112.62M

Cash Flow Quality Analysis

FCF Conversion Rate

-2021.6%

Negative free cash flow despite positive earnings raises concerns about cash generation ability or heavy capital requirements.

CapEx Intensity

2.5%

Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.

FCF Growth Trend

+29.0%

Strong FCF growth demonstrates improving cash generation and business momentum. Positive signal for sustainability.

Working Capital Impact

+$20.45M

Working capital inflow boosted cash flow. Efficient management of receivables, inventory, and payables contributing positively.

dbi

Designer Brands Inc. Funding & Solvency Profile

DBI ยท NYSE
Cash & Cash Equivalents50.87M
Net Receivables59.44M
Inventory563.55M
Other Current Assets34.29M
Total Current Assets708 M
Property, Plant & Equipment888.94M
Goodwill & Intangible Assets212.08M
Long-Term Investments56.26M
Other Non-Current Assets46.33M
Total Non-Current Assets992 M
Total Assets
1.95B

Financial Health Analysis

Current Ratio

1.20x

Acceptable liquidity, but monitor closely. Current assets just barely cover current liabilities.

Debt-to-Equity Ratio

5.77x

High financial leverage. Heavy reliance on debt may indicate increased financial risk and potential solvency concerns.

Working Capital

120 M

Positive working capital, but relatively tight. The company should monitor cash flow carefully.

Asset Composition

36% Current

Capital-intensive business with significant long-term investments in property, equipment, or intangibles.

dbi

Designer Brands Inc. Street Expectations Map

DBI ยท NYSE

Wall Street analysts project that DBI stock may decline over the coming 12 months. The consensus 1-year price target stands at 7.50, with estimates ranging from a low of 7.00 to a high of 8.00.

Lowest Target
7.00
-19.72%
Consensus Target
7.50
-13.99%
Highest Target
8.00
-8.26%

The consensus 1-year price target stands at 7.50, with estimates ranging from a low of 7.00 to a high of 8.00.

Analyst Consensus Analysis

Upside Potential

-14.0%

Downside risk. Current price above analyst targets indicates potential overvaluation. Exercise caution and review catalysts.

Analyst Agreement

13.3% spread

High analyst agreement. Narrow target range indicates strong consensus on valuation, suggesting clear investment thesis and predictable outlook.

Risk-Reward Profile

0.42x

Unfavorable risk-reward. Downside risk exceeds upside potential. Consider defensive positioning or alternative opportunities.

Analyst Conviction

Low

Bearish or uncertain outlook. Limited upside or poor consensus suggests challenges ahead or fundamental concerns.

Market Sentiment Insight

Consensus overvaluation: Analysts agree the stock is richly valued with limited upside. Consider booking profits or defensive positioning unless you have contrarian conviction in unrecognized catalysts.

dbi

Designer Brands Inc. Insider Positioning

DBI ยท NYSE

During the last 12 months, insiders have sold $1.53M worth of DBI shares, with no buying activity reported.

3 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

3-6 Months

Bought

0

0.00

Sold

155.4K

1.25M

Net Activity

-1.3M

-$1.25M

6-9 Months

Bought

0

0.00

Sold

61.2K

279.85K

Net Activity

-280K

-$280K

9-12 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

Top Buyers

No buying activity

Top Sellers

1
FDL

Ferree Deborah L

Director, Officer: V. Chair; Ch Product Off

142.3K sharesโ€ข1 transactions

$1.15M

2
SHL

Sonnenberg Harvey L

Director

50.0K sharesโ€ข1 transactions

$226K

3
LJT

Lau Joanna T

Director

13.1K sharesโ€ข1 transactions

$105K

4
HM

Haley Mark

Officer: Svp, Controller And Pao

11.2K sharesโ€ข1 transactions

$54K

Insider Activity Analysis

Net Insider Sentiment

Bearish

Strong bearish signal with $1.53M net selling. Heavy insider selling may indicate concerns about valuation or near-term prospects.

Buy/Sell Ratio

0.00:1

Very poor ratio. Heavy selling with minimal buying suggests insiders may be concerned about valuation or outlook.

Insider Participation

High Selling

4 insider sellers vs. 0 buyers. Widespread selling across multiple insiders may signal concerns.

0.77%
Dividend Yield
-41%
3Y+54.0%
5Y-
10Y-21.0%
ย 

dbi Dividend History

DBI
10Y CAGR 12%
Latest $0.05
Annual $0.25
Stable dividend payments
Last Period: +0%