Why Designer Brands Stock Popped Today
Shares of Designer Brands (NYSE: DBI) were moving higher today after the footwear retailer reported first-quarter earnings this morning. Though the company actually missed estimates, it posted increased penetration in its owned brands segment, in line with its long-term strategic goals.
The company also announced a tender offer to buy back $100 million in stock, which could give a significant boost to earnings per share, and said it had reestablished its relationship with , a key supplier.
As a result, the stock was up 19% as of 12:11 p.m. ET.
Source Fool.com
Nike Inc. B Stock
€86.14
0.210%
With 46 Buy predictions and 3 Sell predictions Nike Inc. B is one of the favorites of our community.
As a result the target price of 115 € shows a positive potential of 33.5% compared to the current price of 86.14 € for Nike Inc. B.
