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Why Designer Brands Stock Popped Today

TheMotleyFool 
0 0 08.06.23
Why Designer Brands Stock Popped TodayPhoto, wide shot, wide-angle lens, Home appliance manufacturer, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Michael Light: https://img.theapi.app/temp/5d70b6df-fa9b-4237-9702-39c36cb1d4f8.png
 

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.

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Source Fool.com

Nike Inc. B Stock

€35.75
1.650%
Nike Inc. B gained 1.650% today.
Our community is currently high on Nike Inc. B with 71 Buy predictions and 5 Sell predictions.
With a target price of 64 € there is a hugely positive potential of 79.02% for Nike Inc. B compared to the current price of 35.75 €.
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