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
€72.26
-0.440%
With 61 Buy predictions and 2 Sell predictions Nike Inc. B is one of the favorites of our community.
As a result the target price of 110 € shows a very positive potential of 52.23% compared to the current price of 72.26 € for Nike Inc. B.
