On September 17, 2024, Harvey Sonnenberg, Director at Designer Brands Inc (DBI, Financial), executed a sale of 22,000 shares of the company. The transaction was documented in a recent SEC Filing. Following this transaction, the insider now owns 3,180 shares of Designer Brands Inc.
Designer Brands Inc is a retailer that offers a variety of footwear and accessories through its portfolio of brands. The company operates through its segments, which include the U.S. Retail, Canada Retail, Brand Portfolio, and others, providing products for women, men, and children.
Over the past year, Harvey Sonnenberg has sold a total of 31,000 shares of Designer Brands Inc and has not made any purchases of the stock. This recent sale is part of a broader trend seen within the company, where there have been 9 insider sells and no insider buys over the last year.
Shares of Designer Brands Inc were trading at $6.62 on the day of the sale. The company has a market cap of approximately $359.637 million.
According to the GF Value, the intrinsic value of the stock is estimated at $11.95, which suggests that the stock is currently undervalued, with a price-to-GF-Value ratio of 0.55. This valuation indicates that the stock might be a Possible Value Trap, and potential investors should think twice before investing.
The GF Value is calculated based on historical multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted by a GuruFocus factor based on past returns and growth, and future business performance estimates from analysts.
This insider sale might provide current shareholders and potential investors with insights into how the insiders view the stock's current valuation and future prospects.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
