DBI) stock trends on Wall Street?

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Shares of Designer Brands, Inc. (NYSE: DBI) rose 4% after the company outlined its long-term plans at its 2022 Investor Day event on the New York Stock Exchange (NYSE) on Friday.

DBI stock soared more than 4% after the program began at 9:45 a.m. ET.

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The Columbus, Ohio-based footwear company plans to double sales of its exclusive brands through direct-to-consumer channels by fiscal year 2026. It forecasts EPS of $2.75 US$2.85.

For fiscal 2022, it raised its EPS forecast to a range of US$1.80 to US$1.90 from its previous forecast of US$1.75 to US$1.85. It also retained a dividend of $0.05 for the first quarter of FY22.

Designer Brands is one of the most popular footwear companies in the United States. It sells designer shoes and fashion accessories to consumers.

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Stock market performance and financial highlights:

Shares of DBI were priced at US$14.62 at 9:42 a.m. ET on April 8, up 4.80% from its previous close of US$13.95. It has a market capitalization of over US$1.00 billion, and its P/E ratio and one-year forward P/E ratio are 6.97 and 7.66, respectively.

The stock recorded the highest price of US$20.48 and the lowest price of US$11.24 in the past 52 weeks. Its EPS is $2.00.

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The company’s net sales increased 35% year-over-year to $822.6 million in the fourth quarter of FY21, while its reported net income was $14.4 million, or $0.19 per diluted share.

In fiscal 2021, the company’s net sales increased 43% year-on-year to US$3.2 billion, and its net income was US$154.5 million, or US$2.00 per diluted share.

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At the end of the line :

The stock price has risen 14.25% in the past 30 days while falling 4.32% year-to-date. Analysts expect the retail sector to pick up speed as the economy recovers from the current turmoil.

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But, given the high inflation and volatilityity in the market, investors should carefully evaluate the company before investing in shares.

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