Mark Haley, the Senior Vice President, Controller, and Principal Accounting Officer of Designer Brands Inc. (NYSE:DBI), recently sold a significant portion of his company stock, according to the latest filings. The transaction, which took place on March 27, 2024, involved the sale of 16,125 shares at prices ranging from $10.79 to $10.90, resulting in a total of approximately $174,827.
The sale was conducted at a weighted average price of $10.842 per share, as revealed by the footnotes in the filing. The footnotes also indicate that upon request, further details regarding the exact number of shares sold at each price point can be provided.
Following the sale, Haley retains ownership of 25,787 Class A Common Shares of Designer Brands Inc. These transactions are part of a regular filing process with the Securities and Exchange Commission and offer transparency into the trading activities of the company's insiders.
Designer Brands Inc., known for its retail shoe stores, continues to be a notable name in the industry, with its corporate headquarters located in Columbus, Ohio. Investors and market watchers often pay close attention to insider sales as they can provide insights into an executive's perspective on the company's current valuation and future prospects.
InvestingPro Insights
Designer Brands Inc. (NYSE:DBI) has experienced a noteworthy period in the market, with a strong return over the last three months, indicating a positive trend for the stock. According to the latest real-time data from InvestingPro, the company has a market capitalization of $625.07 million and a P/E ratio of 22.89, reflecting investor sentiment and the company's earnings potential. Investors are also looking at the P/E ratio adjusted for the last twelve months as of Q4 2024, which stands at 18.99, suggesting a potentially more attractive valuation in the recent period.
One of the InvestingPro Tips highlights that management has been aggressively buying back shares, a move that often signals confidence in the company's future and can be appealing to investors seeking companies with proactive leadership. Furthermore, analysts predict the company will be profitable this year, which aligns with the company's positive performance over the last twelve months.
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