Telsey Advisory Group Maintains Market Perform Rating for Designer Brands: Here's What You Need To Know

Telsey Advisory Group has decided to maintain its Market Perform rating of Designer Brands DBI and lower its price target from $12.00 to $8.00.

Shares of Designer Brands are trading up 0.73% over the last 24 hours, at $6.89 per share.

A move to $8.00 would account for a 16.11% increase from the current share price.

About Designer Brands

Designer Brands Inc is a designer, producer and retailer of footwear and accessories. The company operates in three reportable segments: the U.S. Retail segment, the Canada Retail segment, and the Brand Portfolio segment. The U.S. Retail segment operates the DSW Designer Shoe Warehouse banner through its direct-to-consumer U.S. stores and e-commerce site. The Canada Retail segment operates The Shoe Company and DSW banners through its direct-to-consumer Canada stores and e-commerce sites. The Brand Portfolio segment earns revenue from the sale of wholesale products to retailers, commissions for serving retailers as the design and buying agent for products under private labels and the sale of branded products through its direct-to-consumer e-commerce site at www.vincecamuto.com.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.