Independent Director Harvey Sonnenberg Sold A Bunch Of Shares In Designer Brands

We'd be surprised if Designer Brands Inc. (NYSE:DBI) shareholders haven't noticed that the Independent Director, Harvey Sonnenberg, recently sold US$146k worth of stock at US$6.62 per share. In particular, we note that the sale equated to a 87% reduction in their position size, which doesn't exactly instill confidence.

View our latest analysis for Designer Brands

Designer Brands Insider Transactions Over The Last Year

Over the last year, we can see that the biggest insider sale was by the insider, William Jordan, for US$1.8m worth of shares, at about US$12.30 per share. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. The good news is that this large sale was at well above current price of US$6.48. So it is hard to draw any strong conclusion from it.

Designer Brands insiders didn't buy any shares over the last year. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!

I will like Designer Brands better if I see some big insider buys. While we wait, check out this free list of undervalued and small cap stocks with considerable, recent, insider buying.

Does Designer Brands Boast High Insider Ownership?

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. A high insider ownership often makes company leadership more mindful of shareholder interests. It appears that Designer Brands insiders own 26% of the company, worth about US$90m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

What Might The Insider Transactions At Designer Brands Tell Us?

An insider sold Designer Brands shares recently, but they didn't buy any. And there weren't any purchases to give us comfort, over the last year. While insiders do own shares, they don't own a heap, and they have been selling. So we'd only buy after careful consideration. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Designer Brands. At Simply Wall St, we found 2 warning signs for Designer Brands that deserve your attention before buying any shares.

Of course Designer Brands may not be the best stock to buy. So you may wish to see this free collection of high quality companies.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.