Designer Brands Inc – (DBI, +N, Sep 21st)
Jay Schottenstein (Executive Chairman since 2005; CEO from 2005-2009) purchased $19.1 million worth of stock on September 20th at $12.82. The 1.5 million share purchase brings his total indirect combined holdings of A and B shares to an estimated 21.5 million shares, roughly 53% of the company, and is his largest in the shares. It follows a $12.6 million purchase in March at $13.99.
Schottenstein is also the CEO of American Eagle (AEO) and a director at Albertsons (ACI), yet has not been active in those stocks recently. Given his long tenure and existing ownership, it is interesting to see him add aggressively to his holdings.
We are ranking the stock +N.
If you want to have Stock of the Week with insider buying stocks information and analysis in your email, don’t forget to subscribe!
Follow us on LinkedIn and Twitter
Check our Signals Performance and if you want to know more about this Signals Service, please, email us at sales_admin@smartinsider.com or fill in the Contact Us form here.
