Designer Brands (NYSE:DBI) saw its shares drop 5.1% as UBS reiterated a Neutral rating, expressing concerns over long-term growth potential. The company announced a quarterly cash dividend of $0.05 per share, but investors focused on UBS’s caution, leading to a negative market reaction. The stock closed at $4.15, down 4.4% from previous close. Despite the drop, the market views this news as significant but not fundamentally changing the business perception. Previously, the stock rose 4.5% after beating profit expectations in the second quarter, attributing strong earnings to cost management efforts. The stock is down 21.9% this year, trading at $4.14 per share, 43.9% below its 52-week high.

Read more at StockStory: Why Designer Brands (DBI) Shares Are Falling Today