Media coverage about DSW (NYSE:DSW) has trended somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. DSW earned a media sentiment score of 0.09 on Accern’s scale. Accern also assigned news stories about the company an impact score of 44.6623014855654 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the news stories that may have effected Accern’s scoring:
DSW has been the topic of a number of research reports. Wedbush upgraded shares of DSW from a “neutral” rating to an “outperform” rating and set a $22.00 target price on the stock in a report on Wednesday, July 26th. Deutsche Bank AG upgraded shares of DSW from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a report on Tuesday, July 25th. Canaccord Genuity set a $17.00 target price on shares of DSW and gave the company a “hold” rating in a report on Sunday, August 20th. Zacks Investment Research upgraded shares of DSW from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Finally, Standpoint Research upgraded shares of DSW from a “hold” rating to a “buy” rating in a report on Friday, October 20th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, four have given a buy rating and two have assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $21.96.
DSW (NYSE DSW) traded up 1.53% during trading on Thursday, reaching $21.29. 2,182,947 shares of the company’s stock traded hands. DSW has a one year low of $15.14 and a one year high of $25.96. The firm has a market cap of $1.71 billion, a price-to-earnings ratio of 14.27 and a beta of 0.83. The company has a 50 day moving average of $20.22 and a 200 day moving average of $18.72.
DSW (NYSE:DSW) last posted its quarterly earnings results on Tuesday, August 22nd. The company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.29 by $0.09. The business had revenue of $680.40 million during the quarter, compared to analysts’ expectations of $666.66 million. DSW had a return on equity of 12.12% and a net margin of 4.41%. The company’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same period last year, the firm earned $0.35 EPS. Equities research analysts predict that DSW will post $1.51 EPS for the current year.
DSW announced that its board has approved a stock repurchase plan on Tuesday, August 22nd that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the company to repurchase up to 33.8% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Tuesday, September 19th were issued a $0.20 dividend. The ex-dividend date was Monday, September 18th. This represents a $0.80 annualized dividend and a dividend yield of 3.76%. DSW’s dividend payout ratio is currently 54.05%.
In related news, EVP William L. Jordan sold 2,666 shares of the firm’s stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $20.03, for a total value of $53,399.98. Following the completion of the transaction, the executive vice president now directly owns 44,254 shares of the company’s stock, valued at approximately $886,407.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Deborah L. Ferree sold 75,452 shares of the firm’s stock in a transaction that occurred on Friday, August 25th. The shares were sold at an average price of $20.00, for a total value of $1,509,040.00. Following the completion of the transaction, the chairman now directly owns 199,445 shares of the company’s stock, valued at $3,988,900. The disclosure for this sale can be found here. Insiders sold a total of 127,891 shares of company stock valued at $2,559,458 over the last three months. Insiders own 20.40% of the company’s stock.
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DSW Inc is a footwear retailer. The Company offers an assortment of brand name dress, casual and athletic footwear and accessories for women, men and kids. The Company operates through two segments: the DSW segment (DSW), which includes DSW stores and dsw.com, and the Affiliated Business Group (ABG) segment.
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