Canaccord Genuity reiterated their hold rating on shares of DSW (NYSE:DSW) in a research report sent to investors on Wednesday, March 14th, MarketBeat.com reports. Canaccord Genuity currently has a $22.00 price objective on the stock, up from their prior price objective of $20.00.
Other equities research analysts also recently issued reports about the company. B. Riley reiterated a hold rating on shares of DSW in a report on Wednesday, March 7th. Zacks Investment Research upgraded DSW from a hold rating to a buy rating and set a $23.00 price objective for the company in a research report on Friday, February 2nd. Susquehanna Bancshares upgraded DSW from a neutral rating to a positive rating and set a $23.00 price objective for the company in a research report on Thursday, November 16th. Buckingham Research boosted their price objective on DSW from $18.00 to $22.00 and gave the company a neutral rating in a research report on Monday, November 20th. Finally, UBS upgraded DSW from a neutral rating to a positive rating in a research report on Thursday, November 16th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of Hold and an average price target of $21.40.
Shares of NYSE:DSW traded down $0.47 during mid-day trading on Wednesday, hitting $21.90. 1,631,186 shares of the company traded hands, compared to its average volume of 2,337,910. DSW has a 52-week low of $15.14 and a 52-week high of $22.78. The company has a market cap of $1,751.93, a P/E ratio of 14.41, a PEG ratio of 1.86 and a beta of 0.63.
DSW (NYSE:DSW) last issued its quarterly earnings results on Tuesday, March 13th. The company reported $0.38 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.11. DSW had a return on equity of 12.86% and a net margin of 2.40%. The business had revenue of $720.00 million during the quarter, compared to the consensus estimate of $728.46 million. During the same period in the previous year, the business earned $0.20 EPS. The business’s quarterly revenue was up 6.7% on a year-over-year basis. equities research analysts expect that DSW will post 1.62 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, April 6th. Stockholders of record on Friday, March 23rd were issued a $0.25 dividend. This is a positive change from DSW’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Thursday, March 22nd. This represents a $1.00 annualized dividend and a dividend yield of 4.57%. DSW’s dividend payout ratio is 65.79%.
In other news, EVP William L. Jordan sold 34,412 shares of the company’s stock in a transaction on Thursday, March 29th. The stock was sold at an average price of $22.47, for a total value of $773,237.64. Following the completion of the sale, the executive vice president now owns 88,705 shares in the company, valued at $1,993,201.35. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 20.40% of the company’s stock.
Several institutional investors have recently made changes to their positions in the company. American International Group Inc. raised its position in shares of DSW by 7.0% during the third quarter. American International Group Inc. now owns 52,875 shares of the company’s stock worth $1,136,000 after purchasing an additional 3,443 shares during the period. FDx Advisors Inc. raised its position in shares of DSW by 18.2% during the fourth quarter. FDx Advisors Inc. now owns 28,320 shares of the company’s stock worth $606,000 after purchasing an additional 4,366 shares during the period. Eagle Boston Investment Management Inc. raised its position in shares of DSW by 1.7% during the third quarter. Eagle Boston Investment Management Inc. now owns 261,775 shares of the company’s stock worth $5,698,000 after purchasing an additional 4,372 shares during the period. First Trust Advisors LP raised its position in shares of DSW by 2.7% during the fourth quarter. First Trust Advisors LP now owns 168,130 shares of the company’s stock worth $3,600,000 after purchasing an additional 4,469 shares during the period. Finally, Sit Investment Associates Inc. acquired a new stake in shares of DSW during the fourth quarter worth $100,000. 97.01% of the stock is currently owned by institutional investors.
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DSW Inc, together with its subsidiaries, operates as a branded footwear and accessories retailer in the United States. The company operates through two segments, DSW and Affiliated Business Group. The company offers dresses, casual and athletic footwear, and accessories under various brands for women, men, and kids.
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