DSW (NYSE:DSW) was upgraded by research analysts at ValuEngine from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Wednesday, March 14th.
Several other research analysts have also recently weighed in on DSW. Zacks Investment Research raised DSW from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a research report on Friday, February 2nd. Susquehanna Bancshares raised DSW from a “neutral” rating to a “positive” rating and set a $23.00 price target on the stock in a research report on Thursday, November 16th. UBS raised DSW from a “neutral” rating to a “positive” rating in a research report on Thursday, November 16th. Canaccord Genuity reiterated a “hold” rating on shares of DSW in a research note on Monday, November 20th. Finally, Buckingham Research boosted their price objective on DSW from $18.00 to $22.00 and gave the company a “neutral” rating in a research note on Monday, November 20th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the stock. DSW currently has an average rating of “Hold” and a consensus target price of $21.40.
DSW stock traded down $0.47 during mid-day trading on Wednesday, reaching $21.90. The company’s stock had a trading volume of 1,631,186 shares, compared to its average volume of 2,337,910. 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 has a 12 month low of $15.14 and a 12 month high of $22.78.
DSW (NYSE:DSW) last released its quarterly earnings data on Tuesday, March 13th. The company reported $0.38 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.11. The firm had revenue of $720.00 million during the quarter, compared to the consensus estimate of $728.46 million. DSW had a return on equity of 12.86% and a net margin of 2.40%. The company’s quarterly revenue was up 6.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.20 earnings per share. research analysts predict that DSW will post 1.62 EPS for the current year.
In related news, EVP William L. Jordan sold 34,412 shares of the firm’s stock in a transaction that occurred on Thursday, March 29th. The stock was sold at an average price of $22.47, for a total transaction of $773,237.64. Following the completion of the transaction, the executive vice president now owns 88,705 shares of the company’s stock, valued at approximately $1,993,201.35. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 20.40% of the stock is currently owned by corporate insiders.
Several institutional investors have recently bought and sold shares of DSW. Sit Investment Associates Inc. purchased a new position in DSW during the fourth quarter valued at $100,000. Meadow Creek Investment Management LLC purchased a new position in DSW during the fourth quarter valued at $114,000. Cerebellum GP LLC bought a new stake in DSW during the fourth quarter valued at about $129,000. Advisor Group Inc. raised its holdings in DSW by 240.4% during the fourth quarter. Advisor Group Inc. now owns 8,204 shares of the company’s stock valued at $176,000 after acquiring an additional 5,794 shares during the period. Finally, Sciencast Management LP bought a new stake in DSW during the fourth quarter valued at about $200,000. 97.01% of the stock is owned by institutional investors and hedge funds.
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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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