DSW (DSW) Price Target Cut to $32.00

DSW (NYSE:DSW) had its price target reduced by Needham & Company LLC from $35.00 to $32.00 in a research report issued on Thursday, Marketbeat Ratings reports. The brokerage presently has a “buy” rating on the stock. Needham & Company LLC’s price target would indicate a potential upside of 14.49% from the stock’s current price.

Other equities analysts have also issued reports about the stock. Telsey Advisory Group lifted their target price on shares of DSW from $24.00 to $34.00 and gave the company a “market perform” rating in a report on Wednesday, August 29th. Wells Fargo & Co lifted their target price on shares of DSW from $22.00 to $31.00 and gave the company a “market perform” rating in a report on Wednesday, August 29th. Zacks Investment Research lowered shares of DSW from a “buy” rating to a “hold” rating in a report on Wednesday, August 1st. Wedbush lifted their target price on shares of DSW from $24.00 to $29.00 and gave the company a “neutral” rating in a report on Wednesday, August 29th. Finally, B. Riley lifted their target price on shares of DSW from $23.00 to $30.00 and gave the company a “neutral” rating in a report on Wednesday, August 29th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $28.38.

DSW opened at $27.95 on Thursday. DSW has a 12-month low of $17.75 and a 12-month high of $34.63. The company has a market cap of $2.72 billion, a price-to-earnings ratio of 18.56, a price-to-earnings-growth ratio of 2.16 and a beta of 0.88.

DSW (NYSE:DSW) last posted its quarterly earnings results on Tuesday, August 28th. The company reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.17. DSW had a net margin of 0.06% and a return on equity of 15.75%. The company had revenue of $793.70 million during the quarter, compared to analyst estimates of $689.41 million. During the same period last year, the firm posted $0.38 EPS. DSW’s revenue for the quarter was up 16.4% compared to the same quarter last year. As a group, equities analysts predict that DSW will post 1.74 earnings per share for the current fiscal year.

Large investors have recently bought and sold shares of the company. D.A. Davidson & CO. grew its stake in DSW by 10.7% in the 2nd quarter. D.A. Davidson & CO. now owns 20,090 shares of the company’s stock valued at $519,000 after acquiring an additional 1,947 shares during the period. Aperio Group LLC grew its stake in DSW by 21.7% in the 2nd quarter. Aperio Group LLC now owns 15,126 shares of the company’s stock valued at $391,000 after acquiring an additional 2,694 shares during the period. US Bancorp DE grew its stake in DSW by 392.7% in the 2nd quarter. US Bancorp DE now owns 3,927 shares of the company’s stock valued at $102,000 after acquiring an additional 3,130 shares during the period. Bbva Compass Bancshares Inc. grew its stake in DSW by 29.7% in the 2nd quarter. Bbva Compass Bancshares Inc. now owns 13,820 shares of the company’s stock valued at $356,000 after acquiring an additional 3,168 shares during the period. Finally, MetLife Investment Advisors LLC grew its stake in DSW by 12.5% in the 2nd quarter. MetLife Investment Advisors LLC now owns 31,615 shares of the company’s stock valued at $816,000 after acquiring an additional 3,503 shares during the period. 89.14% of the stock is owned by hedge funds and other institutional investors.

DSW Company Profile

DSW Inc, together with its subsidiaries, operates as a branded footwear and accessories retailer in the United States. The company offers dresses, casual and athletic footwear, and accessories under various brands for women, men, and kids. It also provides handbags, hosiery, jewelry, and other accessories.

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Analyst Recommendations for DSW (NYSE:DSW)

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