DSW Sees Unusually Large Options Volume (DSW)

DSW Inc. (NYSE:DSW) saw unusually large options trading activity on Tuesday. Stock investors acquired 2,779 call options on the company. This is an increase of approximately 1,626% compared to the average daily volume of 161 call options.

DSW stock opened at $26.13 on Wednesday. The company has a market cap of $2.16 billion, a P/E ratio of 14.54, a P/E/G ratio of 1.72 and a beta of 1.12. DSW has a 1 year low of $18.01 and a 1 year high of $34.63.

DSW (NYSE:DSW) last released its quarterly earnings data on Tuesday, August 28th. The company reported $0.63 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.17. The business had revenue of $793.70 million during the quarter, compared to analysts’ expectations of $689.41 million. DSW had a net margin of 0.06% and a return on equity of 15.75%. The firm’s quarterly revenue was up 16.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.38 EPS. Analysts anticipate that DSW will post 1.73 earnings per share for the current year.

DSW has been the subject of a number of recent analyst reports. Needham & Company LLC upped their price target on shares of DSW from $29.00 to $35.00 and gave the stock a “buy” rating in a report on Wednesday, August 29th. ValuEngine raised shares of DSW from a “hold” rating to a “buy” rating in a report on Tuesday, August 28th. Zacks Investment Research raised shares of DSW from a “hold” rating to a “buy” rating and set a $32.00 price target for the company in a report on Tuesday, August 14th. B. Riley set a $23.00 price target on shares of DSW and gave the stock a “hold” rating in a report on Friday, August 24th. Finally, Deutsche Bank upped their price target on shares of DSW from $24.00 to $28.00 and gave the stock a “hold” rating in a report on Wednesday, August 29th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and one has assigned a buy rating to the stock. DSW currently has an average rating of “Hold” and a consensus target price of $29.08.

A number of hedge funds have recently added to or reduced their stakes in DSW. Xact Kapitalforvaltning AB acquired a new position in DSW during the 1st quarter worth approximately $235,000. Bank of Montreal Can increased its position in DSW by 45.5% during the 2nd quarter. Bank of Montreal Can now owns 138,661 shares of the company’s stock worth $3,581,000 after purchasing an additional 43,346 shares in the last quarter. ARP Americas LP acquired a new position in DSW during the 2nd quarter worth approximately $227,000. Cambria Investment Management L.P. acquired a new position in DSW during the 2nd quarter worth approximately $945,000. Finally, Aperio Group LLC increased its position in DSW by 21.7% during the 2nd quarter. Aperio Group LLC now owns 15,126 shares of the company’s stock worth $391,000 after purchasing an additional 2,694 shares in the last quarter. Institutional investors and hedge funds own 89.40% of the company’s stock.

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About DSW

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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