DSW (NYSE:DSW) received a $22.00 price target from research analysts at Canaccord Genuity in a research report issued on Tuesday, May 29th. The brokerage presently has a “hold” rating on the stock. Canaccord Genuity’s price objective would suggest a potential downside of 12.77% from the company’s current price.
A number of other equities analysts have also commented on the stock. Zacks Investment Research lowered shares of DSW from a “buy” rating to a “hold” rating in a report on Thursday, May 24th. B. Riley set a $22.00 price target on shares of DSW and gave the stock a “hold” rating in a report on Tuesday, May 22nd. Deutsche Bank lowered shares of DSW from a “buy” rating to a “hold” rating and set a $24.00 price target on the stock. in a report on Wednesday, May 23rd. Standpoint Research lowered shares of DSW from a “buy” rating to a “hold” rating in a report on Monday, May 21st. Finally, TheStreet upgraded shares of DSW from a “c+” rating to a “b” rating in a report on Tuesday, April 10th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has issued a buy rating to the stock. DSW currently has an average rating of “Hold” and an average target price of $22.44.
DSW traded up $0.02, reaching $25.22, during mid-day trading on Tuesday, MarketBeat.com reports. The stock had a trading volume of 1,692,700 shares, compared to its average volume of 1,836,278. The stock has a market capitalization of $2.03 billion, a price-to-earnings ratio of 16.59, a price-to-earnings-growth ratio of 2.17 and a beta of 0.62. DSW has a 12 month low of $15.14 and a 12 month high of $26.45.
DSW (NYSE:DSW) last posted its earnings results on Wednesday, May 30th. The company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. The firm had revenue of $712.10 million for the quarter, compared to analysts’ expectations of $683.83 million. DSW had a net margin of 2.43% and a return on equity of 13.42%. The company’s revenue was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.32 earnings per share. sell-side analysts predict that DSW will post 1.61 EPS for the current fiscal year.
In other DSW news, CFO Jared A. Poff sold 1,960 shares of DSW stock in a transaction on Tuesday, June 12th. The shares were sold at an average price of $25.47, for a total value of $49,921.20. Following the completion of the sale, the chief financial officer now directly owns 11,785 shares of the company’s stock, valued at $300,163.95. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP William L. Jordan sold 34,412 shares of DSW stock in a transaction on Thursday, March 29th. The shares were sold at an average price of $22.47, for a total transaction of $773,237.64. Following the completion of the sale, the executive vice president now directly owns 88,705 shares of the company’s stock, valued at $1,993,201.35. The disclosure for this sale can be found here. Insiders own 16.70% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of DSW. Bank of Montreal Can increased its stake in DSW by 201.8% in the fourth quarter. Bank of Montreal Can now owns 93,091 shares of the company’s stock valued at $1,993,000 after purchasing an additional 62,244 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of DSW by 6.2% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 786,483 shares of the company’s stock worth $16,839,000 after acquiring an additional 45,883 shares in the last quarter. Mesirow Financial Investment Management Equity Management increased its position in shares of DSW by 397.4% during the fourth quarter. Mesirow Financial Investment Management Equity Management now owns 748,686 shares of the company’s stock worth $16,030,000 after acquiring an additional 598,171 shares in the last quarter. Quantitative Systematic Strategies LLC increased its position in shares of DSW by 44.9% during the fourth quarter. Quantitative Systematic Strategies LLC now owns 15,053 shares of the company’s stock worth $322,000 after acquiring an additional 4,662 shares in the last quarter. Finally, Boston Partners bought a new stake in shares of DSW during the fourth quarter worth about $2,955,000. 94.24% 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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