DSW Inc. (DSW) Upgraded by Deutsche Bank AG to Buy

Deutsche Bank AG upgraded shares of DSW Inc. (NYSE:DSW) from a hold rating to a buy rating in a research report report published on Tuesday, July 25th, MarketBeat reports. They currently have $21.00 target price on the stock.

A number of other equities research analysts have also recently commented on the company. BidaskClub cut DSW from a hold rating to a sell rating in a research note on Friday, June 23rd. Cleveland Research raised DSW from an underperform rating to a neutral rating in a research note on Thursday, June 8th. ValuEngine cut DSW from a buy rating to a hold rating in a research note on Friday, June 2nd. B. Riley reissued a neutral rating and issued a $18.50 price objective on shares of DSW in a research note on Monday, May 29th. Finally, Zacks Investment Research cut DSW from a hold rating to a sell rating in a research report on Friday, May 26th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. DSW currently has an average rating of Hold and a consensus target price of $21.53.

Shares of DSW (NYSE DSW) opened at 17.27 on Tuesday. The firm has a 50-day moving average price of $17.60 and a 200 day moving average price of $19.14. The company has a market cap of $1.39 billion, a PE ratio of 11.98 and a beta of 0.83. DSW has a 1-year low of $15.98 and a 1-year high of $26.22.

DSW (NYSE:DSW) last announced its quarterly earnings data on Tuesday, May 23rd. The company reported $0.32 EPS for the quarter, missing the Zacks’ consensus estimate of $0.33 by $0.01. DSW had a net margin of 4.32% and a return on equity of 12.06%. The firm had revenue of $691.10 million during the quarter, compared to analyst estimates of $684.34 million. During the same period last year, the business posted $0.40 EPS. The company’s revenue was up 1.4% on a year-over-year basis. On average, equities analysts anticipate that DSW will post $1.44 earnings per share for the current year.

TRADEMARK VIOLATION WARNING: “DSW Inc. (DSW) Upgraded by Deutsche Bank AG to Buy” was posted by Community Financial News and is the property of of Community Financial News. If you are reading this story on another domain, it was illegally stolen and republished in violation of US & international copyright & trademark laws. The legal version of this story can be read at https://www.com-unik.info/2017/08/12/dsw-inc-dsw-stock-rating-upgraded-by-deutsche-bank-ag-updated-updated.html.

In other DSW news, Director Harvey L. Sonnenberg sold 8,439 shares of the business’s stock in a transaction on Wednesday, June 28th. The stock was sold at an average price of $18.00, for a total value of $151,902.00. Following the sale, the director now directly owns 12,242 shares in the company, valued at $220,356. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Joanne Zaiac sold 4,219 shares of the business’s stock in a transaction on Wednesday, July 5th. The shares were sold at an average price of $17.82, for a total value of $75,182.58. Following the completion of the sale, the director now owns 4,313 shares in the company, valued at $76,857.66. The disclosure for this sale can be found here. Company insiders own 20.40% of the company’s stock.

Several hedge funds have recently modified their holdings of the stock. Guggenheim Capital LLC raised its stake in shares of DSW by 30.8% in the fourth quarter. Guggenheim Capital LLC now owns 37,885 shares of the company’s stock valued at $858,000 after buying an additional 8,932 shares during the last quarter. Norges Bank purchased a new stake in shares of DSW during the fourth quarter valued at about $21,992,000. Quadrature Capital Ltd purchased a new stake in shares of DSW during the fourth quarter valued at about $1,399,000. Teachers Advisors LLC raised its stake in shares of DSW by 1.4% in the fourth quarter. Teachers Advisors LLC now owns 123,121 shares of the company’s stock valued at $2,789,000 after buying an additional 1,645 shares during the last quarter. Finally, Skylands Capital LLC purchased a new stake in shares of DSW during the first quarter valued at about $1,213,000. Hedge funds and other institutional investors own 88.08% of the company’s stock.

About DSW

DSW Inc is a footwear retailer. The Company offers an assortment of brand name dress, casual and athletic footwear and accessories for women, men and kids. The Company operates through two segments: the DSW segment (DSW), which includes DSW stores and dsw.com, and the Affiliated Business Group (ABG) segment.

Analyst Recommendations for DSW (NYSE:DSW)

What are top analysts saying about DSW Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for DSW Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit