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.
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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.
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.
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