Shares of DSW Inc. (NYSE:DSW) hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $15.84 and last traded at $15.84, with a volume of 1,548,737 shares changing hands. The stock had previously closed at $16.41.
Several brokerages recently issued reports on DSW. B. Riley reiterated a “neutral” rating and issued a $18.50 price target on shares of DSW in a report on Wednesday, May 24th. Canaccord Genuity lowered their price target on DSW from $19.00 to $17.00 and set a “hold” rating for the company in a report on Wednesday, May 24th. Zacks Investment Research upgraded DSW from a “sell” rating to a “hold” rating in a report on Monday, July 31st. BidaskClub upgraded DSW from a “sell” rating to a “hold” rating in a report on Saturday, June 10th. Finally, Cleveland Research upgraded DSW from an “underperform” rating to a “neutral” rating in a report on Thursday, June 8th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. DSW has an average rating of “Hold” and a consensus target price of $21.53.
The company has a market cap of $1.27 billion, a price-to-earnings ratio of 10.940 and a beta of 0.83. The company has a 50-day moving average of $17.48 and a 200 day moving average of $19.02.
DSW (NYSE:DSW) last posted its quarterly earnings data on Tuesday, May 23rd. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by $0.01. DSW had a return on equity of 12.06% and a net margin of 4.32%. The company had revenue of $691.10 million for the quarter, compared to the consensus estimate of $684.34 million. During the same quarter in the previous year, the firm posted $0.40 EPS. The business’s revenue for the quarter was up 1.4% compared to the same quarter last year. Equities analysts forecast that DSW Inc. will post $1.44 EPS for the current fiscal year.
In other news, Director Harvey L. Sonnenberg sold 8,439 shares of the business’s stock in a transaction dated Wednesday, June 28th. The shares were sold at an average price of $18.00, for a total transaction of $151,902.00. Following the transaction, the director now owns 12,242 shares in the company, valued at approximately $220,356. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Joanne Zaiac sold 4,219 shares of the business’s stock in a transaction dated Wednesday, July 5th. The stock was sold at an average price of $17.82, for a total transaction of $75,182.58. Following the transaction, the director now owns 4,313 shares in the company, valued at approximately $76,857.66. The disclosure for this sale can be found here. Insiders own 20.40% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of DSW. FNY Managed Accounts LLC bought a new position in DSW during the first quarter valued at about $100,000. Ameritas Investment Partners Inc. acquired a new stake in DSW during the first quarter worth $120,000. State of Tennessee Treasury Department acquired a new stake in DSW during the first quarter worth $143,000. State of Alaska Department of Revenue acquired a new stake in DSW during the first quarter worth $154,000. Finally, PNC Financial Services Group Inc. boosted its stake in DSW by 3.9% in the first quarter. PNC Financial Services Group Inc. now owns 7,483 shares of the company’s stock worth $155,000 after buying an additional 283 shares during the last quarter. Institutional investors own 83.62% of the company’s stock.
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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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