DSW Inc. (DSW) Reaches New 1-Year Low at $15.84

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.

COPYRIGHT VIOLATION WARNING: This news story was first reported by Community Financial News and is owned by of Community Financial News. If you are reading this news story on another publication, it was illegally stolen and reposted in violation of international copyright & trademark laws. The correct version of this news story can be viewed at https://www.com-unik.info/2017/08/18/dsw-inc-dsw-reaches-new-1-year-low-at-15-84.html.

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.

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