Deutsche Bank AG upgraded shares of DSW Inc. (NYSE:DSW) from a hold rating to a buy rating in a research note released on Tuesday, July 25th, Marketbeat reports. They currently have $21.00 target price on the stock.
Other equities analysts have also issued reports about the stock. Citigroup Inc. cut their price objective on shares of DSW from $23.00 to $18.00 and set a neutral rating on the stock in a report on Thursday, May 25th. B. Riley restated a neutral rating and issued a $18.50 target price on shares of DSW in a research note on Wednesday, May 24th. Telsey Advisory Group lowered their target price on shares of DSW from $22.00 to $19.00 and set a market perform rating for the company in a research note on Wednesday, May 24th. BidaskClub upgraded shares of DSW from a sell rating to a hold rating in a research note on Saturday, June 10th. Finally, Cleveland Research upgraded shares of DSW from an underperform rating to a neutral rating in a research note on Thursday, June 8th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of Hold and a consensus target price of $21.53.
Shares of DSW (NYSE:DSW) traded down 3.47% during mid-day trading on Tuesday, hitting $15.84. The stock had a trading volume of 3,005,572 shares. DSW has a 52-week low of $15.66 and a 52-week high of $26.22. The stock has a market cap of $1.27 billion, a P/E ratio of 10.99 and a beta of 0.83. The company’s 50 day moving average is $17.42 and its 200-day moving average is $18.99.
DSW (NYSE:DSW) last issued its quarterly earnings data on Tuesday, May 23rd. The company reported $0.32 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by $0.01. The business had revenue of $691.10 million for the quarter, compared to analysts’ expectations of $684.34 million. DSW had a net margin of 4.32% and a return on equity of 12.06%. The business’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.40 earnings per share. On average, equities research analysts anticipate that DSW will post $1.44 earnings per share for the current fiscal year.
In other DSW news, Director Harvey L. Sonnenberg sold 8,439 shares of DSW stock in a transaction on Wednesday, June 28th. The shares were sold at an average price of $18.00, for a total value of $151,902.00. Following the completion of the transaction, the director now owns 12,242 shares of the company’s stock, valued at $220,356. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Joanne Zaiac sold 4,219 shares of DSW stock in a transaction on Wednesday, July 5th. The shares were sold at an average price of $17.82, for a total transaction of $75,182.58. Following the completion of the transaction, the director now directly owns 4,313 shares of the company’s stock, valued at approximately $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 added to or reduced their stakes in the company. FNY Managed Accounts LLC bought a new stake in DSW during the first quarter worth approximately $100,000. Ameritas Investment Partners Inc. bought a new stake in DSW during the first quarter worth approximately $120,000. State of Tennessee Treasury Department bought a new stake in DSW during the first quarter worth approximately $143,000. State of Alaska Department of Revenue acquired a new position in DSW during the first quarter worth $154,000. Finally, PNC Financial Services Group Inc. raised its position 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. 83.62% of the stock is owned by institutional investors and hedge funds.
DSW Company Profile
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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