DSW Inc. (NYSE:DSW) was downgraded by B. Riley from a “buy” rating to a “neutral” rating in a research report issued on Thursday. They currently have a $20.00 target price on the stock, down from their prior target price of $22.00. B. Riley’s price objective indicates a potential upside of 5.88% from the company’s current price.
A number of other equities analysts also recently weighed in on DSW. Deutsche Bank AG raised DSW from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a research report on Tuesday, July 25th. Wedbush raised DSW from a “neutral” rating to an “outperform” rating and set a $22.00 price target on the stock in a research report on Wednesday, July 26th. Zacks Investment Research raised DSW from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. Canaccord Genuity set a $17.00 price objective on DSW and gave the stock a “hold” rating in a report on Sunday, August 20th. Finally, Standpoint Research cut DSW from a “buy” rating to a “hold” rating in a report on Tuesday, August 22nd. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $21.12.
Shares of DSW (DSW) traded up $0.02 during midday trading on Thursday, reaching $18.89. The company’s stock had a trading volume of 1,789,237 shares, compared to its average volume of 2,173,866. The stock has a market cap of $1,517.77, a price-to-earnings ratio of 13.40, a P/E/G ratio of 2.04 and a beta of 0.79.
DSW (NYSE:DSW) last announced its quarterly earnings results on Tuesday, August 22nd. The company reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.09. The firm had revenue of $680.40 million for the quarter, compared to the consensus estimate of $666.66 million. DSW had a return on equity of 12.12% and a net margin of 4.41%. The business’s revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.35 earnings per share. analysts predict that DSW will post 1.48 EPS for the current year.
DSW announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, August 22nd that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the company to purchase up to 33.8% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s management believes its stock is undervalued.
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In other DSW news, Chairman Deborah L. Ferree sold 10,073 shares of the company’s stock in a transaction on Wednesday, September 27th. The stock was sold at an average price of $21.53, for a total transaction of $216,871.69. Following the completion of the sale, the chairman now directly owns 113,920 shares in the company, valued at $2,452,697.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Deborah L. Ferree sold 75,452 shares of the company’s stock in a transaction on Friday, August 25th. The stock was sold at an average price of $20.00, for a total value of $1,509,040.00. Following the sale, the chairman now owns 199,445 shares of the company’s stock, valued at $3,988,900. The disclosure for this sale can be found here. Over the last quarter, insiders sold 127,891 shares of company stock valued at $2,559,458. 20.40% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BNP Paribas Arbitrage SA lifted its stake in DSW by 26.2% during the third quarter. BNP Paribas Arbitrage SA now owns 254,929 shares of the company’s stock worth $5,476,000 after purchasing an additional 52,935 shares during the last quarter. FDx Advisors Inc. lifted its stake in DSW by 29.8% during the third quarter. FDx Advisors Inc. now owns 23,954 shares of the company’s stock worth $515,000 after purchasing an additional 5,493 shares during the last quarter. Global X MANAGEMENT CO LLC lifted its stake in DSW by 3.5% during the third quarter. Global X MANAGEMENT CO LLC now owns 386,578 shares of the company’s stock worth $8,304,000 after purchasing an additional 13,051 shares during the last quarter. Jennison Associates LLC bought a new stake in DSW during the third quarter worth $2,077,000. Finally, Principal Financial Group Inc. lifted its stake in DSW by 6.7% during the third quarter. Principal Financial Group Inc. now owns 547,631 shares of the company’s stock worth $11,763,000 after purchasing an additional 34,540 shares during the last quarter. Hedge funds and other institutional investors own 85.81% of the company’s stock.
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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