DSW Inc. (DSW) Stock Rating Lowered by B. Riley

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.

ILLEGAL ACTIVITY NOTICE: This story was reported by Community Financial News and is the property of of Community Financial News. If you are reading this story on another domain, it was illegally copied and republished in violation of US & international copyright laws. The original version of this story can be read at https://www.com-unik.info/2017/11/05/dsw-inc-dsw-stock-rating-lowered-by-b-riley.html.

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.

Analyst Recommendations for DSW (NYSE:DSW)

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