Shares of DSW Inc. (NYSE:DSW) have earned an average rating of “Hold” from the nineteen analysts that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, fourteen have given a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $20.79.
A number of brokerages have issued reports on DSW. Zacks Investment Research cut DSW from a “strong-buy” rating to a “hold” rating in a report on Friday. B. Riley cut DSW from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $22.00 to $20.00 in a report on Thursday. Wedbush cut DSW from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $23.00 to $20.00 in a report on Wednesday, November 1st. Jefferies Group LLC set a $20.00 target price on DSW and gave the stock a “hold” rating in a report on Tuesday, October 31st. Finally, Standpoint Research upgraded DSW from a “hold” rating to a “buy” rating in a report on Friday, October 20th.
Shares of DSW (NYSE:DSW) traded up $0.04 during mid-day trading on Monday, reaching $18.93. The company had a trading volume of 547,656 shares, compared to its average volume of 2,206,721. The stock has a market capitalization of $1,517.77, a price-to-earnings ratio of 13.40, a price-to-earnings-growth ratio of 2.04 and a beta of 0.79.
DSW (NYSE:DSW) last issued its earnings results on Tuesday, August 22nd. The company reported $0.38 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.09. DSW had a return on equity of 12.12% and a net margin of 4.41%. The firm had revenue of $680.40 million for the quarter, compared to analysts’ expectations of $666.66 million. During the same quarter last year, the business earned $0.35 earnings per share. The company’s revenue was up 3.2% compared to the same quarter last year. analysts predict that DSW will post 1.48 EPS for the current year.
DSW announced that its board has approved a stock buyback plan on Tuesday, August 22nd that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the company to buy up to 33.8% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.
In other DSW news, EVP William L. Jordan sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, September 28th. The stock was sold at an average price of $21.32, for a total value of $213,200.00. Following the sale, the executive vice president now owns 51,588 shares in the company, valued at approximately $1,099,856.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP William L. Jordan sold 15,100 shares of the business’s stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $19.00, for a total value of $286,900.00. Following the completion of the sale, the executive vice president now owns 56,688 shares in the company, valued at approximately $1,077,072. The disclosure for this sale can be found here. Insiders sold a total of 127,891 shares of company stock worth $2,559,458 in the last 90 days. Company insiders own 20.40% of the company’s stock.
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% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 254,929 shares of the company’s stock valued at $5,476,000 after acquiring an additional 52,935 shares in the last quarter. FDx Advisors Inc. increased its position in shares of DSW by 29.8% during the 3rd 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 increased its position in shares of DSW by 3.5% during the 3rd 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 acquired a new position in shares of DSW during the 3rd quarter worth approximately $2,077,000. Finally, Principal Financial Group Inc. increased its position in shares of DSW by 6.7% during the 3rd 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 85.90% of the company’s stock.
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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