Other equities research analysts have also issued reports about the stock. Standpoint Research upgraded shares of DSW from a hold rating to a buy rating in a research report on Friday, October 20th. Wedbush reiterated an ourperform rating and issued a $23.00 price objective on shares of DSW in a research report on Monday, September 25th. Susquehanna Bancshares upgraded shares of DSW from a neutral rating to a positive rating and set a $23.00 target price on the stock in a report on Thursday, November 16th. Jefferies Group set a $20.00 target price on shares of DSW and gave the company a hold rating in a report on Tuesday, October 31st. Finally, Buckingham Research upped their target price on shares of DSW from $18.00 to $22.00 and gave the company a neutral rating in a report on Monday, November 20th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of $21.42.
Shares of DSW (NYSE DSW) traded down $0.48 during midday trading on Friday, hitting $20.47. 2,041,200 shares of the company’s stock traded hands, compared to its average volume of 1,439,740. The stock has a market cap of $1,640.00, a price-to-earnings ratio of 19.13, a P/E/G ratio of 2.36 and a beta of 0.84. DSW has a 52 week low of $15.14 and a 52 week high of $22.72.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 15th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 3.91%. The ex-dividend date of this dividend was Thursday, December 14th. DSW’s dividend payout ratio (DPR) is presently 74.77%.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Piedmont Investment Advisors LLC acquired a new stake in DSW during the 2nd quarter worth approximately $258,000. MIG Capital LLC grew its position in DSW by 12.6% in the second quarter. MIG Capital LLC now owns 1,960,000 shares of the company’s stock valued at $34,692,000 after acquiring an additional 218,792 shares in the last quarter. FMR LLC grew its position in DSW by 9.3% in the second quarter. FMR LLC now owns 6,291,973 shares of the company’s stock valued at $111,368,000 after acquiring an additional 533,713 shares in the last quarter. Vanguard Group Inc. grew its position in DSW by 5.1% in the second quarter. Vanguard Group Inc. now owns 6,081,533 shares of the company’s stock valued at $107,644,000 after acquiring an additional 297,463 shares in the last quarter. Finally, ClariVest Asset Management LLC acquired a new stake in DSW in the third quarter valued at approximately $7,176,000. 89.13% of the stock is owned by hedge funds and other institutional investors.
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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