DSW Inc. (DSW) Receives $23.79 Consensus PT from Analysts
Shares of DSW Inc. (NYSE:DSW) have been given a consensus rating of “Hold” by the twenty-one research firms that are currently covering the company. Three research analysts have rated the stock with a sell recommendation, twelve have given a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $23.79.
A number of research firms recently commented on DSW. B. Riley reissued a “neutral” rating and issued a $23.00 target price on shares of DSW in a research note on Wednesday, August 31st. Zacks Investment Research raised DSW from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 26th. Canaccord Genuity reissued a “hold” rating and issued a $23.00 target price on shares of DSW in a research note on Wednesday, September 7th. Credit Suisse Group AG reaffirmed a “hold” rating and set a $23.00 price objective on shares of DSW in a research note on Wednesday, August 31st. Finally, Telsey Advisory Group reduced their price objective on DSW from $27.00 to $25.00 and set a “market perform” rating on the stock in a research note on Wednesday, August 31st.
Shares of DSW (NYSE:DSW) opened at 21.16 on Tuesday. The company has a 50-day moving average price of $22.51 and a 200-day moving average price of $23.20. The company has a market capitalization of $1.74 billion, a price-to-earnings ratio of 16.89 and a beta of 0.84. DSW has a 12 month low of $18.51 and a 12 month high of $29.53.
DSW (NYSE:DSW) last released its earnings results on Tuesday, August 30th. The company reported $0.35 EPS for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.05. The business had revenue of $659 million for the quarter, compared to analysts’ expectations of $658.95 million. DSW had a return on equity of 12.51% and a net margin of 3.96%. The firm’s revenue was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.42 earnings per share. On average, equities analysts anticipate that DSW will post $1.39 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Friday, September 16th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.78%. The ex-dividend date was Wednesday, September 14th. DSW’s dividend payout ratio is 64.52%.
In related news, Director Harvey L. Sonnenberg sold 8,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 1st. The shares were sold at an average price of $23.50, for a total transaction of $188,000.00. Following the completion of the sale, the director now owns 20,142 shares of the company’s stock, valued at $473,337. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP William L. Jordan sold 42,423 shares of the firm’s stock in a transaction that occurred on Wednesday, September 7th. The shares were sold at an average price of $25.00, for a total transaction of $1,060,575.00. Following the sale, the executive vice president now directly owns 72,333 shares of the company’s stock, valued at approximately $1,808,325. The disclosure for this sale can be found here. Company insiders own 20.30% of the company’s stock.
Several large investors have recently made changes to their positions in the stock. Wellington Management Group LLP increased its stake in shares of DSW by 2.2% in the first quarter. Wellington Management Group LLP now owns 7,809,666 shares of the company’s stock valued at $215,859,000 after buying an additional 165,103 shares during the period. FMR LLC increased its stake in shares of DSW by 1.8% in the second quarter. FMR LLC now owns 5,734,045 shares of the company’s stock valued at $121,447,000 after buying an additional 101,200 shares during the period. Vanguard Group Inc. increased its stake in shares of DSW by 1.1% in the second quarter. Vanguard Group Inc. now owns 4,655,716 shares of the company’s stock valued at $98,609,000 after buying an additional 51,630 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of DSW by 27.9% in the second quarter. Dimensional Fund Advisors LP now owns 3,047,286 shares of the company’s stock valued at $64,540,000 after buying an additional 664,487 shares during the period. Finally, Royce & Associates LP increased its stake in shares of DSW by 17.8% in the second quarter. Royce & Associates LP now owns 2,496,076 shares of the company’s stock valued at $52,867,000 after buying an additional 376,500 shares during the period. 87.86% of the stock is owned by institutional investors.
DSW Inc is a footwear retailer. The Company offers assortment of shoes, handbags and accessories for women, men and children. The Company operates through two segments: the DSW segment and the Affiliated Business Group (ABG) segment. The DSW segment includes DSW stores and dsw.com. The Company, through its ABG segment, partners with approximately three other retailers to help build and optimize their footwear businesses.
Receive News & Stock Ratings for DSW Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DSW Inc. and related stocks with our FREE daily email newsletter.