DSW Inc. (DSW) Receives Consensus Recommendation of “Hold” from Brokerages
Shares of DSW Inc. (NYSE:DSW) have earned a consensus recommendation of “Hold” from the twenty-two research firms that are covering the stock. Three equities research analysts have rated the stock with a sell recommendation, thirteen have assigned a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $23.99.
Several equities research analysts have recently weighed in on DSW shares. Zacks Investment Research raised shares of DSW from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 26th. Telsey Advisory Group upped their price target on shares of DSW from $23.00 to $27.00 and gave the stock a “market perform” rating in a research report on Thursday, August 25th. Canaccord Genuity reaffirmed a “hold” rating and issued a $23.00 price target (up previously from $19.00) on shares of DSW in a research report on Monday, August 29th. They noted that the move was a valuation call. B. Riley reaffirmed a “neutral” rating and issued a $23.00 price target on shares of DSW in a research report on Wednesday, August 31st. Finally, Citigroup Inc. upped their price target on shares of DSW from $20.00 to $24.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 31st.
In related news, EVP William L. Jordan sold 42,423 shares of the stock in a transaction 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 $1,808,325. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Harvey L. Sonnenberg sold 8,000 shares of the stock in a transaction on Thursday, September 1st. The stock was sold at an average price of $23.50, for a total transaction of $188,000.00. Following the sale, the director now directly owns 20,142 shares in the company, valued at $473,337. The disclosure for this sale can be found here. Corporate insiders own 20.30% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the company. MSI Financial Services Inc increased its stake in shares of DSW by 2.9% in the third quarter. MSI Financial Services Inc now owns 6,703 shares of the company’s stock worth $137,000 after buying an additional 190 shares during the period. Afam Capital Inc. increased its stake in shares of DSW by 0.4% in the third quarter. Afam Capital Inc. now owns 102,994 shares of the company’s stock worth $2,109,000 after buying an additional 442 shares during the period. HighTower Advisors LLC increased its stake in shares of DSW by 1.6% in the third quarter. HighTower Advisors LLC now owns 30,373 shares of the company’s stock worth $625,000 after buying an additional 468 shares during the period. Sei Investments Co. increased its stake in shares of DSW by 2.6% in the second quarter. Sei Investments Co. now owns 19,904 shares of the company’s stock worth $422,000 after buying an additional 505 shares during the period. Finally, I.G. Investment Management LTD. increased its stake in shares of DSW by 1.9% in the second quarter. I.G. Investment Management LTD. now owns 37,358 shares of the company’s stock worth $791,000 after buying an additional 687 shares during the period. 81.92% of the stock is currently owned by hedge funds and other institutional investors.
Shares of DSW (NYSE:DSW) traded down 0.04% during midday trading on Wednesday, hitting $23.26. 1,167,621 shares of the company traded hands. The company has a 50-day moving average price of $20.99 and a 200-day moving average price of $22.39. DSW has a 52 week low of $18.51 and a 52 week high of $29.53. The stock has a market capitalization of $1.91 billion, a P/E ratio of 18.56 and a beta of 0.72.
DSW (NYSE:DSW) last released its quarterly earnings data on Tuesday, August 30th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.05. The company earned $659 million during the quarter, compared to analysts’ expectations of $658.95 million. DSW had a net margin of 3.96% and a return on equity of 12.51%. The firm’s quarterly revenue was up 5.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.42 EPS. Analysts anticipate that DSW will post $1.39 earnings per share for the current fiscal year.
DSW Company Profile
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.
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