DSW Inc. (DSW) Downgraded by Zacks Investment Research to Hold
According to Zacks, “DSW is a specialty branded footwear retailer operating DSW stores and also supplies, under supply arrangements, to related retailers and to other non-related retailers in the United States. “
Several other analysts also recently commented on the company. Susquehanna initiated coverage on DSW in a research note on Thursday, September 15th. They issued a negative rating and a $19.00 price objective for the company. Standpoint Research initiated coverage on DSW in a research note on Friday, November 4th. They issued a buy rating and a $28.00 price objective for the company. Telsey Advisory Group increased their price objective on DSW from $23.00 to $27.00 and gave the stock a market perform rating in a research note on Thursday, August 25th. Canaccord Genuity reissued a hold rating and issued a $23.00 price objective (up from $19.00) on shares of DSW in a research note on Monday, August 29th. They noted that the move was a valuation call. Finally, Citigroup Inc. increased their price objective on DSW from $20.00 to $24.00 and gave the stock a neutral rating in a research note on Wednesday, August 31st. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of $24.64.
DSW (NYSE:DSW) opened at 24.90 on Friday. DSW has a 1-year low of $18.51 and a 1-year high of $29.53. The firm has a market cap of $2.05 billion, a price-to-earnings ratio of 19.87 and a beta of 0.72. The firm has a 50-day moving average price of $21.84 and a 200 day moving average price of $22.34.
DSW (NYSE:DSW) last issued its quarterly earnings data on Tuesday, November 22nd. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.48 by $0.03. The firm earned $697 million during the quarter, compared to the consensus estimate of $710.42 million. DSW had a return on equity of 12.45% and a net margin of 3.90%. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.44 earnings per share. Equities analysts predict that DSW will post $1.40 earnings per share for the current year.
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The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 30th. Stockholders of record on Friday, December 16th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Wednesday, December 14th. This represents a $0.80 annualized dividend and a dividend yield of 3.21%. DSW’s dividend payout ratio is currently 62.99%.
In other news, Director Harvey L. Sonnenberg sold 8,000 shares of DSW stock in a transaction dated Thursday, September 1st. The stock was sold at an average price of $23.50, for a total value of $188,000.00. Following the transaction, the director now owns 20,142 shares in the company, valued at $473,337. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP William L. Jordan sold 42,423 shares of DSW stock in a transaction dated Wednesday, September 7th. The stock was sold at an average price of $25.00, for a total value of $1,060,575.00. Following the completion of the transaction, the executive vice president now owns 72,333 shares in the company, valued at approximately $1,808,325. The disclosure for this sale can be found here. 20.30% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Parkwood LLC boosted its stake in DSW by 54.2% in the second quarter. Parkwood LLC now owns 21,424 shares of the company’s stock valued at $454,000 after buying an additional 7,531 shares during the last quarter. Paragon Capital Management LLC boosted its stake in DSW by 3.1% in the second quarter. Paragon Capital Management LLC now owns 413,220 shares of the company’s stock valued at $8,751,000 after buying an additional 12,473 shares during the last quarter. First American Bank boosted its stake in DSW by 1.6% in the second quarter. First American Bank now owns 105,549 shares of the company’s stock valued at $2,236,000 after buying an additional 1,649 shares during the last quarter. First Quadrant L P CA boosted its stake in DSW by 407.7% in the second quarter. First Quadrant L P CA now owns 132,000 shares of the company’s stock valued at $2,796,000 after buying an additional 106,000 shares during the last quarter. Finally, Eagle Boston Investment Management Inc. boosted its stake in DSW by 2.7% in the second quarter. Eagle Boston Investment Management Inc. now owns 240,575 shares of the company’s stock valued at $5,095,000 after buying an additional 6,270 shares during the last quarter. Hedge funds and other institutional investors own 85.00% of the company’s stock.
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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