DSW Inc. (DSW) PT Set at $28.00 by Jefferies Group
DSW Inc. (NYSE:DSW) has been assigned a $28.00 price target by Jefferies Group in a research note issued to investors on Thursday. The firm presently has a “buy” rating on the stock. Jefferies Group’s price target suggests a potential upside of 12.45% from the company’s current price.
Other analysts have also recently issued reports about the company. B. Riley restated a “neutral” rating and set a $23.00 price target on shares of DSW in a report on Monday, September 5th. Zacks Investment Research cut DSW from a “buy” rating to a “hold” rating in a report on Friday. Canaccord Genuity set a $23.00 target price on DSW and gave the company a “hold” rating in a report on Thursday, September 15th. Credit Suisse Group AG reiterated a “hold” rating and issued a $23.00 target price on shares of DSW in a report on Wednesday, August 31st. Finally, Standpoint Research started coverage on DSW in a report on Friday, November 4th. They issued a “buy” rating and a $28.00 target price on the stock. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $24.64.
Shares of DSW (NYSE:DSW) opened at 24.90 on Thursday. The firm’s 50-day moving average is $21.84 and its 200 day moving average is $22.34. The firm has a market capitalization of $2.05 billion, a P/E ratio of 19.87 and a beta of 0.72. DSW has a one year low of $18.51 and a one year high of $29.53.
DSW (NYSE:DSW) last released its quarterly earnings results on Tuesday, November 22nd. The company reported $0.51 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.03. The company had revenue of $697 million for the quarter, compared to analysts’ expectations of $710.42 million. DSW had a return on equity of 12.45% and a net margin of 3.90%. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.44 earnings per share. Equities research analysts predict that DSW will post $1.40 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 30th. Shareholders of record on Friday, December 16th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Wednesday, December 14th. This represents a $0.80 dividend on an annualized basis and a yield of 3.21%. DSW’s dividend payout ratio (DPR) is presently 62.99%.
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In other DSW news, EVP William L. Jordan sold 42,423 shares of the company’s stock in a transaction on 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Harvey L. Sonnenberg sold 8,000 shares of the company’s stock in a transaction on Thursday, September 1st. The shares were sold at an average price of $23.50, for a total value of $188,000.00. Following the completion of the transaction, the director now owns 20,142 shares of the company’s stock, valued at approximately $473,337. The disclosure for this sale can be found here. 20.30% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. D.A. Davidson & CO. increased its position in shares of DSW by 14.5% in the third quarter. D.A. Davidson & CO. now owns 9,075 shares of the company’s stock worth $185,000 after buying an additional 1,150 shares during the period. Credit Suisse AG increased its position in shares of DSW by 133.9% in the third quarter. Credit Suisse AG now owns 610,437 shares of the company’s stock worth $12,502,000 after buying an additional 349,490 shares during the period. Penn Capital Management Co. Inc. increased its position in shares of DSW by 4.5% in the third quarter. Penn Capital Management Co. Inc. now owns 73,277 shares of the company’s stock worth $1,501,000 after buying an additional 3,141 shares during the period. Verition Fund Management LLC acquired a new position in shares of DSW during the third quarter worth about $385,000. Finally, Boston Private Wealth LLC acquired a new position in shares of DSW during the third quarter worth about $223,000. Hedge funds and other institutional investors own 82.29% of the company’s stock.
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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