DSW Inc. (NYSE:DSW) Upgraded by Zacks Investment Research to Hold
Zacks Investment Research upgraded shares of DSW Inc. (NYSE:DSW) from a sell rating to a hold rating in a research note published on Monday, July 31st.
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 equities research analysts have also recently weighed in on DSW. Buckingham Research cut DSW from a buy rating to a neutral rating and set a $20.00 price target for the company. in a research note on Monday, May 8th. Canaccord Genuity reissued a hold rating and issued a $19.00 price target on shares of DSW in a research note on Tuesday, May 16th. CL King raised DSW from a neutral rating to a buy rating in a research note on Tuesday, May 23rd. B. Riley reaffirmed a neutral rating and set a $18.50 target price on shares of DSW in a research note on Wednesday, May 24th. Finally, Telsey Advisory Group decreased their target price on DSW from $22.00 to $19.00 and set a market perform rating for the company in a research note on Wednesday, May 24th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. DSW presently has a consensus rating of Hold and a consensus price target of $21.53.
DSW (NYSE DSW) traded down 3.47% during trading on Monday, hitting $15.84. The stock had a trading volume of 3,005,572 shares. The company has a 50-day moving average of $17.42 and a 200 day moving average of $18.99. DSW has a 52 week low of $15.66 and a 52 week high of $26.22. The company has a market cap of $1.27 billion, a price-to-earnings ratio of 10.99 and a beta of 0.83.
DSW (NYSE:DSW) last posted its earnings results on Tuesday, May 23rd. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.33 by $0.01. The firm had revenue of $691.10 million during the quarter, compared to the consensus estimate of $684.34 million. DSW had a net margin of 4.32% and a return on equity of 12.06%. DSW’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.40 earnings per share. On average, equities research analysts anticipate that DSW will post $1.44 EPS for the current year.
In related news, Director Harvey L. Sonnenberg sold 8,439 shares of DSW stock in a transaction on Wednesday, June 28th. The stock was sold at an average price of $18.00, for a total transaction of $151,902.00. Following the sale, the director now directly owns 12,242 shares in the company, valued at $220,356. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Joanne Zaiac sold 4,219 shares of DSW stock in a transaction on Wednesday, July 5th. The stock was sold at an average price of $17.82, for a total value of $75,182.58. Following the sale, the director now owns 4,313 shares in the company, valued at $76,857.66. The disclosure for this sale can be found here. Company insiders own 20.40% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. Guggenheim Capital LLC increased its stake in DSW by 30.8% in the fourth quarter. Guggenheim Capital LLC now owns 37,885 shares of the company’s stock worth $858,000 after buying an additional 8,932 shares in the last quarter. Norges Bank purchased a new stake in DSW during the fourth quarter worth about $21,992,000. Quadrature Capital Ltd bought a new position in shares of DSW during the fourth quarter valued at $1,399,000. Teachers Advisors LLC boosted its position in shares of DSW by 1.4% in the fourth quarter. Teachers Advisors LLC now owns 123,121 shares of the company’s stock valued at $2,789,000 after buying an additional 1,645 shares during the period. Finally, Skylands Capital LLC bought a new position in shares of DSW during the first quarter valued at $1,213,000. 83.62% of the stock is owned by institutional investors and hedge funds.
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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