DSW Inc. (DSW) Rating Reiterated by Deutsche Bank AG
DSW Inc. (NYSE:DSW)‘s stock had its “buy” rating restated by stock analysts at Deutsche Bank AG in a report released on Wednesday. They presently have a $22.00 price target on the stock, up from their previous price target of $21.00. Deutsche Bank AG’s price target would suggest a potential upside of 15.06% from the stock’s previous close.
DSW has been the subject of several other research reports. Canaccord Genuity cut their price objective on DSW from $19.00 to $17.00 and set a “hold” rating for the company in a report on Wednesday, May 24th. Zacks Investment Research raised DSW from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 9th. Standpoint Research downgraded DSW from a “buy” rating to a “hold” rating in a report on Tuesday. Susquehanna Bancshares Inc raised DSW from a “negative” rating to a “neutral” rating and cut their price objective for the company from $17.00 to $16.00 in a report on Wednesday, May 24th. Finally, ValuEngine downgraded DSW from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, four 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 target price of $21.83.
DSW (NYSE:DSW) opened at 19.12 on Wednesday. DSW has a 52 week low of $15.14 and a 52 week high of $26.13. The stock has a market cap of $1.54 billion, a P/E ratio of 12.82 and a beta of 0.83. The company’s 50 day moving average is $17.45 and its 200 day moving average is $18.91.
DSW (NYSE:DSW) last released its quarterly earnings data on Tuesday, August 22nd. The company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.29 by $0.09. The company had revenue of $680.40 million during the quarter, compared to the consensus estimate of $666.66 million. DSW had a return on equity of 12.12% and a net margin of 4.41%. The firm’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.35 EPS. Equities analysts predict that DSW will post $1.50 earnings per share for the current year.
DSW declared that its board has authorized a stock repurchase program on Tuesday, August 22nd that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the company to reacquire up to 33.8% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.
In related news, Director Joanne Zaiac sold 4,219 shares of the firm’s 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 transaction, the director now owns 4,313 shares in the company, valued at $76,857.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Harvey L. Sonnenberg sold 8,439 shares of the firm’s stock in a transaction on Wednesday, June 28th. The stock was sold at an average price of $18.00, for a total value of $151,902.00. Following the completion of the transaction, the director now owns 12,242 shares in the company, valued at approximately $220,356. The disclosure for this sale can be found here. 20.40% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Spears Abacus Advisors LLC bought a new position in shares of DSW during the first quarter worth approximately $287,000. First Trust Advisors LP boosted its position in shares of DSW by 30.1% in the first quarter. First Trust Advisors LP now owns 141,621 shares of the company’s stock worth $2,929,000 after buying an additional 32,796 shares during the last quarter. CT Mason bought a new position in shares of DSW during the first quarter worth approximately $1,770,000. Wedge Capital Management L L P NC boosted its position in shares of DSW by 11.3% in the first quarter. Wedge Capital Management L L P NC now owns 15,472 shares of the company’s stock worth $320,000 after buying an additional 1,568 shares during the last quarter. Finally, OLD National Bancorp IN bought a new position in shares of DSW during the first quarter worth approximately $364,000. Institutional investors own 83.62% of the company’s stock.
DSW Company Profile
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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