DSW’s (DSW) “Neutral” Rating Reaffirmed at Susquehanna Bancshares Inc
Other research analysts also recently issued research reports about the company. Citigroup Inc. reduced their target price on DSW from $23.00 to $18.00 and set a neutral rating on the stock in a report on Thursday, May 25th. Telsey Advisory Group dropped their price target on DSW from $22.00 to $19.00 and set a market perform rating on the stock in a research report on Wednesday, May 24th. B. Riley reiterated a neutral rating and set a $18.50 price target on shares of DSW in a research report on Wednesday, May 24th. BidaskClub upgraded DSW from a sell rating to a hold rating in a research report on Saturday, June 10th. Finally, Wedbush upgraded DSW from a neutral rating to an outperform rating and set a $22.00 price target on the stock in a research report on Wednesday, July 26th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of Hold and an average price target of $21.83.
DSW (NYSE DSW) traded up 5.54% during trading on Thursday, hitting $20.18. 3,478,813 shares of the stock traded hands. DSW has a 12 month low of $15.14 and a 12 month high of $26.13. The company has a market cap of $1.63 billion, a P/E ratio of 13.53 and a beta of 0.83. The company’s 50 day moving average price is $17.45 and its 200 day moving average price is $18.91.
DSW (NYSE:DSW) last issued its quarterly earnings results on Tuesday, August 22nd. The company reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.09. The firm 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%. DSW’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.35 earnings per share. On average, equities research analysts anticipate that DSW will post $1.50 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Tuesday, September 19th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 4.18%. The ex-dividend date is Monday, September 18th. DSW’s payout ratio is 54.05%.
DSW announced that its board has authorized a share repurchase plan on Tuesday, August 22nd that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the company to purchase up to 33.8% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.
In other DSW news, Director Joanne Zaiac sold 4,219 shares of the company’s stock in a transaction on Wednesday, July 5th. The shares were sold at an average price of $17.82, for a total transaction of $75,182.58. Following the completion of the sale, the director now owns 4,313 shares in the company, valued at approximately $76,857.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Harvey L. Sonnenberg sold 8,439 shares of the company’s stock in a transaction on Wednesday, June 28th. The shares were sold at an average price of $18.00, for a total transaction of $151,902.00. Following the sale, the director now owns 12,242 shares of the company’s stock, valued at approximately $220,356. The disclosure for this sale can be found here. 20.40% of the stock is currently owned by insiders.
Several hedge funds have recently modified their holdings of the stock. PNC Financial Services Group Inc. boosted its stake in shares of DSW by 3.9% in the first quarter. PNC Financial Services Group Inc. now owns 7,483 shares of the company’s stock valued at $155,000 after buying an additional 283 shares during the last quarter. Investors Asset Management of Georgia Inc. GA ADV boosted its stake in shares of DSW by 1.6% in the second quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 19,370 shares of the company’s stock valued at $343,000 after buying an additional 300 shares during the last quarter. Bbva Compass Bancshares Inc. boosted its stake in shares of DSW by 2.4% in the first quarter. Bbva Compass Bancshares Inc. now owns 14,375 shares of the company’s stock valued at $297,000 after buying an additional 332 shares during the last quarter. Aperio Group LLC boosted its stake in shares of DSW by 3.4% in the second quarter. Aperio Group LLC now owns 24,648 shares of the company’s stock valued at $436,000 after buying an additional 815 shares during the last quarter. Finally, Shufro Rose & Co. LLC boosted its stake in shares of DSW by 1.1% in the second quarter. Shufro Rose & Co. LLC now owns 82,988 shares of the company’s stock valued at $1,469,000 after buying an additional 915 shares during the last quarter. 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.
Receive News & Stock Ratings for DSW Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DSW Inc. and related stocks with our FREE daily email newsletter.