DSW (DSW) Earns Daily Media Sentiment Rating of 0.12
Press coverage about DSW (NYSE:DSW) has trended somewhat positive on Sunday, Accern Sentiment Analysis reports. Accern ranks the sentiment of news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. DSW earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 45.5032650368123 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the media stories that may have impacted Accern Sentiment Analysis’s analysis:
- Footwear giant opens first store in Saudi Arabia (chainstoreage.com)
- DSW Opens First Store in Saudi Arabia – Footwear News (footwearnews.com)
- DSW Designer Shoe Warehouse Opens First Warehouse in Saudi Arabia – PR Newswire (press release) (prnewswire.com)
- Short Interest in Retail & Consumer Brands Reach Multi-Year Highs – Cowen (streetinsider.com)
- What Location Strategies Are Major Brands Using To Make Retail Relevant Again? (geomarketing.com)
A number of equities analysts have issued reports on DSW shares. B. Riley reaffirmed a “buy” rating and issued a $22.00 target price on shares of DSW in a report on Monday, August 28th. Citigroup Inc. upped their target price on DSW from $18.00 to $20.00 and gave the stock a “neutral” rating in a report on Wednesday, August 23rd. Jefferies Group LLC set a $20.00 target price on DSW and gave the stock a “hold” rating in a report on Wednesday, August 23rd. Susquehanna Bancshares Inc reaffirmed a “neutral” rating and issued a $21.00 target price on shares of DSW in a report on Thursday, August 24th. Finally, Buckingham Research set a $18.00 target price on DSW and gave the stock a “hold” rating in a report on Tuesday, August 22nd. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $21.75.
Shares of DSW (NYSE:DSW) traded up 1.70% during midday trading on Friday, hitting $20.35. The stock had a trading volume of 3,913,582 shares. DSW has a 1-year low of $15.14 and a 1-year high of $25.96. The stock has a market cap of $1.64 billion, a price-to-earnings ratio of 13.64 and a beta of 0.80. The firm’s 50-day moving average price is $18.29 and its 200-day moving average price is $18.66.
DSW (NYSE:DSW) last released its quarterly earnings data on Tuesday, August 22nd. The company reported $0.38 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.09. The firm had revenue of $680.40 million for 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 company’s quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.35 earnings per share. Analysts forecast that DSW will post $1.50 earnings per share for the current year.
DSW declared that its board has approved a stock buyback program on Tuesday, August 22nd that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the company to buy up to 33.8% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Tuesday, September 19th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Monday, September 18th. This represents a $0.80 annualized dividend and a dividend yield of 3.93%. DSW’s dividend payout ratio is currently 54.05%.
In other news, Director Harvey L. Sonnenberg sold 8,439 shares of DSW stock in a transaction dated Wednesday, June 28th. The stock was sold at an average price of $18.00, for a total value of $151,902.00. Following the transaction, the director now owns 12,242 shares in the company, valued at $220,356. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP William L. Jordan sold 2,666 shares of DSW stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $20.03, for a total value of $53,399.98. Following the completion of the transaction, the executive vice president now owns 44,254 shares in the company, valued at approximately $886,407.62. The disclosure for this sale can be found here. In the last quarter, insiders sold 120,476 shares of company stock worth $2,356,471. Company insiders own 20.40% of the company’s stock.
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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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