DSW Inc. (DSW) Receives Average Rating of “Hold” from Brokerages
DSW Inc. (NYSE:DSW) has earned an average recommendation of “Hold” from the nineteen ratings firms that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $21.13.
A number of analysts have weighed in on DSW shares. CL King upgraded DSW from a “neutral” rating to a “buy” rating in a research note on Tuesday, May 23rd. B. Riley reissued a “neutral” rating and set a $18.50 price target on shares of DSW in a research report on Wednesday, May 24th. 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. Susquehanna Bancshares Inc raised DSW from a “negative” rating to a “neutral” rating and dropped their price target for the stock from $17.00 to $16.00 in a research report on Wednesday, May 24th. Finally, Canaccord Genuity dropped their price target on DSW from $19.00 to $17.00 and set a “hold” rating on the stock in a research report on Wednesday, May 24th.
In related news, EVP William L. Jordan sold 2,666 shares of the firm’s stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $20.03, for a total transaction of $53,399.98. Following the sale, the executive vice president now owns 44,254 shares of the company’s stock, valued at $886,407.62. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP William L. Jordan sold 4,600 shares of the firm’s stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $19.01, for a total value of $87,446.00. Following the sale, the executive vice president now directly owns 46,188 shares in the company, valued at approximately $878,033.88. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 120,476 shares of company stock worth $2,356,471. 20.40% of the stock is owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in DSW. BlackRock Inc. raised its stake in DSW by 42,735.5% in the first quarter. BlackRock Inc. now owns 8,346,505 shares of the company’s stock valued at $172,606,000 after buying an additional 8,327,020 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in DSW by 41.4% in the second quarter. Dimensional Fund Advisors LP now owns 5,974,645 shares of the company’s stock valued at $105,753,000 after buying an additional 1,748,831 shares during the last quarter. Skandinaviska Enskilda Banken AB publ raised its stake in DSW by 434.2% in the first quarter. Skandinaviska Enskilda Banken AB publ now owns 1,693,900 shares of the company’s stock valued at $35,030,000 after buying an additional 1,376,800 shares during the last quarter. Frontier Capital Management Co. LLC raised its stake in DSW by 110.6% in the first quarter. Frontier Capital Management Co. LLC now owns 2,408,558 shares of the company’s stock valued at $49,809,000 after buying an additional 1,264,730 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in DSW by 15.8% in the first quarter. Vanguard Group Inc. now owns 5,784,070 shares of the company’s stock valued at $119,615,000 after buying an additional 788,073 shares during the last quarter. Institutional investors own 85.55% of the company’s stock.
DSW (DSW) traded up 1.70% during mid-day trading on Friday, reaching $20.35. 3,913,582 shares of the company traded hands. The firm has a market capitalization of $1.64 billion, a P/E ratio of 13.64 and a beta of 0.80. DSW has a 12-month low of $15.14 and a 12-month high of $25.96. The company’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 earnings results on Tuesday, August 22nd. The company reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.09. DSW had a return on equity of 12.12% and a net margin of 4.41%. The business had revenue of $680.40 million for the quarter, compared to analyst estimates of $666.66 million. During the same quarter last year, the firm posted $0.35 earnings per share. The business’s revenue was up 3.2% compared to the same quarter last year. Equities research analysts predict that DSW will post $1.50 EPS for the current year.
DSW announced that its Board of Directors 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 buy up to 33.8% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s board of directors believes its shares are undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Tuesday, September 19th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 3.93%. The ex-dividend date is Monday, September 18th. DSW’s payout ratio is currently 54.05%.
TRADEMARK VIOLATION NOTICE: “DSW Inc. (DSW) Receives Average Rating of “Hold” from Brokerages” was reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this news story on another website, it was stolen and reposted in violation of US & international copyright and trademark legislation. The legal version of this news story can be accessed at https://www.thecerbatgem.com/2017/09/17/dsw-inc-dsw-receives-average-rating-of-hold-from-brokerages.html.
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.