DSW Inc. (DSW) Upgraded to Positive at Susquehanna Bancshares Inc
Susquehanna Bancshares Inc upgraded shares of DSW Inc. (NYSE:DSW) from a neutral rating to a positive rating in a report released on Thursday morning, Marketbeat Ratings reports. The firm currently has $23.00 price objective on the stock.
Other analysts also recently issued reports about the company. B. Riley reiterated a buy rating and issued a $22.00 price target on shares of DSW in a report on Monday, August 28th. Wedbush upgraded DSW from a neutral rating to an outperform rating and set a $22.00 price target for the company in a report on Wednesday, July 26th. Standpoint Research downgraded DSW from a buy rating to a hold rating in a report on Tuesday, August 22nd. Citigroup Inc. increased their price target on DSW from $18.00 to $20.00 and gave the company a neutral rating in a report on Wednesday, August 23rd. Finally, Jefferies Group LLC set a $20.00 price target on DSW and gave the company a hold rating in a report on Wednesday, August 23rd. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of $21.27.
DSW (DSW) traded up $1.95 during mid-day trading on Thursday, hitting $22.15. The stock had a trading volume of 5,638,700 shares, compared to its average volume of 2,086,362. The firm has a market cap of $1,779.71, a P/E ratio of 15.71, a price-to-earnings-growth ratio of 2.40 and a beta of 0.79. DSW has a 1-year low of $15.14 and a 1-year high of $25.96.
DSW (NYSE:DSW) last announced its quarterly earnings results on Tuesday, August 22nd. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.09. DSW had a return on equity of 12.12% and a net margin of 4.41%. The firm had revenue of $680.40 million during the quarter, compared to the consensus estimate of $666.66 million. During the same period in the prior year, the firm earned $0.35 EPS. The firm’s quarterly revenue was up 3.2% compared to the same quarter last year. analysts expect that DSW will post 1.48 earnings per share for the current year.
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DSW declared that its Board of Directors has initiated a share buyback program on Tuesday, August 22nd that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 33.8% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.
In other DSW news, EVP William L. Jordan sold 15,100 shares of the firm’s stock in a transaction dated Friday, September 8th. The shares were sold at an average price of $19.00, for a total value of $286,900.00. Following the transaction, the executive vice president now owns 56,688 shares of the company’s stock, valued at $1,077,072. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP William L. Jordan sold 10,000 shares of the firm’s stock in a transaction dated Thursday, September 28th. The stock was sold at an average price of $21.32, for a total transaction of $213,200.00. Following the completion of the transaction, the executive vice president now directly owns 51,588 shares in the company, valued at approximately $1,099,856.16. The disclosure for this sale can be found here. Insiders sold 127,891 shares of company stock worth $2,559,458 in the last three months. 20.40% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of DSW. Teachers Advisors LLC lifted its holdings in DSW by 5.6% in the first quarter. Teachers Advisors LLC now owns 130,000 shares of the company’s stock worth $2,688,000 after acquiring an additional 6,879 shares during the last quarter. PNC Financial Services Group Inc. increased 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 purchasing an additional 283 shares during the period. Vanguard Group Inc. increased its stake in shares of 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 purchasing an additional 788,073 shares during the period. UBS Group AG increased its stake in shares of DSW by 164.5% in the first quarter. UBS Group AG now owns 20,281 shares of the company’s stock valued at $419,000 after purchasing an additional 12,614 shares during the period. Finally, New York State Teachers Retirement System acquired a new stake in shares of DSW in the first quarter valued at approximately $688,000. 86.11% of the stock is currently owned by hedge funds and other institutional investors.
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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