DSW (NYSE:DSW) had its price target increased by research analysts at Deutsche Bank from $24.00 to $28.00 in a research note issued to investors on Wednesday. The firm currently has a “hold” rating on the stock. Deutsche Bank’s price objective indicates a potential downside of 13.26% from the company’s current price.

Several other research firms have also recently weighed in on DSW. ValuEngine raised shares of DSW from a “hold” rating to a “buy” rating in a report on Tuesday. Canaccord Genuity set a $27.00 price target on shares of DSW and gave the stock a “hold” rating in a report on Wednesday. Wells Fargo & Co upped their target price on shares of DSW from $22.00 to $31.00 and gave the stock a “market perform” rating in a research report on Wednesday. Telsey Advisory Group upped their target price on shares of DSW from $24.00 to $34.00 and gave the stock a “market perform” rating in a research report on Wednesday. Finally, Wedbush upped their target price on shares of DSW from $24.00 to $29.00 and gave the stock a “neutral” rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $28.92.

DSW stock opened at $32.28 on Wednesday. The firm has a market capitalization of $2.62 billion, a PE ratio of 17.68, a PEG ratio of 2.88 and a beta of 0.63. DSW has a fifty-two week low of $17.75 and a fifty-two week high of $34.02.

DSW (NYSE:DSW) last released its quarterly earnings results on Tuesday, August 28th. The company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.17. The firm had revenue of $793.70 million for the quarter, compared to analysts’ expectations of $689.41 million. DSW had a net margin of 0.06% and a return on equity of 15.75%. The business’s quarterly revenue was up 16.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.38 earnings per share. research analysts expect that DSW will post 1.69 EPS for the current year.

In other DSW news, CFO Jared A. Poff sold 1,960 shares of the company’s stock in a transaction dated Tuesday, June 12th. The shares were sold at an average price of $25.47, for a total transaction of $49,921.20. Following the completion of the sale, the chief financial officer now directly owns 11,785 shares in the company, valued at $300,163.95. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 16.70% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. US Bancorp DE boosted its position in DSW by 392.7% during the second quarter. US Bancorp DE now owns 3,927 shares of the company’s stock valued at $102,000 after buying an additional 3,130 shares during the period. Envestnet Asset Management Inc. boosted its position in DSW by 1,340.6% during the second quarter. Envestnet Asset Management Inc. now owns 4,293 shares of the company’s stock valued at $112,000 after buying an additional 3,995 shares during the period. Amica Retiree Medical Trust purchased a new stake in DSW during the second quarter valued at about $119,000. Itau Unibanco Holding S.A. purchased a new stake in DSW during the second quarter valued at about $125,000. Finally, SG Americas Securities LLC purchased a new stake in DSW during the first quarter valued at about $125,000. Institutional investors and hedge funds own 89.18% of the company’s stock.

DSW Company Profile

DSW Inc, together with its subsidiaries, operates as a branded footwear and accessories retailer in the United States. The company offers dresses, casual and athletic footwear, and accessories under various brands for women, men, and kids. It also provides handbags, hosiery, jewelry, and other accessories.

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Analyst Recommendations for DSW (NYSE:DSW)

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