DSW (DSW) PT Raised to $29.00 at Wedbush
DSW (NYSE:DSW) had its price objective raised by Wedbush from $24.00 to $29.00 in a research report issued to clients and investors on Wednesday, The Fly reports. The firm presently has a “neutral” rating on the stock. Wedbush’s price objective indicates a potential downside of 10.16% from the company’s current price.
Other research analysts have also issued research reports about the company. Zacks Investment Research lowered DSW from a “buy” rating to a “hold” rating in a research report on Wednesday, August 1st. Wells Fargo & Co boosted their price target on DSW from $22.00 to $31.00 and gave the stock a “market perform” rating in a research report on Wednesday. Telsey Advisory Group boosted their price target on DSW from $24.00 to $34.00 and gave the stock a “market perform” rating in a research report on Wednesday. Susquehanna Bancshares lowered DSW from a “neutral” rating to a “negative” rating and reduced their price target for the stock from $26.00 to $22.00 in a research report on Friday, August 17th. Finally, Canaccord Genuity reiterated a “hold” rating and set a $22.00 price target on shares of DSW in a research report on Friday, August 17th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $28.92.
NYSE:DSW opened at $32.28 on Wednesday. DSW has a 12-month low of $17.75 and a 12-month high of $34.02. The company has a market cap of $2.62 billion, a P/E ratio of 17.68, a P/E/G ratio of 2.88 and a beta of 0.63.
In other DSW news, CFO Jared A. Poff sold 1,960 shares of the business’s stock in a transaction on Tuesday, June 12th. The stock was sold at an average price of $25.47, for a total transaction of $49,921.20. Following the completion of the transaction, the chief financial officer now owns 11,785 shares in the company, valued at approximately $300,163.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 16.70% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the company. US Bancorp DE raised its stake in shares of DSW by 392.7% in the 2nd quarter. US Bancorp DE now owns 3,927 shares of the company’s stock worth $102,000 after buying an additional 3,130 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of DSW by 1,340.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 4,293 shares of the company’s stock worth $112,000 after buying an additional 3,995 shares in the last quarter. Amica Retiree Medical Trust bought a new stake in shares of DSW in the 2nd quarter worth $119,000. Itau Unibanco Holding S.A. bought a new stake in shares of DSW in the 2nd quarter worth $125,000. Finally, SG Americas Securities LLC bought a new stake in shares of DSW in the 1st quarter worth $125,000. 89.18% of the stock is currently owned by institutional investors.
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.
Featured Article: Market Capitalization in the Stock Market
Receive News & Ratings for DSW Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DSW and related companies with MarketBeat.com's FREE daily email newsletter.