DSW (NYSE:DSW) has been assigned a $22.00 price objective by analysts at B. Riley in a research report issued to clients and investors on Tuesday, May 22nd. The firm currently has a “hold” rating on the stock. B. Riley’s price target would indicate a potential downside of 12.77% from the stock’s previous close.
DSW has been the topic of a number of other reports. Zacks Investment Research upgraded DSW from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a research report on Tuesday, February 27th. ValuEngine raised DSW from a “buy” rating to a “strong-buy” rating in a report on Wednesday, March 14th. TheStreet raised DSW from a “c+” rating to a “b” rating in a research note on Tuesday, April 10th. Standpoint Research lowered DSW from a “buy” rating to a “hold” rating in a research note on Monday, May 21st. Finally, Canaccord Genuity set a $20.00 price target on DSW and gave the company a “hold” rating in a research note on Tuesday, March 6th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $22.44.
Shares of DSW traded up $0.02, hitting $25.22, during trading on Tuesday, Marketbeat.com reports. The company’s stock had a trading volume of 1,692,700 shares, compared to its average volume of 1,836,278. DSW has a fifty-two week low of $15.14 and a fifty-two week high of $26.45. The stock has a market cap of $2.03 billion, a price-to-earnings ratio of 16.59, a price-to-earnings-growth ratio of 2.17 and a beta of 0.62.
DSW (NYSE:DSW) last announced its quarterly earnings data on Wednesday, May 30th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.02. The firm had revenue of $712.10 million for the quarter, compared to analysts’ expectations of $683.83 million. DSW had a return on equity of 13.42% and a net margin of 2.43%. DSW’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.32 earnings per share. equities research analysts expect that DSW will post 1.61 EPS for the current fiscal year.
In other news, CFO Jared A. Poff sold 1,960 shares of the stock in a transaction on Tuesday, June 12th. The stock was sold at an average price of $25.47, for a total value of $49,921.20. Following the completion of the sale, the chief financial officer now owns 11,785 shares in the company, valued at $300,163.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP William L. Jordan sold 34,412 shares of the stock in a transaction on Thursday, March 29th. The stock was sold at an average price of $22.47, for a total value of $773,237.64. Following the sale, the executive vice president now owns 88,705 shares of the company’s stock, valued at $1,993,201.35. The disclosure for this sale can be found here. 16.70% of the stock is owned by corporate insiders.
Institutional investors have recently bought and sold shares of the business. Foresters Investment Management Company Inc. increased its position in DSW by 0.4% during the first quarter. Foresters Investment Management Company Inc. now owns 1,192,250 shares of the company’s stock worth $26,778,000 after buying an additional 5,100 shares during the last quarter. Royce & Associates LP increased its position in DSW by 10.4% during the fourth quarter. Royce & Associates LP now owns 2,314,513 shares of the company’s stock worth $49,554,000 after buying an additional 217,410 shares during the last quarter. Mesirow Financial Investment Management Equity Management increased its position in DSW by 397.4% during the fourth quarter. Mesirow Financial Investment Management Equity Management now owns 748,686 shares of the company’s stock worth $16,030,000 after buying an additional 598,171 shares during the last quarter. BlackRock Inc. increased its position in DSW by 4.1% during the fourth quarter. BlackRock Inc. now owns 8,951,335 shares of the company’s stock worth $191,647,000 after buying an additional 354,481 shares during the last quarter. Finally, Baird Financial Group Inc. increased its position in DSW by 36.4% during the fourth quarter. Baird Financial Group Inc. now owns 50,765 shares of the company’s stock worth $1,087,000 after buying an additional 13,552 shares during the last quarter. 94.24% of the stock is currently owned by hedge funds and other institutional investors.
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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