DSW Inc. (NYSE:DSW) shares gapped up before the market opened on Monday . The stock had previously closed at $22.11, but opened at $22.36. DSW shares last traded at $23.28, with a volume of 1,024,890 shares changing hands.

A number of brokerages have recently issued reports on DSW. MKM Partners upped their price target on DSW from $25.00 to $30.00 and gave the company a “neutral” rating in a report on Wednesday, March 16th. Buckingham Research upped their price target on DSW from $31.00 to $33.00 and gave the company a “buy” rating in a report on Wednesday, March 16th. Johnson Rice downgraded DSW from a “buy” rating to an “accumulate” rating in a report on Wednesday, March 16th. Citigroup Inc. increased their target price on DSW from $24.00 to $30.00 and gave the company a “neutral” rating in a report on Wednesday, March 16th. Finally, Telsey Advisory Group increased their target price on DSW from $25.00 to $29.00 and gave the company a “market perform” rating in a report on Wednesday, March 16th. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. DSW has an average rating of “Hold” and a consensus target price of $25.99.

The stock has a market capitalization of $1.91 billion and a P/E ratio of 17.05. The company’s 50-day moving average price is $20.93 and its 200 day moving average price is $23.89.

DSW (NYSE:DSW) last issued its quarterly earnings data on Tuesday, May 24th. The company reported $0.40 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by $0.06. The firm earned $681.30 million during the quarter, compared to analyst estimates of $699.58 million. During the same period in the previous year, the business posted $0.53 earnings per share. The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. On average, equities research analysts anticipate that DSW Inc. will post $1.36 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 30th. Stockholders of record on Thursday, June 16th were issued a $0.20 dividend. The ex-dividend date was Tuesday, June 14th. This represents a $0.80 annualized dividend and a dividend yield of 3.43%.

In related news, CEO Roger Rawlins acquired 12,249 shares of the firm’s stock in a transaction dated Thursday, May 26th. The stock was acquired at an average price of $20.49 per share, with a total value of $250,982.01. Following the acquisition, the chief executive officer now directly owns 20,657 shares in the company, valued at approximately $423,261.93. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Several institutional investors recently modified their holdings of DSW. Oppenheimer & Co. Inc. boosted its position in shares of DSW by 1.5% in the fourth quarter. Oppenheimer & Co. Inc. now owns 42,531 shares of the company’s stock valued at $1,015,000 after buying an additional 629 shares during the period. Usca Ria LLC raised its position in shares of DSW by 62.1% in the fourth quarter. Usca Ria LLC now owns 56,373 shares of the company’s stock valued at $1,345,000 after buying an additional 21,600 shares in the last quarter. Afam Capital Inc. acquired a new position in shares of DSW during the fourth quarter valued at $2,094,000. State of Wisconsin Investment Board raised its position in shares of DSW by 47.7% in the fourth quarter. State of Wisconsin Investment Board now owns 104,474 shares of the company’s stock valued at $2,493,000 after buying an additional 33,751 shares in the last quarter. Finally, California State Teachers Retirement System raised its position in shares of DSW by 1.5% in the fourth quarter. California State Teachers Retirement System now owns 139,969 shares of the company’s stock valued at $3,340,000 after buying an additional 2,128 shares in the last quarter.

DSW Inc is a footwear retailer. The Company offers assortment of shoes, handbags and accessories for women, men and children. The Company operates through two segments: the DSW segment and the Affiliated Business Group (ABG) segment. The DSW segment includes DSW stores and dsw.com. The Company, through its ABG segment, partners with approximately three other retailers to help build and optimize their footwear businesses.

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