DSW Inc. (DSW) Stock Price Up 2.5%
DSW Inc. (NYSE:DSW) rose 2.5% during mid-day trading on Friday . The stock traded as high as $25.52 and last traded at $25.50, with a volume of 1,115,300 shares trading hands. The stock had previously closed at $24.87.
DSW has been the topic of several research analyst reports. Jefferies Group reiterated a “buy” rating and issued a $26.00 price objective (down previously from $33.00) on shares of DSW in a report on Wednesday, May 25th. William Blair restated a “buy” rating on shares of DSW in a report on Wednesday, June 8th. Buckingham Research restated a “buy” rating and set a $27.00 price target on shares of DSW in a report on Friday, July 15th. Zacks Investment Research upgraded DSW from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a report on Tuesday, August 2nd. Finally, Vetr downgraded DSW from a “buy” rating to a “hold” rating and set a $25.24 price target on the stock. in a report on Monday, April 25th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $25.34.
The firm has a 50 day moving average price of $23.52 and a 200-day moving average price of $23.96. The company has a market capitalization of $2.08 billion and a P/E ratio of 18.57.
DSW (NYSE:DSW) last announced its quarterly earnings data on Tuesday, May 24th. The company reported $0.40 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by $0.06. The company earned $681.30 million during the quarter, compared to analysts’ expectations of $699.58 million. The firm’s revenue was up 3.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.53 earnings per share. Equities analysts predict that DSW Inc. will post $1.36 earnings per share for the current fiscal year.
In other news, CEO Roger Rawlins acquired 12,249 shares of the stock in a transaction that occurred on Thursday, May 26th. The stock was purchased at an average cost of $20.49 per share, with a total value of $250,982.01. Following the completion of the acquisition, the chief executive officer now directly owns 20,657 shares in the company, valued at $423,261.93. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
An institutional investor recently raised its position in DSW stock. State of Wisconsin Investment Board increased its position in shares of DSW Inc. (NYSE:DSW) by 47.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 104,474 shares of the company’s stock after buying an additional 33,751 shares during the period. State of Wisconsin Investment Board owned about 0.12% of DSW worth $2,493,000 as of its most recent SEC filing.
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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