DSW Inc. (DSW) Sees Strong Trading Volume
DSW Inc. (NYSE:DSW) shares saw unusually-strong trading volume on Monday . Approximately 2,049,821 shares were traded during trading, an increase of 34% from the previous session’s volume of 1,526,982 shares.The stock last traded at $25.86 and had previously closed at $25.94.
A number of analysts recently issued reports on DSW shares. B. Riley reissued a “neutral” rating and issued a $23.00 target price on shares of DSW in a research report on Sunday, June 5th. Deutsche Bank AG upped their target price on DSW from $22.00 to $23.00 and gave the company a “hold” rating in a research report on Friday, July 15th. Canaccord Genuity reissued a “hold” rating and issued a $23.00 target price (up from $19.00) on shares of DSW in a research report on Monday. Vetr raised DSW from a “hold” rating to a “strong-buy” rating and set a $27.86 target price for the company in a research report on Monday, May 2nd. Finally, Zacks Investment Research raised DSW from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 26th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $24.99.
The company has a market cap of $2.13 billion and a PE ratio of 19.05. The company’s 50 day moving average price is $24.16 and its 200 day moving average price is $24.04.
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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