DSW Inc. (NYSE:DSW) dropped 10.3% on Tuesday . The stock traded as low as $23.23 and last traded at $23.35, with a volume of 6,879,948 shares. The stock had previously closed at $26.02.

DSW has been the subject of several research analyst reports. Vetr raised shares of DSW from a “hold” rating to a “strong-buy” rating and set a $27.86 price objective for the company in a report on Monday, May 2nd. Susquehanna reduced their price objective on shares of DSW from $27.00 to $24.00 and set a “neutral” rating for the company in a report on Monday, May 16th. Canaccord Genuity reduced their price objective on shares of DSW from $25.00 to $20.00 and set a “hold” rating for the company in a report on Thursday, May 19th. MKM Partners dropped their price target on shares of DSW from $30.00 to $24.00 and set a “neutral” rating on the stock in a research report on Monday, May 23rd. Finally, Telsey Advisory Group dropped their price target on shares of DSW from $29.00 to $23.00 and set a “market perform” rating on the stock in a research report on Wednesday, May 25th. 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 given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $24.99.

The company’s 50 day moving average is $24.21 and its 200 day moving average is $24.06. The stock has a market capitalization of $1.91 billion and a price-to-earnings ratio of 17.08.

DSW (NYSE:DSW) last posted its quarterly earnings results on Tuesday, August 30th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.05. The firm earned $659 million during the quarter, compared to the consensus estimate of $658.95 million. During the same quarter in the prior year, the business earned $0.42 EPS. DSW’s revenue was up 5.1% on a year-over-year basis. Equities analysts expect that DSW Inc. will post $1.36 earnings per share for the current year.

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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