DSW Inc. (DSW) Trading Down 10.3%
Shares of DSW Inc. (NYSE:DSW) fell 10.3% during trading on Tuesday . The stock traded as low as $23.23 and last traded at $23.35, with a volume of 6,879,948 shares changing hands. The stock had previously closed at $26.02.
Several research firms have recently commented on DSW. Jefferies Group reissued a “buy” rating and set a $26.00 price target (down from $33.00) on shares of DSW in a research note on Wednesday, May 25th. Telsey Advisory Group reissued a “hold” rating on shares of DSW in a research note on Thursday, May 26th. Zacks Investment Research cut shares of DSW from a “hold” rating to a “strong sell” rating in a research note on Monday, May 30th. MKM Partners reissued a “hold” rating on shares of DSW in a research note on Tuesday, May 24th. Finally, Credit Suisse Group AG reissued a “hold” rating and set a $23.00 price target on shares of DSW in a research note on Wednesday. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $24.30.
The firm has a market capitalization of $1.97 billion and a price-to-earnings ratio of 17.581. The firm’s 50-day moving average price is $24.22 and its 200-day moving average price is $24.06.
DSW (NYSE:DSW) last posted its earnings results on Tuesday, August 30th. The company reported $0.35 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.05. The business had revenue of $659 million for the quarter, compared to the consensus estimate of $658.95 million. The company’s revenue was up 5.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.42 earnings per share. On average, analysts forecast that DSW Inc. will post $1.38 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 16th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 3.34%. The ex-dividend date of this dividend is Wednesday, September 14th.
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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