DSW Inc. (DSW) Receives $23.79 Average Price Target from Brokerages
DSW Inc. (NYSE:DSW) has been given an average rating of “Hold” by the twenty-one analysts that are presently covering the firm. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $23.79.
Several brokerages recently issued reports on DSW. Canaccord Genuity reiterated a “hold” rating and issued a $23.00 price target (up from $19.00) on shares of DSW in a research note on Monday, August 29th. They noted that the move was a valuation call. Telsey Advisory Group increased their price target on shares of DSW from $23.00 to $27.00 and gave the stock a “market perform” rating in a research note on Thursday, August 25th. Zacks Investment Research upgraded shares of DSW from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 26th. B. Riley reiterated a “neutral” rating and issued a $23.00 price target on shares of DSW in a research note on Monday, September 5th. Finally, Buckingham Research reiterated a “buy” rating and issued a $27.00 price target on shares of DSW in a research note on Friday, July 15th.
In other DSW news, EVP William L. Jordan sold 42,423 shares of DSW stock in a transaction that occurred on Wednesday, September 7th. The shares were sold at an average price of $25.00, for a total transaction of $1,060,575.00. Following the transaction, the executive vice president now owns 72,333 shares of the company’s stock, valued at $1,808,325. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Harvey L. Sonnenberg sold 8,000 shares of DSW stock in a transaction that occurred on Thursday, September 1st. The shares were sold at an average price of $23.50, for a total transaction of $188,000.00. Following the transaction, the director now directly owns 20,142 shares in the company, valued at approximately $473,337. The disclosure for this sale can be found here. Company insiders own 20.30% of the company’s stock.
A number of institutional investors have recently modified their holdings of DSW. MSI Financial Services Inc increased its position in DSW by 2.9% in the third quarter. MSI Financial Services Inc now owns 6,703 shares of the company’s stock valued at $137,000 after buying an additional 190 shares during the period. Nisa Investment Advisors LLC increased its position in DSW by 34.4% in the third quarter. Nisa Investment Advisors LLC now owns 35,104 shares of the company’s stock valued at $719,000 after buying an additional 8,992 shares during the period. Eagle Boston Investment Management Inc. increased its position in DSW by 0.8% in the third quarter. Eagle Boston Investment Management Inc. now owns 242,493 shares of the company’s stock valued at $4,966,000 after buying an additional 1,918 shares during the period. First American Bank increased its position in DSW by 3.1% in the third quarter. First American Bank now owns 108,773 shares of the company’s stock valued at $2,228,000 after buying an additional 3,224 shares during the period. Finally, BNP Paribas Arbitrage SA increased its position in DSW by 39.7% in the third quarter. BNP Paribas Arbitrage SA now owns 45,987 shares of the company’s stock valued at $942,000 after buying an additional 13,076 shares during the period. 87.86% of the stock is currently owned by institutional investors and hedge funds.
DSW (NYSE:DSW) opened at 21.35 on Tuesday. DSW has a 1-year low of $18.51 and a 1-year high of $29.53. The stock has a market capitalization of $1.76 billion, a PE ratio of 17.04 and a beta of 0.84. The firm has a 50-day moving average of $22.37 and a 200-day moving average of $23.16.
DSW (NYSE:DSW) last posted its earnings results on Tuesday, August 30th. The company reported $0.35 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.05. DSW had a net margin of 3.96% and a return on equity of 12.51%. The firm earned $659 million during the quarter, compared to analysts’ expectations of $658.95 million. During the same period last year, the company posted $0.42 EPS. The company’s quarterly revenue was up 5.1% compared to the same quarter last year. Equities analysts expect that DSW will post $1.39 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Friday, September 16th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 3.75%. The ex-dividend date of this dividend was Wednesday, September 14th. DSW’s dividend payout ratio is currently 64.52%.
DSW Company Profile
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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